McMahon Clarke is nationally recognised in Australia as a market leader in Funds Management, Real Estate and Litigation, with many of the Partners and team independently recognised in the Best Lawyers in Australia and Chambers Asia Pacific rankings.
In January 2021, founding Partners, Sean McMahon and Langton Clarke, onboarded Atticus to give their clients a cost-effective and efficient approach to verification.
Previously, verification had been conducted manually, using multiple versions of an Excel-based verification checklist that contained every material statement, along with a corresponding marked-up version of the disclosure document. These documents were then circulated via email, meaning multiple versions were in play simultaneously.
If material changes were made after verification had started, this required a time-consuming process of updating multiple versions within the documentation suite, then re-circulating updates via email.
For Atticus to be deemed a success, it was essential that the McMahon Clarke team and their clients gave positive feedback from the point of first use. This quickly proved to be the case, with two key benefits highlighted:
Easy to learn:
McMahon Clarke’s clients and other external stakeholders found Atticus easy to navigate and learn, with the uploading of supporting documents and inclusion of commentary described as “very straightforward”.
The New Version functionality eliminates the need for both a marked-up version of the disclosure document and a verification checklist. It also ensures only one version of the verification document is in circulation.
quickly filter for specific statements
Feedback from both Trustees and Managers is that the automatic filtering of the document - to show only relevant statements assigned to each user and/or party - allows users to find and focus on key issues within large documents.
reduced time & costs
According to Joe Fleming (Lawyer, Funds Management):