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Banking and Finance documents are an ideal fit for deep automation as the more complex the matter, the greater the impact of deep automation.
The Clarilis platform is used extensively to automate banking and finance precedents such as:
- Leveraged Facilities Agreements
- Real Estate Finance Agreements
- Simplified Lending Facility Agreements
- Developing Markets Facilities Agreements
- Export Finance Credit Agreements
- Intercreditor Agreements
and more...
In the case of automated suites which include a firm's LMA* derived precedents, Clarilis leverages its extensive experience in automating these documents (including common adaptations requested by firms) to automate and enhance a firm's suite of documents. This includes automating your firm's custom content and additional precedents.
The end result is an exceptionally customised automation with a PSL-led managed service to design, scope, implement, test and update it for you.
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* Clarilis is a member of the LMA and automates LMA documentation exclusively for and provided by member firms. Clarilis automations are not endorsed by the LMA.
Richard Oman, Finance Partner, Addleshaw Goddard
We automate your own precedents, such as legal opinions, security documents and corporate authorisations, all of which are ideal candidates for deep automation. Legal opinions by their very nature have hundreds of permutations of logic. They need to be automated within in a structured framework with guidance and risk control at its heart. This makes opinions the perfect candidate for automation, but the complexity involved means this is rarely achieved to any meaningful extent with traditional automation toolkits.
Find out moreClarilis automates a wide range of banking and finance documents, request a demo now.
Clarilis PSLs review your existing precedents, drafting notes and guidance and will work with you to design an automation that gathers, stores and categorise all of the key transaction data you need to generate the required suite of documents. This ensures significant time savings and greater accuracy which, in turn, facilitates delegation while mitigating risk and reducing expensive partner review time.
There’s a long-term business benefit to complex automation if it’s maintained and enhanced by iteration over time. This is another highly valued aspect of the Clarilis PSL-led managed service.
Book a demoA certain amount of drafting work is critical to a lawyer's development, including to hone their attention to detail.
However, when a junior lawyer's day is filled with a disproportionate amount of administrative drafting tasks, they may struggle to devote sufficient time to higher value advisory work.
Clarilis supports and liberates your lawyers, allowing them to focus on what they do best (which is not hours of routine and mechanical drafting changes).
Plus, your PSLs can devote more time to thought leadership and making sure everyone is up-to-date.
Trust in a great tech provider who also invests in experienced PSLs on your behalf, giving your PSLs more time to focus on commercial trends and what's happening in the wider market.
Download today and read more about how deep automation allows banking and finance lawyers to deal with increased workload and pricing pressures by taking days out of the drafting process, thereby increasing capacity and freeing up time to focus on the parts of the deal that really make a difference.