SCALE - Fee Letter Automation

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  Website Homepage

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  Login Page for Lawyers

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  List of All Transactions in the User's Account

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  Law Firm Can Customize Questions to Automate Input of Information Into The Contract

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  Law Firm Creates a Unique Identifier Code for Each Transaction

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  Banks Answer Lawyers' Questions to Automate Input of Information

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  Banks Can Input Information Into The Fee Letter (e.g. Bank Account Details)

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  Both Parties Can Review Blocks of The Fee Letter Before Finalizing

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  Finalized Fee Letter Downloaded in PDF Form

Virtually every debt capital market transaction involves various fees which are payable by the borrowers to the banks, including administrative fees for syndicating the loan, drawdown fees, and more. These fees are paid to the various banks in a syndicate based on their contributed proportions to the loan, and documented in Fee Letters.

Structuring a deal is difficult enough, billing the customer shouldn’t be. Our website automates this mundane task of filling in Fee Letters by (a) creating a customisable question flow which requests the necessary information from users, (b) automatically inputting this information into the desired Letter template, and finally (c) generating a Fee Letter which can be reviewed on our platform itself. Allowing lawyers and banks to draft, review, and amend their Fee Letters within our platform, without having to bounce documents back-and-forth via email, creates a seamless experience for lawyer and client and overall increases efficiency and accuracy. Further, creating a structured flow of filling up the Fee Letter ensures that no details or fees are missed out by the drafters.

Additionally, our website tackles the issue of information asymmetry and the human error of inputting wrong information. Our website empowers banks to fill in their own sensitive information, for example, fees and bank account details. This reduces the instances where information must first be relayed to external counsel before being input into the Letter, subsequently reducing the risk of lawyers uploading the wrong information. By ensuring that lawyers must log-in to an account and banks must have a unique identifier code to access their documents, this prevents accidental access of sensitive Letters by competitors.

In sum, our website aims to take away the administrative challenges of drafting standard-form Fee Letters in order to increase parties’ capacities to work on more meaningful processes.

Built With

• firebase
• flutter