Automate High Volume Legal Transactions

Back
Title*Automate High Volume Legal Transactions
Detail

Legal transactions consists of information, processes and documents.  As well as the transactional information that needs to be captured, there may be many parties involved: Clients; plaintiff; defendants; witnesses; experts; financiers; brokers; insurers; beneficial owners.  The legal process can involve numerous steps that need to be completed at specific periods.  To map a transaction we need to:

Define the parties

  • Identify each party in the process
  • Decide what information is needed on each party
  • Create categorization lists for each party

 

Define the checking procedures

  • Checking for conflicts
  • Checking against external lists and systems

 

Define the relationships

  • How do the parties relate to the transaction
  • Identify which parties may have multiple individuals
  • Which parties are optional

 

Define the process

  • The steps that need to be completed
  • The order they need to be completed
  • Who signs off on each stage

 

Define the documented outputs

  • Which documents need to be created
  • What information need to be included in each document
  • Which clauses need to be included for each decision
  • How are the documents to be approved and sent
  • When are the document to be sent

 

Define the security and audit rules

  • Who can access information the transaction
  • Who can access information on each party
  • Which items of data can be viewed by which party
  • When are specific data considered locked
  • How are edits to be authorized and checked

 

Define the records management procedures

  • How will the transactional records be managed and retrieved
  • How will the party information be managed and retrieved
  • How long will data be retained
  • How will archive data be sanitized

 

Reports

  • What information is needed by fee earners
  • What information is needed by Clients
  • What information is needed by third parties

 

To get help designing your process, contact us using our on-line form.

ENGAGEMENT LETTER

Each new client and matter needs to be started by the firm setting out their understanding of the matter and including the terms and conditions.

SHARE PURCHASE AGREEMENT

One of the most complex legal contracts that includes a number of conditions that make wholesale differences to the outcome.

SummaryDeveloping transactional portals to manage high volume transactional work, maintain profitability and win new clients
More Information1
Resource TypeProgramme
Publish DateOct 2016
  • Contact Us

  • Henwood House, Henwood, Ashford, Kent, TN24 8DH
  • Contact Form
  • +44 (0) 1233 225 350
Privacy Policy
Cookies help us to improve your user experience. By using this site you consent to cookies being stored on your device. Read more...
Back to Top