Norwegian law firm Arntzen de Besche often challenges traditional workflows and seeks innovative ways to improve processes. One area it recognized as ripe for innovation was legal transaction management. Using traditional paper-based methods, associates spent hours manually generating and updating checklists, creating closing binders, and trying to keep stakeholders updated on the status of their deals. What Arntzen de Besche needed was a way to close its clients’ deals faster and with better rates, enabling it to win more business.
Arntzen de Besche used Litera Transact to reinvent its transaction workflows, catapulting its productivity, helping its clients reduce legal spend so they can offer better rates, and closing deals faster and with more transparency. Litera Transact instantly formats checklists, automatically generates closing binders, and offers stakeholders secure access to checklists and associated documents on demand.
With Litera Transact, Arntzen de Besche saves time and money by generating checklists and closing binders in minutes—not days. It has also improved communications with clients, opposing counsel, and financing institutions through shared real-time status updates, providing greater confidence in its deals. In fact, one of Arntzen de Besche’s clients, Nordea Bank, was so impressed with the firm’s service that it safelisted Litera Transact for future use and offered more competitive rates with its use, winning even more business.
“Clients always ask us what digital platform we’re using to make our team more efficient. Litera Transact is always brought up as a prime example, and we have the time savings and happy customers to prove it.”