This is the latest in a series of Clarilis projects to bring high quality automated precedents to the market for use by law firms of all sizes.
It follows on from the success of Clarilis’ automated Model Commercial Lease (“MCL”) suite for the English real estate market (launched earlier this year), and the launch of automated M&A and Share Reorganisation suites in partnership with FromCounsel.
This is another step to encourage standardisation in legal as an enabler for accelerated LegalTech adoption. By extending its product suites to include ‘market ready’ automations, Clarilis enables law firms of all sizes to leverage technology to access ‘best-in-class’, deeply automated content, in an off-the-shelf format.
The PSG has been setting standards in the Scottish market for over 20 years, producing agreed form documents and procedures for Scottish commercial property transactions. The group was formed by four law firms, CMS, Dentons, Pinsent Masons, and Shepherd and Wedderburn, who were concerned that too much time was being spent negotiating non contentious aspects of real estate documentation.
The PSG sees the benefits of standardising documents and procedures as:
- avoiding wasting time on minutiae, allowing solicitors to concentrate on the things that really matter in the transaction,
- speeding up the whole process for the benefit of the clients and also making transactions more profitable; and
- managing risk.
Clarilis is developing an automation of the PSG suite as an integral component of its wider automation offering to real estate teams.
The PSG members commented: “Having seen the depth and quality of the automation that Clarilis has created with the MCL content, the PSG is very pleased to work with the team at Clarilis to allow Scottish firms to access the PSG leases and accompanying documents in an automated format. We believe this will be a valuable option for Scottish firms and will further encourage the adoption of PSG standardised documents.”
James Quinn, CEO at Clarilis added: “Standard content is the bedrock for the accelerated adoption of LegalTech. We are delighted to be working with the PSG on this project with the aim of bringing pre-automated content, and the competitive advantage it affords, to a wide range of Scottish firms.”
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