Russell Kennedy Lawyers
To find a better way to run M&A deals across the firm, with a focus on client engagement, a reduction in waste and risk, and an increase in the team’s focus on issues and strategy (not tasks and administration).
The Russell Kennedy team were drawn to thedocyard’s intuitive interface and collaborative tools, task management capability, integrated data room, and the ease with which the deal could progress 24/7. Also, being a cloud application meant that the deal teams could access the platform without the need for individual licencing or installations.
Russell Kennedy’s deal managers enjoy complete visibility across the multiple work streams on their deals, enabling them to stay on track in real-time, while significantly reducing administration costs and risk.
Use of thedocyard has significantly reduced email traffic on Russell Kennedy’s deals and given the deal managers the confidence to know that there is one ‘source of truth’ for where everything was up to. This enabled Russell Kennedy to focus on issues and relationships, not tasks and administration. Russell Kennedy are using thedocyard to manage multiple transactional workflows across the firm.
The end-to-end solution is attractive. [thedocyard] is not just a data room. You can run a deal completion workflow through it… [You have] the ability to access it from anywhere, the ability to tailor it and manipulate it, the ability to replicate and duplicate it. So, once you have a system set up, you do not have to start from scratch every time
Deal Type - International IPO
HopgoodGanim Lawyers is a full service commercial law firm. The firm has 43 partners and more than 280 staff. They operate nationally and internationally with a focus on Asia from two key locations of Brisbane and Perth. HopgoodGanim offers highly skilled and agile legal teams across key sectors and areas of practice. In all areas of speciality, HopgoodGanim’s lawyers are recognised by legal publications as leaders in their fields
Tasked with the management of an IPO that involved three law firms on three continents and a dual listing on a strict deadline, HopgoodGanim required an “all in one” global solution to facilitate task management, collaboration, and secure file sharing.
HopgoodGanim made full use of thedocyard’s integrated task management and collaborative tools to manage numerous work streams and to connect with stakeholders, even over the Christmas holiday period. Using thedocyard as the ‘single source of truth’ where tasks and document reviews were undertaken consecutively around the world, teams no longer required catch-up meetings, phone calls or time-consuming emails.
thedocyard made the entire deal considerably more transparent, allowing HopgoodGanim to use their time effectively, keeping the deal moving as quickly as possible. Our platform provides HopgoodGanim clients with an unprecedented visibility and transparency to not only see the deal progress but also assist on the transaction. Archaic processes are replaced with a fully digital approach that aggregates documents automatically, streamlining the completion process and reducing the administrative overheads typically associated with this part of a deal.
Having a central and transparent collection of completion materials that can be accessed by all parties results in significant time and – critically – client cost savings. Once we had it, it seemed so obvious that we would need something like this!
Deal Type - Cross-border M&A + Joint Venture
The McKenzie group is a highly respected Australian management consultancy firm specialising in Building Surveying, Certifications, Accessibility and Compliance Risk Management and forms part of the €5bn Bureau Veritas S.A. international agency.
The McKenzie Group was challenged with executing a complex acquisition and joint venture transaction across multiple time zones in a short period of time. The transaction involved multiple advisory teams working across many and varied work streams. All of this needed to be centrally controlled, managed and delivered to a strict timetable.
The deal’s stakeholders made full use of the thedocyard’s integrated deal management tools. The McKenzie Group team found that these features simplified the process of ensuring secure access to sensitive files, while significantly reducing administration time and costs. The platform’s shared space and task management tools enabled all parties – including deal advisors, legal teams and consultants – to collaborate seamlessly across time-zones thus reducing the need for calls, emails and status updates.
Stakeholders from around the world confidently adopted thedocyard’s end-to-end transaction management functionality. The acquisition was completed in December 2017 and is an example of an innovative and efficiently coordinated multi-national deal.
thedocyard was the perfect platform to allow the lawyers, accountants and clients the necessary access and relevant restrictions to get the whole process completed swiftly. Did the deal move quicker? 100% YES! The platform is so user friendly that there was no problem with people finding their way around it
Lindsay Street Partners
Deal Type - Capital Raisings
Lindsay Street Partners is a boutique corporate law firm, specialising in mid-market M&A, ECM and capital raises. Agile, innovative and modern, Lindsay Street Partners are spearheading new solutions to legal challenges.
Lindsay Street Partners required a secure, cloud-based solution that enabled them to provide innovative and agile legal services at competitive rates. Determined to see real value in the use of digital technology to improve efficiency and reduce risk, they wanted a centralised portal from which to manage multiple tasks, versions and sharing permissions, with real-time reporting and detailed audit tracking.
Team members were quick to adapt to the platform’s intuitive interface and immediately recognised the value of adopting thedocyard’s secure file sharing and workflow tools. They identified thedocyard as delivering on every requirement: a deal management platform that could be tailored to each transaction, delivered real-time status updates, secure file sharing with full version history and control, and a comprehensive audit trail.
Lindsay Street Partners has adopted thedocyard as their inhouse platform, standardising the way in which all stakeholders work together; significantly improving efficiencies and reducing their risk profile, while delivering competitive advantages to their clients by way of thedocyard’s technology and data sovereignty.
Any stakeholder within their permission level can share an update into thedocyard and it flows through to everyone else. It’s such a helpful, reassuring tool. I’d much rather be using thedocyard than any other solution right now. thedocyard offers a better way of doing things.