Dentons
Legatics helps Dentons save time and improve the client experience
Overview
Dentons, the world’s largest law firm, used Legatics while acting for a lender in a real estate financing deal. There were four obligors and approximately 70 documents. The deal was staffed by a partner, an associate and a trainee.
Challenges
Time-consuming CP call
That previously took up three hours per week
Lack of real-time visibility
Need to produce CP checklists to
tight deadlines
Multiple document versions
Difficulty in tracking status updates
Our Solution
Tools for the job
Dentons used Legatics to manage the real estate financing deal centrally. The platform’s CP checklist function automated the CP collection and approval process, eliminating the need for CP calls that previously took up to three hours of partner, associate and trainees’ time per week.
The real-time visibility and status updates meant the team no longer had to produce Word document CP checklists to tight deadlines. This saved time and allowed trainees to get involved in more interesting tasks, improving their overall experience. The Legatics platform made it easier to track the latest versions of documents and status updates, improving document workflow and, consequently, the overall lawyer-client experience.
At the end of the transaction, the team was able to use the platform to compile documents for the transaction in just three hours, reducing the 15-20 hour estimate for set up and bibling.
Results
Better lawyer-client experience
Improved efficiency and reduced time for bibling
Increased speed
18% (20-30 hour) time saving over a
2-month period
Fewer calls
CP calls no longer necessary
Improved profit margin
3% increase in gross profits
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Vastly improves efficiency. Bible production is incredibly simple and quick. Intuitive and easy-to-use platform.
Try Legatics today
If you use Word to manage your transactions, you can use Legatics. Using Legatics is that simple.
