Watson Farley & Williams
The Firm. The Deal.
A multidisciplinary London team that advised NatWest* as lenders on the £30m SONIAbased financing of a portfolio of UK rooftop and groundmounted solar PV projects, owned by Innova, with a total installed capacity of 57 MW.
The transaction required the fulfilment of over 500 conditions precedent which were managed on a Legatics checklist.
*This use case in no way constitutes an endorsement of the product by Natwest or Innova
An efficient, collaborative tool.
Legatics allowed Watson Farley & Williams lawyers and their client to easily collaborate on the CP checklist, with instant access and transparency for the client in particular.
By providing a visual dashboard of progress, Legatics provided accountability and allowed for closer collaboration from all parties involved in the transaction. Having live access to the CP checklist meant that the team was constantly monitoring progress and keeping it up to date.
The Legatics site is easy to access and use, and Watson Farley & Williams actively encourages its teams to consider the use of Legatics on transactions. The firm sees it as a clear benefit to both clients and the working practices of their own lawyers.
“Managing a large CP checklist like this on Legatics was far more efficient than the usual process.”
Trainee Associate, London
Easy Access to real-time updates
Automatic workflow and insights
Easy to use tool
Time deals and volumes of CPs simplified