A firm belief in efficiency at Travers Smith
Aaron Smith , Head of Funds at Travers Smith
“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.”
I am now actively encouraging other people within my firm to use Scribestar because it saves so much time. We used Scribestar and the team didn't have to do any major 'all night’ sessions
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.