Prior to using Atticus, verifications at Piper Alderman would be conducted manually using footnotes to identify statements and attribute supporting documents. Partner James Dickson explains the drudgery of the old verification methods: “manual verification is time consuming and needs to start on early drafts of documents. Attributing statements is more time consuming when done by email. Tracking verified, unverified and statements requiring re-verification is labour intensive, especially where multiple drafts are verified”.
The Piper Alderman team had to conduct the verification of the IPO prospectus under a very tight deadline. Atticus was adopted by James’ team for the verification of the prospectus with an aim to expedite and simplify the process and to provide a clear and efficient communication platform for users to work collaboratively.
easy to learn
For the Piper Alderman team and their client, “Atticus was easy to learn how to use and to operate. The software was instinctive and well supported by the resources provided”.
“Automatic statement identification, tags and comments to communicate tasks and the ability to transfer verifications to new versions of the document” were highlights of the program identified by the team that increased the efficiency and simplicity of the verification process.
better client experience
Atticus allowed Piper Alderman’s client to be directly involved in the verification process. “It provides an online platform for them to upload documents and communicate with the lawyers leading the verification, rather than having the multiple client verifiers email or upload documents to be handled by us manually,” describes James.
quality process & reporting
ease of client adoption
Piper Alderman has a focus on identifying and adopting new technologies that improve the efficiency of the high-quality service that they provide. James explains that “adopting Atticus aligns with this strategy and simplifies the verification process for our clients”.
After the IPO verification Piper Alderman adopted Atticus on an annual subscription, providing its lawyers the opportunity to better service their clients’ verification needs across a broader range of disclosures including investor presentations, PDSs, IMs, scheme booklets, and ASX announcements.