A technology and innovation business, Zeren, has been launched by Chapman Tripp this week.
The firm says Zeren delivers legal documentation and advice in new ways to reduce cost and save time and it enables legal teams and other business users to “self-serve” legal advice through the cloud.
“Technology is changing the delivery of legal and other business services globally, and this – along with globalisation and competition – means lawyers’ time is transforming into legal products and online services,” says Chapman Tripp technology partner, and head of Zeren, Bruce McClintock (right).
Clients automatically generate legal documents by filling out dynamic, web-based forms created from their existing legal and business templates, or from Chapman Tripp’s. This process includes workflows to trigger internal reviews and approvals or to connect with external stakeholders. Clients can store their documents, as well as capture the data they contain, to improve activities such as contract management, risk management and other business processes.
The firm says this means businesses can produce and access various legal documents – from legal contracts and letters to other advice – faster, with greater accuracy and reduced cost.
“As an example, one of our banking clients has used Zeren to automate its customer facing lending variation letters,” says Tim Sherman, projects lead for Zeren and incoming senior associate at Chapman Tripp.
“With a refreshed and newly automated template, they now generate thousands of letters a month, which are more customer-friendly and better set up for legal compliance than ever before.”
Zeren also gives clients access to artificial intelligence and machine learning technology to speed up large scale document reviews, such as M&A due diligence. Zeren and Chapman Tripp’s AI service, Luminance clusters and classifies data in a way that project teams can immediately prioritise their review.