London Stock Exchange interview with William Belcher, Partner at Taylor Wessing LLP on using ScribeStar for Listed funds and IPOs
London, 09 March 2021
A firm belief in efficiency at Travers Smith
Aaron Stocks, Head of Funds at Travers Smith
I’d encourage all Law Firms to take a look at the platform,” having seen the big-time saving for the Lawyers on this transaction, who would otherwise regularly be chasing a huge amount of comments.” It materially improved WIP recovery ratios for the lawyers in this transaction based on a direct comparison to previous raises where Scribestar was not used.
ScribeStar was introduced to me through the preparation of our Listing documents and Prospectus. The system worked seamlessly with parties from several firms all interacting in the live environment when we had to move at speed but with accuracy being critical. Since then, we have introduced ScribeStar to the business and thanks to its controlled collaboration feature and versioning controls have so far successfully used it for HR Contracts and the preparation of Board papers.
“ScribeStar can pick up where something hasn’t been verified following any change, and again update automatically. If information is moved around, it keeps the evidence linked to it. At the end, it produces a full set of verification notes, including the verification materials.“
With ScribeStar, we improved productivity 20% to 25%. I think Scribestar could become the standard in the market.
ScribeStar brought structure and efficiencies to this process with its demanding timelines. With only one version of the draft Prospectus document to work from, updates and reviews were completed faster, ensuring submission deadlines were met.
I can definitely see from working on subsequent deals (using Word), the time and efficiency savings from using Scribestar.
The ability to edit and turn a document within a few seconds makes Scribestar invaluable. A well thought out, effectively designed tool which makes document preparation that much easier.
“Different teams can be completing different tasks at the same time, all on one ‘master’ version of the document. There’s no risk of losing something entered earlier.”