PwC and leading law firm join LegalTech portal

13.12.2017 09:43

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Legaltech

PartnerVine, an online portal for the sale of automated legal documents, has launched a few weeks ago in a beta version. PricewaterhouseCoopers was the initial supplier of documents. Now Meyerlustenberger Lachenal has joined too. MLL is the first law firm in the world to sell automated merger documents to the public.

The start of PartnerVine marks a major milestone in how legal services are sold. “The value proposition for in-house counsel is clear. You can get the document and guidance notes in a smart questionnaire that'll get you up and running for a fixed price. No more telephone calls to figure out the options--just buy your document and get going," says Jordan Urstadt, CEO and founder of PartnerVine. 

PartnerVine has launched in beta with a first set of documents under Swiss law from PwC Legal. "PwC Legal has opened its Swiss-law automated document library for sale on an unbundled basis. From now on, customers of PartnerVine can start their in-house legal projects with the resources of major legal service providers, at a fraction of what it'd cost to have us do the work manually. There's nothing like it in the world and we're thrilled to be leading the way," says Dieter Wirth, head of Tax and Legal Services at PwC in Zurich. 

Meyerlustenberger Lachenal pioneers tech-first strategy for M&A
Meyerlustenberger Lachenal is starting its offer with a suite of intra group restructuring documents, and aims to expand its offer to a complete suite of documents ranging from standard corporate forms, M&A or finance related documents to ICT contracts in line with its main practice areas. In another first, MLL is selling automated documents on PartnerVine in both English and German, with French to follow soon. In addition, there are no restrictions on who can purchase MLL’s documents. If a purchaser of an automated legal document wants legal advice from MLL, a conflict check would need to be performed.

MLL is launching these documents in a beta version to provide an opportunity for early adopters to provide feedback, build the community and improve the offer.

”MLL is the leader of law firms globally with this offer. M&A and post closing integration work is a major revenue driver for law firms around the globe, and until now law firms have only pursued tech for M&A and post closing internal group restructuring if it didn’t threaten their margins. MLL is saying the emperor has no clothes for intra-group mergers, and giving in-house counsel the tools to do more post closing integration work such as intragroup mergers themselves. Since in-house counsel can access the expertise of MLL when they need it, it’s a thoroughly compelling offer the world has never seen before,” says Jordan Urstadt.

(SK)

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