Partner, Corporate & Co-Head | Private Equity
Allens >< Linklaters becomes a foundation client for tech-startup, Atticus.
Atticus, an Australian tech startup, is innovating the time-consuming task of disclosure document verification, giving clients – and their partner law firms – an efficient solution to a process that demands high levels of accuracy.
The software identifies material statements in the copy of prospectuses, and other disclosure documents, and 'boxes up' statements or paragraphs for verification by the client. Each statement is numbered so the client has an easy reference point. The highlighted statements migrate from version to version ensuring material issues do not become lost in version control.
m&a corporate partner, mark malinas:
co-founder, saul wakerman (atticus):
'The software provides powerful tools, such a project management dashboard, to allocate and perform the verification tasks, so that multiple parties are not verifying the same information unnecessarily. It offers visibility over the progression of the verification as the lodgement deadline approaches, and enhances accuracy at a time of increased scrutiny of disclosure documents and other ASX announcements,' Saul said.
Atticus was founded by Mitchell Brunton, and brothers, Saul and Misha Wakerman in 2017. Saul is an ex-lawyer who worked on various M&A transactions and became frustrated with the standard process for verification. Misha and Mitchell are programmers who, after previously working together at Silicon Valley-based Palantir Technologies, teamed up with Saul to develop the software.