OVERVIEW
The law firm of Smith, Gambrell & Russell, LLP (SGR) is always looking for ways to improve its workflows, but it also has to accommodate the more conservative forces of aviation registries, which until now had been slow to adopt developments like digital signatures causing clients to be similarly slow to adopt them. But as the work-from-home orders of the COVID-19 pandemic began, SGR’s ability to rely on traditional measures and supports such as copy rooms was interrupted, and SGR embarked on the hunt for a solution that could help it manage every aspect of transactions digitally, including creating checklists, assembling documents, managing signatures, and generating closing sets. The firm was also interested in streamlining its transaction processes to save time and avoid human errors in monitoring document versions and tracking signature pages.
SOLUTION
Upon researching digital transaction management, SGR realized that Litera Transact was the only fully integrated solution that would handle due diligence review, transaction checklists, maintain and compare document versions, digitize the signature process, and automatically generate closing sets—all with unprecedented ease and speed within a single platform.
RESULTS
Both the lawyers and the IT staff at SGR are delighted with Litera Transact. It has enabled the firm to streamline and simplify its entire transaction management process, reducing both the time and the level of staffing it takes to close deals while all but eliminating administrative errors and increasing confidence. It’s also made it easier for signatories to quickly sign and return documents remotely. Plus, it’s so intuitive and well supported that it was easy for the firm’s lawyers—and its IT department—to implement and adopt.
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