Executive Summary
Over the years, Dechert’s Corporate and Securities team has faced countless multi-day projects drafting, checking and constantly revising large numbers of contracts for deals. With Office & Dragons, they have been able to accomplish repetitive tasks on deals accurately at the pace needed, reducing the time spent whilst not compromising on the quality of the service for clients.
Case Study
Challenge: Dechert’s Corporate and Securities team assists its clients with complex legal work. Over the years, the team has faced countless multi-day projects drafting, checking and constantly revising large numbers of contracts for these deals.
Finding a solution: Associates in Dechert’s Corporate and Securities team quickly learned that with Office & Dragons they could rapidly spin out and update any number of Word documents.
For example, multiple suites of documents are regularly produced as part of transactions, and multiple data points are required to produce these documents. Since O&D creates and updates the documents based on instructions kept in clear and simple tables, associates and paralegals save time and maintain exceptional levels of accuracy when creating documents. Senior lawyers can review the work quicker and with more certainty by checking the table, rather than solely looking through each redline one by one.
Results:
Office & Dragon is now a standard part of the Corporate and Securities team’s practice. Here’s what a few of them had to say on the difference it’s made:
“Dechert provides high-quality legal advice under time-pressure on very complex transactions. This technology allows us to accomplish some of the more repetitive routine tasks on deals accurately at the pace we need to work. It reduces the time we need to spend whilst not compromising on the quality of the service we provide to our clients.”
“We needed to update a large number of legal documents quickly and accurately. Because of Office & Dragons, we did not need to pause the deal to draft those documents and accomplished the task in a few hours. Our clients expect us to get the work done in the best way possible. What was best ten years ago is not the best today. We are always striving to update our legal processes.”
“We had to draft many sets of board minutes for one of our clients. This would have traditionally taken a very long time to produce, potentially even several days – but with Office & Dragons, it was done in an afternoon.”