FromCounsel and Clarilis partner to deliver automated M&A document suite
Corporate law information service FromCounsel and UK-headquartered document automation vendor Clarilis have partnered up to create a best-in-class, automated M&A document suite. The new offering will combine FromCounsel’s legal documents and commentary with Clarilis’ drafting automation platform.
FromCounsel captures and effectively productises the knowledge and experience of barristers from Erskine Chambers and a team of experienced professional support lawyers, while Clarilis combines automation with its own team of professional support lawyers.
FromCounsel and Clarilis will first focus on bringing a M&A document suite to the corporate market in Q1 2021. The new offering will include maintained automated legal documents, together with comprehensive drafting guidance.
It is hoped that the new platform will not only appeal to the larger UK law firms, accountants and corporates, but also to smaller law firms and organisations for whom document automation solutions have been prohibitively expensive to date.
James Quinn, CEO of Clarilis said: “We have always been impressed by the quality of FromCounsel’s precedents and the depth of its guidance. Clarilis automation combined with FromCounsel content is a really exciting proposition as it will help to bring down the cost of sophisticated first draft production for a wide range of M&A transactions, and ongoing precedent maintenance costs.”
Andrew Thornton QC, CEO of FromCounsel commented: “We see huge potential in bringing fully maintained, high-quality automated legal documents to the broader market, including the many smaller firms that don’t currently have the same access to resources as the larger firms.”