Today's News |
Fasken Partners with Vancouver-based Technology Platform Developer Walter to Automate Legal Processes for Canadian Startups
Wednesday, April 17, 2024Company Profile | Follow Company
The collaboration between Fasken and Walter is a strategic investment in the future of startups
Vancouver, BC, April 17, 2024--(T-Net)--Fasken announced today that it has partnered with Vancouver-based Walter (formerly Minutebook), developers of a leading legal technology platform, in a significant move that will enhance the Canadian startup ecosystem.
The strategic partnership through the Firm's market-leading Emerging Technology and Venture Capital group, will enable Walter to automate a significant portion of the early stage legal services delivered by Fasken to their emerging technology clients within Walter's collaborative vertical system of record and document automation toolchain.
Startups working with Fasken will now have self-serve access to their legal data, similar to the revolution of online banking where the client could access and interact with their records inside the bank's systems, a revolutionary step away from traditional practices where client information was held exclusively by law firms.
This unprecedented transparency and empowerment saves startups invaluable time and resources, particularly by eliminating the need for additional software to manage their cap table or employee incentive plan. Legal processes such as incorporation, drafting and corporate maintenance resolutions are now largely automated in Walter's collaborative vertical system of record.
Fasken says it will use the Walter platform to better serve startups across Canada, modernizing legal service delivery and ensuring unparalleled efficiency and access to legal data. This partnership puts Fasken at the forefront as the only firm in the country to automate its early stage legal services with Walter's system.
This collaboration is set to modernize legal service delivery for Fasken startups, streamlining legal processes, and ensuring unparalleled efficiency and access to legal data, according to the firms.
Will Shaw, a Partner and Co-Leader of the Fasken Emerging Tech practice (Photo Credit: Fasken)
"Fasken is thrilled to collaborate with Walter in what we consider a milestone achievement in legal tech innovation," said Will Shaw, a Partner and Co-Leader of the Fasken Emerging Tech practice. "By focusing on automating early stage legal services, we're not just simplifying these essential processes but also ensuring startups can allocate their resources more effectively, focusing on what they do best: innovating and growing their businesses. The revolution driven by AI is still in the early stages, but this is a major step by one of Canada's largest law firms to bring AI into our core legal processes."
"Our goal has been to build the tools we wish we had as founders, lawyers and investors to focus our efforts on the highest value activities," said Ryan Wilson, CEO of Walter. "By integrating Walter's advanced document automation capabilities with Fasken's legal expertise, we are setting a new industry standard for efficiency. Startups and their trusted advisors at Fasken now have a powerful tool at their disposal to significantly reduce the time spent on administrative record keeping, enabling them to be due-diligence ready at any time."
Walter's partnerships with Microsoft, Docusign, iManage, Amazon Web Services and other key technology partners enables lawyers to work with existing tools they are familiar with such as Microsoft Word rather than proprietary tools, freeing them from vendor lock-in and ensuring document creation, signing, and management are automated inside of their existing technology investments. With ISO 27001 and SOC II certified infrastructure Walter provides a platform that meets the highest standards of cyber security and data residency.
The collaboration between Fasken and Walter is more than a convenience; it's a strategic investment in the future of startups. This innovative approach leverages Walter's state-of-the-art technology to automate the creation and management of essential legal documents, drastically reducing the time and potential for erroring time and money.
By automating foundational legal processes, the Firm's startup clients will be better positioned to navigate their initial stages with confidence, knowing that their legal groundwork is solid, streamlined, and cost-effective, according to the firm.
----------------------------------------
Editor's Note: See Vancouver-based Walter's full related press release on the new partnership with Fasken here.
----------------------------------------
About Fasken's Emerging Technology Group
Fasken is deeply involved in the emerging technology ecosystem, collaborating closely with startup founders from inception to exit for over 30 years. We are the leading Canadian law firm for VC financings and tech M&A and act for best-in-class startup and scale up innovation-based companies. Our holistic approach ensures that clients receive tailored legal support and industry insight to help them achieve their goals at every stage of their journey.
About Fasken
As a premier law firm with over 950 lawyers worldwide, Fasken is where excellence meets expertise. We are dedicated to shaping the future our clients want, precisely when it matters most.
Company Snapshot |
||
Vancouver, BC (Non-Tech Sectors)
|