By Grace Hart May 8, 2022

Pre-automated Model Commercial Lease documentation now available to the Real Estate Sector

The managed real estate market grew to $10.5 trillion by the start of 2021 (MCSI, 2021), despite a year of unprecedented challenges. The market has grown [160%] since 2010 and, as you would expect, digital transformation has gathered pace to keep up with the opportunities and challenges presented.

Pre-automated Model Commercial Lease documentation now available to the Real Estate Sector

Clarilis has today announced the launch of automated Model Commercial Lease (MCL) suites for real estate lawyers as another addition to its suites of pre-automated content. This is another step forward to encourage standardisation in legal as an enabler for accelerated LegalTech adoption, and follows the award-winning launch of the Clarilis pre-automated Corporate M&A Suite with FromCounsel last year. By extending its product suites to include ‘market ready’ automations, Clarilis enables law firms of all sizes to leverage technology to access ‘best-in-practice’ automated content in an off-the-shelf format.

The MCL suite comprises a range of high quality templates for commercial leases and associated ancillary documents drafted by well-known law firms, client and trade organisations. The documents are freely available for anyone to download and then customise to meet particular requirements, or to incorporate text into their own documents.

Clarilis has developed a market ready automation of the MCL suite as an integral component of its wider automation offering to real estate teams. This specific standardisation project focuses on law firms acting for landlords, investors, corporate occupiers as well as generalist real estate practices.

The combination of respected MCL content with the established platform and experienced PSL-led team at Clarilis, marks a milestone in the effort to standardise and ‘level-up’ digitisation in real estate. Clarilis hinted at this development in its ‘Real Estate: The LegalTech landscape event’ (as featured in Artificial Lawyer on 22/02/22) and is now offering a preview of these automations at their next webinar on 19th May at 2pm which features panel guests Tim Cooper, Legal Director at LandSec and Dion Panambalana, Real Estate Partner at Hogan Lovells who are two of the architects of the Model Commercial Lease. You can register for the event here here: MCL Webinar


Real Estate Webinar 19-05

Dion Panambalana, Real Estate Partner at Hogan Lovells commented: “The MCL working group wants its content to be used by as wide an audience as possible. I am delighted to see pre-automated content extending that reach to a wider group of real estate lawyers through Clarilis as this will make it easier for more lawyers to use and enjoy the benefits of an MCL approach to real estate leasing.”

James Quinn, CEO at Clarilis added: “We believe that standardised content can be a great launchpad for accelerated adoption of LegalTech, including drafting automation. We are working to offer pre-automated content in real estate and other areas to enable Clarilis automation to reach a wider audience. The MCL is a client-led project, and Clarilis’ automation of MCL content is a client-driven product. Meeting market demand with the right tech, to solve the right problem, at the right time, is a great way to disrupt the real estate sector (valued at $10 trillion globally in 2021, according to MSCI) and to give progressive law firms even stronger competitive advantage.”

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The managed real estate market grew to $10.5 trillion by the start of 2021 (MCSI, 2021), despite a year of unprecedented challenges.

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