Clarilis automates a wide range of Banking and Finance documents, including those based on LMA precedents. Watch this video to find out how Clarilis combines LMA derived precedents with a firm's own content.
Yes. For 6 years leading law firms have been using the combination of Clarilis' market leading platform and experienced PSL-led managed service to win more work, increase margin and improve lawyer work/life balance.
The more complex the matter, the greater the impact of deep automation.
Clarilis has been automating complex suites of Banking and Finance documents for years, including security packs, legal opinions and facility agreements of all types.
In the case of pre-automated suites which include LMA derived precedents, Clarilis takes pre-automated LMA precedents, customised to meet the needs of law firms, banks and borrowers and adds your firms' specific changes and 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.
For example; bilateralising a facility can result in more than 1,000 changes to the facility agreement alone. Not every law firm routinely deals with syndicated facilities; and working your way back from a syndicated facility agreement with multiple facilities to a more straightforward structure (e.g. single lender, single facility, single borrower) is an uphill struggle.
Many law firms do not have the time or resources to adapt, implement and maintain complex automation within reasonable timelines.
How to tackle this?
Talk to Clarilis and hear more about the impact our deep automation and PSL-led managed service has had on banking and finance teams. Then work out what you will do with the hours/days/weeks you will get back in a year.Book a Demo
Clarilis automates a wide range of banking and finance documents, including those based on LMA precedents. Click the button below to see this in practice with a Leveraged Facility Agreement.
Lawyers draft a wide range of documents over
the course of a single banking matter. Yet many
software solutions struggle to effectively automate more than one document at a time or allow scope for extensive customisation and updating. We’ve found the most effective LMA-based implementations cast their net much wider. Our PSLs will work with you to determine the best documents to include within an automated suite to deliver a solid ROI for your firm.
Your own precedents, such as legal opinions, security documents and corporate authorisations 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.Book a demo
The Clarilis 'Leadership Mindset' Interviews feature insight and perspective from leading law firms on the business impact of deep automation in banking and finance. Click the button below to hear more from Burges Salmon, Ashfords, Eugene F Collins, Addleshaw Goddard and more...
Not any more. They don't want to grind their teeth either.
A 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 back time to focus on commercial trends and what's happening in the wider market.
Clarilis’ experienced PSLs will review your existing precedents, drafting notes and guidance. We work with you to design an automation that will gather, store 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 risk-mitigated delegation whilst reducing expensive partner review time.
Think of what can be achieved with the drafting hours Clarilis can save your team.Book a Demo
Click below to hear more about the eight lessons Clarilis' PSLs have learned from years of creating high-performing, firm-specific automations for our banking and finance customer base (including automations based on LMA precedents).
Clarilis uniquely streamlines the drafting of complex legal documentation. But the benefits of a Clarilis automation don’t end with a perfectly customised implementation.
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 demo
The information that your fee earners enter into the questionnaire populates a central knowledge base for the matter. This information is then used to generate all of the documents in your banking suite as required – the main financing document and all of the required ancillaries.
Rebecca Dury, Partner and Head of Banking, Ashfords
Clarilis regularly delivers complex automation projects of LMA based suites of precedents (including all ancillary documentation) in the following transaction areas:
Intelligent drafting for banking and finance matters
Talented lawyers talk of the 'dark ages' of poring over documents and manual drafting
No! Lengthy, uncertain and costly implementation processes all diminish the chances of successful automation. An automation should have an immediate positive impact on the area where it is deployed. If it doesn't, there is little incentive for users to adopt it.
The Clarilis platform and our experienced PSLs are the right combination to ensure a successful automation at every stage. Ongoing updates and re-configuration will make sure it functions optimally in the face of changes.
The intuitive nature of a Clarilis questionnaire makes the user experience a natural BAU process, that also acts as an excellent training tool. Lawyers considering which firms to work for, will question why they need to be poring over documents for hours, when intuitive deep automation can do this for you in a fraction of the time.
Many law firms will no longer be competitive if they are charging more to undertake the same work done if half the time, by more progressive firms.
Book a demo
Emma Fear, Head of Legal, Clarilis
Data security is vital in the selection of an automation partner
Clarilis provides impartial advice and expertise to each of its clients and understands the sensitivity of your client data (including the identity of your clients and the terms of your deals) and the intellectual property contained within your precedents.
All data within the Clarilis platform is completely secure and siloed.
Thanks to our highly structured approach, data gathered as part of your automation process can be analysed to improve the quality of management information.Explore our Platform Security
Your automated precedents need to be amended within tight timelines when the need arises. Clarilis will do this for you. This is particularly helpful when building in bespoke elements or adding additional security and other ancillary documents to a suite of precedents. The suite produced consists of complex moving documents that are forever evolving.Book a demo
Nicky Ellis, Banking and Finance PSL, CLarilis
Because you are agile, more relevant
There’s a universal appreciation across law firms – whether they’re Magic Circle, mid-tier or boutique – that clients won't settle for advisers who are still doing things the way they were done five years ago. They want to see how law firms are adapting to new ways of working and investing in technology to deliver a better, faster and more efficient service.
This is creating opportunities for smaller, more agile law firms to invest in innovation and claim market share. Lawyer wellbeing will benefit too as top talent will be drawn to more progressive and agile firms.