FACILITIES AGREEMENTS

Automated Facilities Agreements

Draft facilities agreements and all ancillaries in under two hours.

The Clarilis platform is used extensively to automate banking and finance precedents (including those based on LMA* 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...

Clarilis automates your facility agreements and ancillary documentation, with all of the drafting (whether mirroring the LMA* or custom) you need to meet the needs of your firm and the banks and borrowers you act for. 

     Increase capacity in busy teams

     Improve margins and reduce write-offs

     Enable risk-mitigated delegation

 * 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.

2 hours

Draft facilities agreements and all ancillaries in under two hours

 

Maintained

Maintenance included in your licence fee

100+ firms

Law firms around the world trust Clarilis

Clarilis is trusted by leading finance teams, including:

HOW IT WORKS?

You complete a dynamic questionnaire. Clarilis produces a comprehensive first draft in Word, together with all relevant ancillary documents. All in your firm’s house style. No templates to configure. No legal engineers required.

What finance teams say:

 "The days of a junior lawyer drafting a 270-page loan agreement from scratch or changing a syndicated loan to bilateral, or vice versa, are over." 

Libby Garvey Eugene F Collins

Libby Garvey, Head of Banking, Ireland

Taylor Wessing

 "Addleshaw Goddard have addressed three key issues with Clarilis. Capacity has improved – we were spending too long and working too hard on first drafts when we didn’t need to. Increasing client demand for innovation and agility has been met and maximum value is derived from fixed price work.”  

Richard Oman, Addleshaw Goddard_

Richard Oman, Banking & Finance Partner

Addleshaw Goddard

Banking image

Rapidly deployable, fully customisable automations for individual firms

Clarilis has deep expertise in automating facilities agreements, offering broad optionality to suit the needs of a wide range of firms throughout the UK and Europe.

The automation is fully maintained by our lawyer-led team, so there are no maintenance headaches.

The Clarilis platform is used extensively to automate banking and finance precedents (including those based on LMA* precedents). For example:

  • Syndicated term and multicurrency revolving facilities agreements
  • Bilateral term facilities agreements (single guarantor, single currency)
  • Term and revolving facilities agreements (multiple borrower, multiple guarantor, single currency incorporating SOFR provisions)
  • Simplified lending facility agreements
  • Developing markets facilities agreements
  • Export finance credit agreements
  • Intercreditor agreements
  • Legal opinions
  • Term sheets
  • Mandate letters

and more...

Leveraged Facility Agreement
Leveraged Facility Agreement

Customised for your needs

At Clarilis we deliver custom automation projects to meet the specific needs of our clients and the banks and borrowers that they are acting for. 

Add your firms' own precedents to achieve an exceptionally customised document suite

Your firm’s own precedents, such as legal opinions, security documents and corporate authorisations are ideal candidates for deep automation. The result is an exceptionally customised and deeply automated set of precedents for your firm.

Legal Opinion - Banking

 * 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.

“Clarilis is directly relevant to our complex, high-value work. The work done with our banking team has been transformational. It's like magic. Some form of alchemy, where you hit a button and in moments see the end result of work that would have in the past taken weeks to produce.”

alastair

Alastair Lomax, Restructuring Partner

TLT

WATCH DEMO

Increase margins. Take on more work.

Built for complex use cases, Clarilis is used by transactional lawyers to improve margin, increase capacity and decrease client turnaround times.

Our first automation of complex facilities agreements was back in 2016 and, since then, we’ve automated a wide range of banking and finance agreements.

Why do Finance lawyers use Clarilis?

Reduce drafting time

Drastically reduce drafting time – save hours per matter

Draft facilities agreements and all ancillaries in under two hours - from a single intelligent questionnaire.
Improved Margins

Improve margins via enhanced efficiency

Reduce write-downs, increase recovery rates and improve profitability, particularly where deals are capped, fixed fee, or competitively priced.

Increased Capacity

Increase capacity in busy teams

Release senior lawyers to allow them to focus on more profitable activities.

Enable Delegation

Delegate to junior team members with confidence

Junior lawyers can draft to a Partner standard with guidance built into the automation. The result? High quality first drafts, every time.
Lower Risk

Maintain exceptional standards using best-in-class documents

Our expert team of PSLs builds and maintains the automation, to ensure your lawyers are using the most up-to-date precedents.
Purple 5

Driven from a single questionnaire

Draft entire suites of documents from a single questionnaire.

AI Draft Logo White INCLUDED

Our automation handles 90% of the draft. AI Draft handles the rest.

Clarilis AI Draft enables lawyers to use generative AI to draft definitions, clauses, schedules and additional documents not covered by your template, so you get a more complete first draft, faster.

Every AI-generated clause is highlighted in your document so you know exactly what to review.

  • Relevant: Codified PSL knowledge and matter context ensure highly tailored drafting.

  • Visible: All AI-generated content is highlighted and flagged for review.
  • Secure: No AI models are trained using your data, with zero data retention.
  • Confined: Create additional novel content without changing the logic-generated content.
AI Draft - notice generation

Security by design

data hosting

Data Hosting

The Clarilis solution is hosted in your region using industry-leading cloud infrastructure provided by AWS and Microsoft Azure
secure environments

Secure Environments

ISO 27001 and regular penetration testing
gdpr

GDPR

Compliance with GDPR standards
Enterprise level security-1

Enterprise level security

Encryption in transit and at rest, user activity storage and reporting
User security / contro

User security / control

Integration with your SSO mechanism gives you complete control
data retention

Zero data retention for AI Processing

Complete control over platform storage and deletion of data
No foundation model training

No AI model training

No AI models are trained using your data
HR Security

Human resource security

All Clarilis staff are subject to criminal record (DBS), eligibility and reference validation checks
Clarilis - Why deep automation is a big deal for banking and finance lawyers-01--1

Banking and finance precedents are an ideal fit for automation!

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.

Facilities Agreements FAQs

GET STARTED

Ready to transform how your firm drafts?