Partner, Corporate - London
Pinsent Masons LLP was engaged by their client ahead of listing on the London Stock Exchange (LSE). With tight deadlines on the verification, the London Corporate team relied on Atticus to streamline the process.
Prior to Atticus, Pinsent Masons undertook manual verification using Word. This meant creating a table and copying each verification statement across, row-by-row, from a complex admission document.
Manually creating this table took half a day, with hours spent keeping it updated. Another pain-point was version control and reporting, requiring a cumbersome process of running compares in Word, manually updating the table of statements, and circulating regular transaction updates via email.
Both Pinsent Masons lawyers and their client users (who were new to the verification process) found it easy to get started on Atticus, describing the platform experience as “very intuitive and self-explanatory”.
By automating hours of manual verification work and providing a live visual reporting platform, Atticus made the entire verification process easier.
COLLABORATIVE & CLIENT FRIENDLY
The interactive platform allowed Pinsent Masons’ client to participate directly in the process by uploading documents, verifying statements with supporting evidence, and inserting verification commentary.
According to Tsvetan, “this saved us a lot of time and effort, especially when the subject matter was very technical. Our client appreciated this too, because they could complete the work at their own pace, given how busy they were throughout the IPO process”.
This helps avoid the need to share notes, materials and comments over email – something else that adds time to the process.
By automating the verification process, and streamlining management processes such as new version uploads and progress reporting, Pinsent Masons lawyers saved a significant amount of time. "Roughly, Atticus saved us 5-6 hours per day", insists Tsvetan. This enabled Pinsent Masons to meet short timeframes and deliver on behalf of their client.
FOCUS ON QUALITY
Atticus relieved the administrative burden of manual verification, enabling the lawyers to focus on reviewing verification commentary and ensuring the verification was completed to a high standard.
“By saving us so much time on administrative tasks, Atticus enabled us to focus on the quality of the verification,” says Associate Amy Moore. “This reduced a lot of pressure on our team, ensured a smoother verification process, and enabled us to better manage our time.”
Pinsent Masons became the first UK/EU firm to adopt Atticus globally in 2020.
Since then, Pinsent Masons’ teams have collaborated with their clients and other stakeholders on Atticus for the efficient verification of a range of regulated disclosures including presentations, offer documents, announcements, and scheme documents.
MOST INNOVATIVE LAW FIRM IN EUROPE
Pinsent Masons was named the Most Innovative Law Firm in Europe at the FT Innovative Lawyer Awards Europe in 2020.
Partnering with technology companies such as Atticus allows Pinsent Masons lawyers to work efficiently and collaboratively with their clients, offering a new standard of service.
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