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Addleshaw Goddard and BRYTER Solve LIBOR Repapering Challenge
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Addleshaw Goddard and BRYTER Solve LIBOR Repapering Challenge for Virgin Money
Addleshaw Goddard and BRYTER Solve LIBOR Repapering Challenge for Virgin Money
By Team BRYTERApril 26, 2022
Virgin Money is a major financial institution with millions of customers — and, correspondingly, many legal agreements subject to LIBOR repapering regulations.
To address their need for a custom automated solution, they enlisted global law firm Addleshaw Goddard, in collaboration with BRYTER, which led to a successful repapering process for the bank in a short timeframe and under budget.
Addressing global repapering requirements
Like many major banks, Virgin Money was subject to requirements to transition business customers away from the LIBOR reference rate before the end of 2021. With approximately 4,000 commercial loans to review and 2,500 to amend, update, and send to customers for approval, the bank needed an automated solution, but nothing was available off-the-shelf that could address every need. They enlisted Addleshaw Goddard to find an answer for the challenge.
The power and flexibility of BRYTER allowed us to intelligently integrate all of the tools used in the repapering process so it could be fully automated end-to-end — enabling Virgin Money to complete the process quickly and easily.Elliot White, Head of Innovation & Legal Technology Operations at Addleshaw Goddard
Addleshaw Goddard created a solution integrating BRYTER, the no-code automation platform, with HighQ, Kira and DocuSign to lighten their customers’ administrative burden in a short time frame and within a tight budget. The team re-uploaded Virgin Money’s entire document set and applied the new technology to amend them automatically.
Mike Kennedy, Senior Manager R&D at Addleshaw Goddard, explains: “The integration of BRYTER with the other core technologies enabled us to: seamlessly perform due diligence on several hundred of the most complex loan agreements; select the right amendment letters; populate these letters with the correct information; and send amendment letters electronically to customers for approval and signing. Signed amendment letters were automatically returned to the platform and status updates were also automatically recorded and reconciled to Virgin Money’s SharePoint at the end of every working day.”
What’s next?
Michael Grupp, CEO of BRYTER, says: “Automating complex, laborious, and time-intensive manual processes like LIBOR repapering is the future of legal work, and Addleshaw Goddard and Virgin Money have embraced this mindset with their innovative new platform. It’s rewarding to see Addleshaw Goddard’s team adopt BRYTER so easily and intuitively, and use it as a key part of a solution for such a challenging process.”
Sam Spivack, Managing Director of Legal Partnerships at BRYTER, adds: “This is another fantastic example of innovation from Addleshaw Goddard. The team are always thinking outside the box, and in this case they were able to take advantage of BRYTER’s extensibility and customization capabilities to rapidly deliver this large-scale repapering project.”
Elliot White, Head of Innovation & Legal Technology Operations at Addleshaw Goddard, says: “We carefully choose the software in our technology stack to ensure it offers us the flexibility to build intelligent solutions that solve our client’s problems. The power and flexibility of BRYTER allowed us to intelligently integrate all of the tools used in the repapering process so it could be fully automated end-to-end — enabling Virgin Money to complete the process quickly and easily.”
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
About Addleshaw Goddard
Finding the smartest way to deliver the biggest impact.
The problems our clients bring us vary. But we solve them with the same, single-minded focus. We always ask: ‘What’s the smartest route to the biggest impact?’ For example:
We led the legal negotiations for VW and Ford on one of the largest strategic alliances in the world, helping to forge a new era in electric and commercial vehicles across 170 markets. Impact: $billions of new value created. We helped devise a new way for our manufacturing client to power its new factory. Impact: a plan 90% cheaper than the next best option that saved them £100 million. We combined legal expertise and A.I. to complete a lease review of a retailer’s 189-site property portfolio. Impact: we slashed the time taken by 70% and costs by 75%. We interrogated data in block-chain to resolve a cyber-currency dispute. Impact: millions of bitcoin recovered for a tech start-up.
Each year, over 3,000 leading companies and finance players around the world trust us to deliver. We help them in multiple industries and in over 90 countries. Not just once, but again and again. Many of our 47 FTSE100 clients have been with us for more than 20 years: one for 150. Tomorrow’s problems won’t be solved with yesterday’s answers. And, we believe that good business demands good legal advice. Which, ultimately, comes down to just four words. Yes. No. Stop. Go. Assuming you’d value that clarity, imagination, and impact, we’d be delighted to talk business. Your business.
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Ashurst, McLaren and BRYTER Together for a Sustainable Future
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Working Towards a Sustainable Future at the Ashurst, McLaren, and BRYTER Hackathon
Working Towards a Sustainable Future at the Ashurst, McLaren, and BRYTER Hackathon
By Team BRYTERJune 9, 2022
Global law firm Ashurst hosted its first Sustainable Futures Hackathon in May, collaborating with McLaren Racing and BRYTER.
The two-day Hackathon, held at the McLaren Technology Centre, focused on core sustainability issues, including supply chain decarbonization, decarbonization of buildings, the gathering of sustainability data, organizational carbon footprint tracking, and overall community impact.
A winning partnership
Inspired by Ashurst, McLaren and BRYTER’s commitment to building a sustainable and resilient future, teams were challenged to quickly ideate and build solutions to ESG challenges. With attendees including VMO2, the UK Government Legal Department, Balfour Beaty and McLaren as well as Ashurst partners, associates and trainees, the mix-background teams were formed to ensure diversity of thought and each was given a different sustainability problem statement to solve.
We were delighted to partner with McLaren and BRYTER for this unique event, which brought to life the power of industry collaboration and digital enablement to solve sustainability problems.Tara Waters, Partner and Chief Digital Officer at Ashurst
On the second day, pitches were made to the judging panel, comprised of Chris Georgiou, Global co-head of Ashurst Advance, Kim Wilson, Sustainability Director at McLaren Racing and Sam Spivack, Managing Director of Legal Partnerships at BRYTER. Teams were ranked based on scope of the problem, feasibility of their idea and the overall proposed solution.
An ideation session during the hackathon at the McLaren Technology Centre.
Commenting, Tara Waters, Partner and Chief Digital Officer at Ashurst said, “Sustainability and digital transformation is at the top of every organization’s boardroom and business agenda. These are really big topics that encompass a number of challenges that no one organization is likely to solve on its own. Problems this big require new approaches to problem solving and cross industry collaboration.”
“We designed the Sustainable Futures Hackathon as an event to kick-start new collaborations between Ashurst and its clients, with the shared aim of seeking technology-enabled solutions to sustainability-linked problems.”
“Studies show bringing together a range of people with diverse experience, giving them the time and space to ideate and arming them with problem solving techniques and tools leads to not just more creative solutions but ultimately more impactful outcomes. That’s why we were delighted to partner with McLaren and BRYTER for this unique event which brought to life the power of industry collaboration and digital enablement to solve sustainability problems.”
Kim Wilson, Sustainability Director at McLaren Racing said that the event stimulated innovative thinking. “Sustainability is really important to our future agenda so this was a great opportunity to demonstrate how we can ideate, collaborate and move fast at the pace of Racing to try and come up with solutions that we all need for a better society.”
“An event like this sows the seeds of ideas that going forward we can work on and turn into viable solutions,” Chris Georgiou, Global Co-Head of Ashurst Advance added. “We saw collaboration, open minds, curiosity of thinking, diversity of participants and technology as being the facilitators of making progress, and we are really looking forward to working with our partners and clients going forward to continue to develop innovative solutions to sustainable futures.“
Sam Spivack, Managing Director of Legal Partnerships at BRYTER said, “This event was a fantastic opportunity to partner with Ashurst and McLaren. We were blown away by the venue, the creativity and ingenuity of the digital solutions created by the competitors at this hackathon, and by the energy levels throughout both days.”
Team Hunt – aptly named after legendary McLaren driver James Hunt – were named winners with their concept, which focused on the decarbonization of buildings and developed a tool to enable them to make an informed and responsible decision to either re-build or retrofit, depending on an assessment criteria, that takes into account environmental, social and governance factors.
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
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Bird & Bird Wins Legal Services Award for App Built on BRYTER
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Bird & Bird Wins Future of Legal Services Large Practice Award for App Built on BRYTER
Bird & Bird Wins Future of Legal Services Large Practice Award for App Built on BRYTER
By Team BRYTERMay 5, 2022
International law firm Bird & Bird has been awarded the prestigious Future of Legal Services Large Practice Award at the 2022 Legal Innovation Awards for their SCC Generator built on BRYTER, the no-code automation platform.
Legal innovation and expertise
This SCC Generator saves time for legal counsel by automating the production of standardized repetitive data transfer agreements, so organizations can reduce human error and quickly ensure their compliance with EU Standard Contractual Clauses. The Privacy and Data Protection team at Bird & Bird worked with BRYTER to build this automated application following a workflow produced using their legal expertise.
From left to right: Gabriel Voisin, Partner, and Louise Hutt, Associate, in the Privacy and Data Protection practice at Bird & Bird; Sam Spivack, Managing Director of Legal Partnerships at BRYTER.
This is the second consecutive year that a law firm has taken home this prize for a BRYTER-built client-facing app: last year, the international law firm Ashurst won for their tool ESG Ready.
It’s been a pleasure to work together with the team at BRYTER on the development of our cutting-edge SCC Generator tool.
Gabriel Voisin, Partner in the Privacy and Data Protection practice at Bird & Bird
Sam Spivack, Managing Director of Legal Partnerships at BRYTER, says: “Congratulations to the team at Bird & Bird for their incredible achievement! We’ve had a great collaboration on this, and we were delighted to see the well-deserved recognition for their innovation in legal services. We’re excited to see what we can build together next.”
Gabriel Voisin, Partner in the Privacy and Data Protection practice at Bird & Bird, adds: “It’s been a pleasure to work together with the team at BRYTER on the development of our cutting-edge SCC Generator tool. Winning the Future of Legal Services Award is testament to what we can achieve – I look forward to working together again in the future!”
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
About Bird & Bird
Bird & Bird LLP is an international law firm which supports organisations being changed by the digital world and those leading that change. We combine exceptional legal expertise with deep industry knowledge and refreshingly creative thinking, to help clients achieve their commercial goals. We have over 1400 lawyers in 30 offices across Europe, North America, the Middle East, Asia Pacific and Africa, as well as close ties with firms in other parts of the world. If you want to find out more, www.twobirds.com.
The solution is available on Bird & Bird’s website.
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Law Firm Clifford Chance Powers Innovation Academy with BRYTER
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Global Law Firm Clifford Chance Powers Second Innovation Academy with BRYTER
Global Law Firm Clifford Chance Powers Second Innovation Academy with BRYTER
By Team BRYTERJune 28, 2022
Following the success of the original Innovation Academy, global law firm Clifford Chance together with BRYTER have just completed the training of a second cohort of professionals on ideation, solution design, and prototyping.
Running from February to May, the program provided lawyers and other professionals across multiple practice areas with skills and experience to identify challenges and their solutions using design thinking and low-code development.
Innovation in action
Innovation is central to Clifford Chance’s culture and their commitment to clients means they are reshaping services around clients’ evolving needs. Last year, the firm launched its global Research and Development (R&D) hub, a function dedicated to discovering the future of legal services through research, education, collaboration, and development.
The R&D team, together with the firm’s global innovation lab, Create+65, is preparing lawyers and professionals to think differently about the delivery of legal services and helping to create services which continue to add value beyond our legal expertise. One of the ways they are doing that is through the Innovation Academy training program which is delivered together with BRYTER no-code platform.
Building on BRYTER
The BRYTER no-code app builder empowers law firms to develop and deploy self-service apps and significantly reduces development efforts for building prototypes as part of the client conversation. With its intuitive interface, the platform allows users to easily understand automation principles and create apps that instantly demonstrate value.
BRYTER provides us with a platform that allows our people to experience no-code automation as part of their skills development.
April Brousseau, Director of Research & Development at Clifford Chance
BRYTER-built tools to help law firms meet the growing client demand for technology-enabled solutions that automate standardizable aspects of legal services. BRYTER enables customers to efficiently serve their clients with bespoke build, market-leading digital products.
Sam Spivack, Managing Director of Legal Partnerships at BRYTER, says: “We very much enjoyed working collaboratively with Clifford Chance on this round of the Innovation Academy, and introducing more of their lawyers to solution design using no-code automation. Core to the success of these Academies has been, first, the focus on the client problems, and then the intuitiveness of BRYTER comes in, empowering their lawyers to develop prototypes addressing these problems.”
April Brousseau, Director of Research & Development at Clifford Chance, says: “Innovation in the delivery of legal services is a core priority for Clifford Chance and one of the ways we invest in that is by providing our lawyers and professionals with solution design and development skills that complement their legal and other professional expertise. BRYTER provides us with a platform that allows our people to experience no-code automation as part of their skills development.”
Joanne Chuang, Create+65 Innovation Lead at Clifford Chance, says: “We receive great feedback from the lawyers and professionals who engage in our Innovation Academy about the ways in which the program influences their approach to problem solving. We are consistently impressed by the quality of prototypes they build using the BRYTER platform.”
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
About Clifford Chance
Clifford Chance is one of the world’s pre-eminent law firms with significant depth and range of resources across five continents. As a single, fully integrated, global partnership, the firm prides itself in its approachable, collegiate and team based way of working. The firm always strives to exceed the expectations of its clients, which include corporates from all the commercial and industrial sectors, governments, regulators, trade bodies and not for profit organisations. Clifford Chance provides its clients with the highest quality advice and legal insight, which combines the firm’s global standards with in-depth local expertise.
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BRYTER Partners with DLA Piper to Drive Radical Change - BRYTER
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BRYTER Partners with DLA Piper to Drive Radical Change
BRYTER Partners with DLA Piper to Drive Radical Change
By Team BRYTERApril 12, 2022
BRYTER, the no-code automation platform, announces its partnership with global law firm DLA Piper as part of the firm’s Radical Change Programme, which embraces innovation and new technologies that advances its traditional structure and expectations as a law firm.
Empowering lawyers globally to create innovative client solutions
BRYTER, through its intuitive and easy-to-use no-code platform, empowers fee-earners to build self-service apps themselves without any programming experience. The simple “point and click” visual editor enables legal and regulatory experts to visualize workflows, and design and prototype client solutions, significantly reducing development efforts.
We’re on a journey with BRYTER: we know that tomorrow’s lawyer, and tomorrow’s client, will be very different.Charlotte Johnstone, Change Driver at DLA Piper
Adopting this tool gives all fee-earners across all practice areas the power to deliver innovative client solutions themselves. DLA Piper’s team is using the technology to encourage the development of skillsets and knowledge that can enhance the value they offer clients, and to prepare the next generation of lawyers for the law firm of the future. BRYTER empowers DLA Piper’s lawyers to get first-hand experience with turning their ideas into powerful digital solutions, and enables them to learn, experiment, and be creative — ultimately equipping them to provide the best service to their clients.
Getting down to the business of building
DLA Piper’s approach to new service offerings is heavily rooted in its clients: the firm partners with customers as consultants to co-create the solutions they need, and they have wasted no time in building and launching client applications with BRYTER.
Last month, the firm launched a Diversity and Inclusion index, a tool to assist organizations in identifying the key areas of focus for the social aspects of their ESG framework which takes only a few minutes and generates a report that can be used for benchmarking. DLA Piper is also currently developing further products in its litigation and pro bono teams as well as gathering much broader interest across the firm.
Michael Grupp, CEO of BRYTER, says: “We are thrilled to be working with DLA Piper, which has innovation as part of its DNA, and which has clearly set out to achieve radical change in order to deliver value for its clients. Within months of first using BRYTER, the team has already launched its first client application, and we’re looking forward to seeing many more innovative solutions emerge from a range of practice areas.”
Charlotte Johnstone, Change Driver at DLA Piper, says: “We’re on a journey with BRYTER. We understand that tomorrow’s lawyer and tomorrow’s client will be very different from how they look today. Future lawyers are looking to enhance their skillsets, and our clients’ needs have evolved and will keep evolving. Using BRYTER as part of our innovation drive addresses both issues at once. It offers our lawyers another skill to master that will serve them in their careers and it empowers our clients to co-create solutions with us.”
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
About DLA Piper
DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.
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Hellmann Logistics: A People-Centric Approach to Compliance
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Warehouse Workers Before Regulators: Hellmann Logistics’ People-Centric Approach to Compliance
Warehouse Workers Before Regulators: Hellmann Logistics’ People-Centric Approach to Compliance
By Team BRYTERSeptember 13, 2022
Hellmann Logistics takes a people-centric approach to innovating within their compliance program using BRYTER.
What happens when you design a compliance program with employees front of mind, ahead of regulators? In short, more people know about and comply with policies, reducing company risk and giving compliance teams confidence in the strength of their programs.
Dominik Waszczynski is Head of Global Compliance at Hellmann Worldwide Logistics, an international freight and logistics company active in over 160 countries with over 13,000 employees. The organization’s global footprint presents a challenge when it comes to designing a compliance program to address everything from anti-bribery and anti-fraud to trade compliance. While many compliance teams might solely look to regulators when designing such a program, Dominik and Hellmann put the employee experience first, knowing that if people know about company policies, and can easily follow them, then compliance and risk reduction will result naturally.
To achieve this goal, Hellmann used BRYTER, a platform that allows legal and compliance experts to create digital tools and automated workflows without coding. The platform has been adopted not just by Hellmann’s compliance department, but also by the legal department. Here, we speak with Dominik about what the compliance department built, why they built it, and the impact it has had on the company.
A whistleblower hotline made for the people who need to use it
As a qualified lawyer with an extensive background in regulatory matters, Dominik Waszczynski commands a clear understanding of whistleblower regulations. But he also understands something equally important: how emotionally and psychologically difficult it is for a whistleblower to come forward and report an issue.
In a whistleblowing scenario, it’s important for the employee to feel safe and to have control over the information they present, including anonymity when they desire it. At the same time, it’s also important for the compliance department to have as much visibility into the process and the claims presented as possible. There can be no blind spots. That’s why when creating the company’s centralized compliance program, Dominik made sure there was an embedded whistleblower hotline that was highly visible, highly accessible, and easy to use for both the whistleblower and the compliance department.
Choosing the right software for the job
“We were looking for whistleblower hotline software with two primary requirements in mind — it had to be fully customizable to our company’s processes and it had to be a great experience for the end user. Both of these things were critical for us to achieve our goal of having a hotline that was accessible, easy to use, and effective. We evaluated around 10 point solutions — software specifically designed for a whistleblower use case — and none of them met our needs. They were all very expensive, said the things we wanted to do were not possible, and had poor or limited customer support,” Dominik explained.
“We chose BRYTER because it has such broad functionality and is designed specifically for legal and compliance. We can use it to create digital solutions customized to our own policies and processes, and build for a range of use cases rather than only one. BRYTER is like a Swiss Army Knife; you can use it to digitize anything.”
The whistleblower hotline: How it works and gives the compliance team confidence
“Our previous whistleblowing process, while meeting regulatory requirements, was not as easy to find or easy to use. This meant fewer issues were reported,” Dominik told us.
“Using BRYTER, we built a new whistleblower hotline which is incredibly easy to use and can be accessed from anywhere, and on any device, including mobile. The tool can be easily used by everyone – from our staff in warehouses to regional sales teams.”
Hellmann’s Whistleblower Tool is available to all employees, easily accessed from any device via the company’s intranet.
With the new tool in place, we asked if engagement had increased — if more people across the organization were actually using it.
“It’s a huge leap,” Dominik responded. “Because the tool is so accessible, we have seen a major increase in the number of issues reported. Of course, many of these issues are minor and require no further action, but the increased usage gives us confidence and clarity. We are confident that we have the full picture, and that everyone knows how to report an issue. Therefore, if there are no issues, this is truly an accurate picture, rather than a problem with detection. With our tool built on BRYTER, we can communicate with whistleblowers effectively and we have full documentation for the report and follow-up.”
Throughout our conversation, Dominik emphasized ease of use. After all, what good is a tool if no one is using it?
“For a whistleblower hotline to be effective, it must be accessible and easy to use. The tool we built with BRYTER is just that. In the first five seconds of opening the tool, the user must be guided and encouraged to proceed with reporting their issue. You cannot create barriers, for example, due to lengthy and complicated or irrelevant questions. We ensured that the hotline was easily accessible by making it available virtually everywhere, including on mobile devices, and we marketed it extensively internally: The tool is included in flyers, posters, in our newsletter, on our intranet, and in management training.”
The Whistleblower Tool guides users step-by-step through their process, asking only questions relevant to their issue, so they can create a report efficiently and with confidence.
For a whistleblower hotline to be effective, it must be accessible and easy to use. The tool we built with BRYTER is just that.
As advanced as the tool is, its place in Hellmann Worldwide Logistics’ compliance program is built on a foundational principle of compliance management.
Dominik explained, “The core pillars of any compliance management program are to prevent, detect and respond. In order to identify and remediate any shortcomings, you must have an effective system of detection. Our whistleblower hotline built with BRYTER is one of the core pieces of our compliance management program when it comes to detection.”
When a report has been submitted, the appropriate person on Hellmann’s compliance team is automatically notified.
What’s next for compliance at Hellmann Worldwide Logistics
In continuing to make it as easy as possible for employees to comply with company policies, Hellmann is now automating the company’s gift and hospitality policy. “By turning a static document into a living digital document, we are making it easier for people to comply with our gift and hospitality policy, and we give our teams the confidence to know that any client interactions they have are safe and compliant,” explained Dominik.
Elaborating on his philosophy as Head of Global Compliance, Dominik shared, “Transparency and documentation are at the core of any good compliance program,” but what sets Hellmann’s compliance department apart from so many others is their focus on the end user: the warehouse worker, not just the regulator. “We design our programs with the users — the people in our company — front of mind. We prioritize that people actually use our tools so that we can be sure we have increased the flow of information, we’ve raised the quality level of our reporting, and we’ve gained the confidence to know the house is clean and we can rely on our programs.”
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Hogan Lovells: The Future of Legal Service Delivery is Here | BRYTER
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How Hogan Lovells launched their German Foreign Investment Tool as a one-stop shop in M&A deals.
The firm’s latest product, The German Foreign Investment Tool, will help companies identify whether an international deal would trigger German legal requirements. The original idea came from a legal tech hackathon organized by BRYTER in 2018. Their newest tool is a “one-stop-shop to ease the screening process by allowing both parties in the M&A deal to quickly and easily determine if they require regulatory approval in German.”
Hogan Lovells’ German Foreign Investment Tool
Using BRYTER, Hogan Lovells was able to quickly build a prototype and fine-tune the tool which is designed to be easily adaptable to account for any FDI regulations change, while providing the best client experience. Mark Brennan, Hogan Lovells’ Lead Innovation Partner, said: “The new Guide is incredibly helpful and easy-to-use – we are so excited to be providing this tool for our clients.”
“The German Foreign Investment Control Guide built by Hogan Lovells on BRYTER is an excellent example of a law firm taking an innovative, client-centric approach to delivering legal services, enabling the firm to better serve its global client base,” added Micha-Manuel Bues, Co-Founder and CCO of BRYTER.
Hogan Lovells’ innovative approach to client service shows that the future of legal service delivery is already here. “Lawyers in the antitrust team at Hogan Lovells were able to easily collaborate with the innovation team to build, test, and launch a product that reflects their market-leading advice” said Micha-Manuel Bues.
Hogan Lovells’ lawyers and innovation team create market-leading synergy to develop digital legal tools, many of which are built on BRYTER. You can read more about the ways Hogan Lovells uses BRYTER here. If you’d like to try BRYTER for yourself, you can book a guided demo or start a free trial today.
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Ashurst, McLaren and BRYTER Together for a Sustainable Future
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Working Towards a Sustainable Future at the Ashurst, McLaren, and BRYTER Hackathon
Working Towards a Sustainable Future at the Ashurst, McLaren, and BRYTER Hackathon
By Team BRYTERJune 9, 2022
Global law firm Ashurst hosted its first Sustainable Futures Hackathon in May, collaborating with McLaren Racing and BRYTER.
The two-day Hackathon, held at the McLaren Technology Centre, focused on core sustainability issues, including supply chain decarbonization, decarbonization of buildings, the gathering of sustainability data, organizational carbon footprint tracking, and overall community impact.
A winning partnership
Inspired by Ashurst, McLaren and BRYTER’s commitment to building a sustainable and resilient future, teams were challenged to quickly ideate and build solutions to ESG challenges. With attendees including VMO2, the UK Government Legal Department, Balfour Beaty and McLaren as well as Ashurst partners, associates and trainees, the mix-background teams were formed to ensure diversity of thought and each was given a different sustainability problem statement to solve.
We were delighted to partner with McLaren and BRYTER for this unique event, which brought to life the power of industry collaboration and digital enablement to solve sustainability problems.Tara Waters, Partner and Chief Digital Officer at Ashurst
On the second day, pitches were made to the judging panel, comprised of Chris Georgiou, Global co-head of Ashurst Advance, Kim Wilson, Sustainability Director at McLaren Racing and Sam Spivack, Managing Director of Legal Partnerships at BRYTER. Teams were ranked based on scope of the problem, feasibility of their idea and the overall proposed solution.
An ideation session during the hackathon at the McLaren Technology Centre.
Commenting, Tara Waters, Partner and Chief Digital Officer at Ashurst said, “Sustainability and digital transformation is at the top of every organization’s boardroom and business agenda. These are really big topics that encompass a number of challenges that no one organization is likely to solve on its own. Problems this big require new approaches to problem solving and cross industry collaboration.”
“We designed the Sustainable Futures Hackathon as an event to kick-start new collaborations between Ashurst and its clients, with the shared aim of seeking technology-enabled solutions to sustainability-linked problems.”
“Studies show bringing together a range of people with diverse experience, giving them the time and space to ideate and arming them with problem solving techniques and tools leads to not just more creative solutions but ultimately more impactful outcomes. That’s why we were delighted to partner with McLaren and BRYTER for this unique event which brought to life the power of industry collaboration and digital enablement to solve sustainability problems.”
Kim Wilson, Sustainability Director at McLaren Racing said that the event stimulated innovative thinking. “Sustainability is really important to our future agenda so this was a great opportunity to demonstrate how we can ideate, collaborate and move fast at the pace of Racing to try and come up with solutions that we all need for a better society.”
“An event like this sows the seeds of ideas that going forward we can work on and turn into viable solutions,” Chris Georgiou, Global Co-Head of Ashurst Advance added. “We saw collaboration, open minds, curiosity of thinking, diversity of participants and technology as being the facilitators of making progress, and we are really looking forward to working with our partners and clients going forward to continue to develop innovative solutions to sustainable futures.“
Sam Spivack, Managing Director of Legal Partnerships at BRYTER said, “This event was a fantastic opportunity to partner with Ashurst and McLaren. We were blown away by the venue, the creativity and ingenuity of the digital solutions created by the competitors at this hackathon, and by the energy levels throughout both days.”
Team Hunt – aptly named after legendary McLaren driver James Hunt – were named winners with their concept, which focused on the decarbonization of buildings and developed a tool to enable them to make an informed and responsible decision to either re-build or retrofit, depending on an assessment criteria, that takes into account environmental, social and governance factors.
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
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Simmons & Simmons Makes ESG Regulations Transparent with BRYTER
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Simmons & Simmons Makes ESG Regulations Transparent with BRYTER
Simmons & Simmons Makes ESG Regulations Transparent with BRYTER
By Team BRYTERMarch 7, 2022
We speak with leading law firm Simmons & Simmons about how they innovated to provide clients with digital, on-demand ESG guidance.
Simmons & Simmons is a law firm based in London with 22 offices worldwide and over 1,500 employees. They have a reputation for innovation, as recognized in the European Financial Times Innovative Lawyer Awards in 2021.
Most recently, they have used their technological prowess to address their clients’ needs for clarity around ESG regulations. By creating their own digital tool, they are able to assess which ESG categories investments fall into and provide clients with guidance on-demand.
Clarifying the SFDR
In 2021, the European Union adopted the Sustainable Finance Disclosure Regulation (SFDR), with the aim of standardizing language and labels for sustainable investment products for the sake of transparency, and to reduce “greenwashing”. These new requirements drove substantial changes to corporate investment processes and disclosures, and navigating these changes often fell to Simmons and Simmons as a trusted advisor.
Sabrina Schwiebert, Supervising Associate, explained: “It is just a lot. It is difficult for our clients to cut a path through the jungle of new ESG regulations and legislation. There are lots of pieces that tie together.”
Introducing ESG Conquest
Beginning by analyzing client needs, the team found opportunities to provide ESG services, like an offering to help asset managers categorize investment funds and fulfill pre-contractual, reporting, and website disclosure requirements.
Recognizing that helping clients decipher ESG requirements and frameworks manually would be too time-consuming and difficult to scale, Simmons and Simmons decided to use BRYTER to build a technology solution named ESG Conquest. The tool guides asset managers through a series of questions, then delivers a preliminary assessment of the category their investments fall into. With the knowledge of where these investments are categorized, the tool then provides guidance on how the client might qualify the product under a different ESG category. “In short, it’s a simple, actionable gap analysis,” explains Sabrina.
Empowering subject matter experts
While Simmons & Simmons is a leader in the adoption of legal technology, the manner of delivery for ESG Conquest was different, with lawyers and subject matter experts building the tool themselves. A better client experience is at the very heart of what Simmons & Simmons wants to achieve, and BRYTER no-code platform allows teams to create agile, powerful tools that can be updated as regulations change, without involving IT. Instead, lawyers can directly create and modify tools themselves with a visual, no-code interface.
The tools we built on BRYTER are client- and developer-friendly. In my opinion, this is the way we need to develop and deliver digital solutions in the 21st century.Alkan Dogan, Innovation Manager at Simmons & Simmons
Innovation Manager Alkan Dogan is responsible for driving the use of best-in-class tech tools at Simmons & Simmons. He tells us, “BRYTER stands out through its user-friendliness. This does not only apply to the back-end, but also for users in the front-end: our clients.”Sabrina agreed, “As a lawyer, it was very easy for me to get started with BRYTER as a first experience in the field of legal engineering.”
The future of legal tech
BRYTER’s appeal isn’t just ease of use, but also what it makes possible. Alkan added: “Without BRYTER, we would not have been able to build an ESG solution for our clients. ESQ Conquest is a very complicated solution, and it led to a large decision tree, containing multiple logical complexities. To realize our vision of this tool, the features and capabilities of BRYTER offered the perfect match. The tools we built on BRYTER are client- and developer-friendly. In my opinion, this is the way we need to develop and deliver digital solutions in the 21st century.”
While ESG Conquest is a complex proposition, with a large decision tree dictating categorizations and advice, and deep logical complexity underlying each of those options, its delivery by the Simmons & Simmons legal team ensured that this complex nuance was reflected in the tool.
The firm will continue to use BRYTER to innovate and help clients conquer changing regulations. “If you used BRYTER to build something once, you will be able to do it again,” Alkan said. “Once you’ve learned it, you can replicate that experience over and over again. That is what makes it such a valuable tool for us. It’s easier to enable our colleagues to think of use cases that could be built on BRYTER, and also build it themselves, that is clearly the beauty of BRYTER.”
To try BRYTER yourself, request a personalized demo. Otherwise, discover our ESG Investment Check and ESG Disclosure Regulation Guide use cases.
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Trowers & Hamlins and BRYTER Hackathon Winners Support Responsible Business with New Prototype Apps
Trowers & Hamlins and BRYTER Hackathon Winners Support Responsible Business with New Prototype Apps
By Team BRYTERJuly 11, 2022
Trowers & Hamlins has completed its series of summer vacation schemes, which featured legal hackathons using the BRYTER no-code automation platform.
The vacation scheme students focused on building prototype apps for responsible business using BRYTER in two sessions on June 24 and July 8.
This is the second consecutive year the firm has hosted a hackathon for students with BRYTER, following the hugely successful feedback to last year’s hackathon, which focused on digital innovation and delivering efficiency using no-code technology.
Creativity, business sense, and teamwork
For the next generation of lawyers to succeed, they will need to embrace legal technology. Trowers invests in comprehensive training, focusing on a mixture of business skills and hands-on experience using legal technology to equip its lawyers to create scalable digital client solutions and to innovate processes to reduce manual tasks.
These hackathons provided an opportunity for summer scheme students to demonstrate their creative thinking skills and teamwork. For students who are also new to the business of law, the hackathon also encouraged them to think about how they would create solutions for clients and deliver value efficiently.
“Part of the skillset of future lawyers is digital competency, and hackathons give our vacation scheme students the opportunity to get hands-on experience with user-friendly tools like BRYTER.”Anna Browne, Head of Innovation and Legal Technology at Trowers & Hamlins
As a powerful but user-friendly point-and-click platform, BRYTER allows students to quickly create functional apps, turning their ideas into automated legal workflows. The 25 participants on each day were split into 5 teams to build prototype solutions. Following 2.5 hours of training, students were equipped with the skills to begin building their apps on BRYTER.
Reaching responsible business goals
With the growing prioritisation of responsible business practices, the challenge statement for the hackathon asked participants to consider how they can provide ESG solutions to clients that can be embedded into their strategy and help them achieve their responsible business goals.
Responsible business is a priority for Trowers, who are helping organisations across sectors globally do this by offering specialist advice and expertise for clients to adapt how they operate and to ensure that they have the flexibility, strength and resilience to thrive now and in the future. Trowers help clients to mitigate their ESG risk by identifying where their business going to be exposed, where they are behind competitors and the potential regulatory or market shifts that are going to be impacting their business.
Judges and facilitators
The events were judged by Tim Nye, Corporate Partner – Head of Section and Innovation Sponsor; Richard Elson, Director of Information Services; Janet Scoones, Director of Information and Knowledge Management; and Sam Haines-Nutt, Head of Bids.
The solutions were evaluated based on originality; how well the idea responded to the challenge statement; the quality of the presentation and build/end product; the utility of the use case (in terms of how well it solves a business need); and the commerciality of the created App.
Awards and recognitions
The winning team from the first event created an ‘ESG Readiness Tracker’: Alina Kazmi (Ideator), Benjamin Forbes (Presenter), Alice Spencer (Builder), Emily Williams (Ideator), and Zoha Akram (Presenter) created a solution focusing on how businesses could reduce energy use and formulate contingency plans to tackle climate change and energy generation and procurement. Within the no-code solution they built, the tracker would give an initial rating for clients, along with suggestions for improvement, and offer a time and cost-efficient solution.
The winning team for the second event created the Trowers’ TREE (Trowers’ Reduction by an Environmental Evaluation): Samuel Hopkins (Ideator, Presenter), Tara Reeves (Ideator, Builder), Shannon McRoberts (Ideator, Presenter), Tabassum Bashir (Ideator, Builder), and Ted Bennett-Cronk (Ideator, Builder) created a tool to aid clients who manage commercial loans, to collate data regarding their potential customers’ environmental standards by considering a variety of relevant measures.
The Trowers’ TREE: The app created by the winning team in the second hackathon.
For the first hackathon, Paul Whittington (Ideator, Builder) and Ross Castle (Ideator) won the Outstanding Individuals awards for their excellent teamwork and collaboration, and the Best Build was won by Natalia Zielinska (Builder) for her quick execution of the build.
For the second hackathon, Charlotte Tucker (Builder, Presenter) and Kuran Phull (Ideator, Presenter) won the Outstanding Individual awards for their contribution to their teams; the Best Build was awarded to Georgina Oates (Ideator, Builder).
Anna Browne, Head of Innovation and Legal Technology at Trowers & Hamlins, says: “An increasing part of the skillset of future lawyers is digital competency and the hackathon gives our vacation scheme students the opportunity to get hands on experience using user friendly tools like BRYTER to showcase their skills. We have been really impressed by the commerciality of the client centric ideas that are coming through from our future trainees.”
Sam Spivack, Managing Director of Legal Partnerships at BRYTER, says: “We’re pleased to partner with Trowers & Hamlins again to train their summer vacation scheme students to think differently and approach problem solving using our no-code technology. Trowers & Hamlins are investing heavily in innovation and legal technology and this hackathon demonstrates that Trowers & Hamlins are on the front foot when it comes to attracting new talent and digitally upskilling its future lawyers. We have been impressed by the originality and quality of the solutions and pleased with the speed by which the participants have used our platform. We’re looking forward to working with the firm on more opportunities like this one soon.”
Enquiries to: communications@bryter.io
About BRYTER
BRYTER is the no-code app builder that enables business experts to build digital apps. BRYTER gives enterprise teams the tools to build digital applications to provide faster, more accurate services to their colleagues, without programming. BRYTER is especially geared to professionals in law, compliance, accounting and finance, who use workflow automation and no-code to streamline complex, recurring decisions and scenarios. Global brands from consumer industries (McDonald’s), through financial services (ING Banking Group) to professional service firms (Deloitte, PwC and KPMG), use BRYTER to deliver services digitally. BRYTER is a remote-first company with offices in New York, Boston, London, Paris, Frankfurt and Berlin. www.bryter.com
About Trowers
Trowers & Hamlins is a top-40 UK law firm well known for its eclectic mix of specialisations combining sector leadership in the UK and across the Middle East. With over 160 partners and more than 1000 people located across the UK, Middle East and Far East, we have nine offices located in Abu Dhabi, Bahrain, Birmingham, Dubai, Exeter, London, Malaysia, Manchester, Oman and a dedicated Korea desk. We are well known for being experts in the real estate sector, and have thriving commercial, social housing, banking and finance, private wealth, employment and care practices, in addition to specialist practices such as planning, tax, pensions, and environment.
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