Litera announces that Stephenson Harwood, a top 50 UK law firm, has selected Litera as a core transaction management platform.

Litera’s platform enables legal teams to securely organize, track, and collaborate within every step of a deal. Stakeholders can create checklists, interact with and track all versions of documents needed for closing, and get real-time status updates on the deal progress.

The implementation of Litera’s solution shows Stephenson Harwood’s innovative approach towards its clients, using a consolidated approach of process, people and technology.

Tammy Samuel, partner and head of finance, Stephenson Harwood, said: “We pride ourselves on putting the evolving needs of our clients at the heart of our approach to providing legal services. Investing in Litera’s transaction management software is just one example of the ways in which we do this. The new technology will support a more efficient and smooth transaction process, allowing legal teams to collaborate in real-time while ensuring that all Conditions Precedents (CPs) are collated and tracked in a timely and cost-effective manner. It will also assist us in streamlining our post-contract process and production of transaction bibles.”

Haley Altman, Litera’s general manager of transaction management, said, “We’re excited to extend the reach of our global services by partnering with Stephenson Harwood, one of the largest and most innovative law firms in the UK. Our mission is to provide a simpler, more collaborative process for law firms and their clients at every step of the deal process.”