If your firm is still managing transactions with a word processing tool, it's time you considered a 21st century solution, argues Jack Shepherd

Junior lawyers are the lynchpins of transactions. While they work with partners and their seniors on structuring transactions, negotiations and strategy, the work they do around making sure things are delivered on time is often forgotten.

On a complex cross-border transaction, this work includes making sure all documents are on track for the closing date. It often involves chasing specialist advisers and local counsel in other jurisdictions – not to mention doing countless redlines and comparisons against prior versions.

When things go wrong, things get nasty. Junior lawyers start getting blamed for not understanding the urgency of a particular document: “What have you been doing for the last week?!”. Junior...

Jack Shepherd
Legal practice lead

This article is part of a subscription-based access, to continue reading, please contact your library