May 12, 2021
FromCounsel, the specialist corporate law knowledge service and Clarilis, the intelligent drafting automation platform, have today launched their fully maintained automated M&A document suite. The solution, which is available now, provides a fast, efficient and risk-mitigated way of producing an extensive and sophisticated suite of documents on a wide range of share sale and purchase transactions.
With ever-increasing pressure on fees and a high level of M&A transaction activity, it is important for firms to ensure agility and speed whilst maintaining margins. Automation of deal documentation, from SPAs to completion deliverables and Companies House forms, can help law firms increase recoverability and vastly reduce turnaround times which can be a key differentiator in a competitive market.
This offering, thanks to partnership of Clarilis and FromCounsel, combines FromCounsel’s expert documentation and comprehensive expert drafting guidance with Clarilis’ best-in-class automation technology specifically designed for complex document suites.
FromCounsel and Clarilis’ PSL team, in addition to providing first-class precedents, will maintain the content, automation and guidance on an ongoing basis. For the first time, this solution provides firms the opportunity to access an extensive suite of exceptionally high quality automated documents and means that complex automation is now within the reach of all law firms.
Due to the exceptional demand for the SPA suite, the second phase of the automation programme is already underway and includes document suites relating to share capital re-organisation, shareholders’ agreements and articles of association.
Commenting on today's announcement, Andy Thornton QC, CEO at FromCounsel said:
"We’re excited to launch this solution for the M&A market. There’s a huge potential in bringing fully maintained, high-quality automated legal documents to the broader market, from the many smaller firms that don’t have the same access to resources as the leading firms to the larger firms looking to utilise their PSL and fee-earner resources on higher value work rather than time-consuming maintenance and processes. Given the overwhelmingly positive reaction to this offering, we are already working on other automated document suites together.”
James Quinn, CEO at Clarilis, added:
"This solution is a compelling option for corporate departments of all sizes that are not benefitting from complex automation in relation to their M&A documentation. The FromCounsel and Clarilis PSL teams have been working very hard to bring this comprehensive suite to the market and we are confident that firms will see extensive benefits from using it.”