Legatics launches second-generation platform to expand beyond transaction management into legal project management

Global News

07
Feb
2023

Editor

Legatics, developers of the leading legal transaction management platform, today announced the launch of its second-generation platform, expanding its capabilities beyond transaction management into broader legal project management.

With the release of Legatics 2, Legatics is rolling out an intuitive, future-proof platform that has been designed for lawyers by lawyers. The new platform simplifies legal project workflows and accelerates deal closure across a range of law firm departments, including Banking and Finance, Litigation, Capital Markets, Real Estate, Corporate and M&A, Regulatory, Employment and Restructuring.

Anthony Seale, CEO of Legatics, explains: “Managing legal projects is hard work. It’s even harder if you have work spread across lots of generic tools. It’s easy to lose track of all the moving pieces – and it’s tough to stay up to date. That’s when things fall through the cracks. Legatics offers law firms and in-house legal departments a single platform to organise those projects and meet their deadlines. Helping teams to plan, organise, and manage their matter or project, irrespective of whether it is a deal or transaction, a merger or acquisition, or a liquidation, from start to finish. 

“Good legal project management software acts as a collaboration tool. Coordinating documents and actions, so everyone knows what’s going on and who’s doing what. Allowing teams to share files, leave comments, and get real-time updates. Giving them a complete view of progress and keeping everyone in the loop. You don’t have to use document management systems, word processors, spreadsheets, emails, and other tools to keep your matter moving. With Legatics, you can track and manage everything – from inception to closing – in one place.”

Legatics’ key new features include:

• Legal text importer: Creating lists is hard. It’s even harder when you’re trying to turn legal text into tables in Word.  With Legatics’ legal text importer, you can effortlessly transform any legal text – like warranties from your SPA, conditions precedents from your Facility Agreement, or completion obligations from your restructuring – into structured checklists in seconds.
• Signing view: Keeping your Word signing checklist synced with another list is a thankless task. With Legatics’ dedicated signing view, your data stays in sync.  You can also set up your parties and signatories in advance of signing, then push that data to DocuSign, and watch in real time as the required signatures come through.
• Template lists: With 40+ templates to solve a wide range of problems, flexible columns for customisation, and a simpler user interface, Legatics can be used by lawyers across multiple practice areas to manage their projects from start to finish.

Daniel Porus, Chief Commercial Officer at Legatics, adds: “Going into an economic slowdown, we are seeing a shift in how busy different practice areas are in many law firms. Counter-cyclical areas, such as restructuring and insolvency, are looking for quick ways of expanding their delivery capacity. Experienced lawyers take time to train, so many firms are turning to technology to help deliver their services. Legatics is evolving to meet the current needs of firms across the globe. Providing broader matter and project management capabilities that will drive efficiencies across a wider range of practice areas and use cases. Our platform’s new functionality will allow firms to save time and boost productivity in an economic environment that demands efficiency.”

Legatics is a project management platform that enables law firms and in-house legal departments to collaborate and close deals in an interactive online environment, providing clarity, reducing risk, and saving time. Legatics is trusted by the world’s leading law firms, including many of the AmLaw 100, UK top 100 and Chambers Band 1 ranked law firms globally and has been used in over 60 countries.