OnRamp collaboration services
Paul Lippe | Jan 5, 2014
We’re moving into a new era in Law: call it Legal-By-Design http://www.abajournal.com/legalrebels/new_normal/

We need to be able to:
  • Manage greater complexity
  • Reduce costs
  • Collaborate across the legal team and with clients
  • Connect law schools with clients
  • Stop re-inventing the wheel
OnRamp can help you get there, by integrating Technology, Process and People. Our DNA is with the most innovative legal departments in Silicon Valley, but we understand it’s not just technology – it’s about helping you manage change. http://www.huffingtonpost.com/paul-lippe/lawyers-anthropologists-a_b_422613.html Starting with the largest, most complex projects and then catalyzing ongoing process improvements for your team. ...
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Riverview Law partners with US tech pioneer Legal OnRamp to deliver ground-breaking services to global banks

Mon, January 06, 2014

Riverview Law, the fixed-priced legal services business, has teamed up with US legal technology leader Legal OnRamp to enable banks to comply cost-effectively with complex regulatory requirements such as Recovery and Resolution Plans (RRP).

Major banks in the UK, US and Europe are now required to put in place RRPs - called 'living wills' - to ensure safe re-organisation in the event of financial trouble. The living will must include a wide range of information, including contractual obligations across the entire organisation. In addition, a number of banks will face similar requirements in relation to 'ring-fencing' areas of their activities.

This Riverview Law/Legal OnRamp combined service and technology platform is already being used by one global financial institution as it prepares its living will. This project, which started in June 2013, covers thousands of contracts and millions of data points and is probably unique in terms of scale and complexity.

The Riverview Law/Legal OnRamp service combines people, processes and technology to:

  • identify all of a customer's contracts and supporting documents, including a gap analysis and escalation process for recovering incomplete contracts/documents;
  • upload completed contracts and documents onto the OnRamp collaboration platform;
  • review and map each contract/document against a customer-tailored checklist of up to 200 legal and related questions;
  • quality assure the review process and organise the information into appropriate contract families and systems maps;
  • help resolve any operational and/or regulatory issues with any contracts and/or documents; and
  • if required, provide on-going tactical and strategic management of existing and new contracts.

Karl Chapman, the CEO of Riverview Law, says: "The RRP is a huge challenge for any bank. Combining our Legal Advisory Outsourcing expertise - implementation and project management, dedicated client teams and expertise in data management and reporting - with the excellent OnRamp platform means that we have built a robust process and scalable model that can cope with the huge volumes involved. Of course, this model also has applications beyond banks to any global organisation that needs to manage its contract and data infrastructure more effectively."

Paul Lippe, CEO of Legal OnRamp, says: "This is the next stage in the development of 'Legal-By-Design', helping legal departments improve quality and efficiency while also reducing the cost of legal work. Riverview Law is a perfect partner, combining low-cost, process savvy quality and ability to scale. We're seeing legal departments and cross-functional teams look to innovative partnerships like ours to address major 'event-driven' projects like RRP and simultaneously kick-start ongoing operational improvements."

OnRamp Blogs

Two Law Grad Markets

Bruce MacEwen | Wednesday April 23, 2014

The first thing you learn in your antitrust law course is to ask, “What’s the market?”

In other words, define the market you’re talking about, because the definition you select, I promise you, will make all the difference. Antitrust analysis aside, choosing the span of the market on which you...

Where is the Excitement about the Future of the Legal Market?

Ron Friedmann | Monday April 14, 2014

Every day I read about big and exciting changes in industry.  On Monday, the New York Times reported on the huge impact graphene could have in electronics and other industries, Forbes on the first artificial red blood cells that may go into production. Change happens even in old line industries. For example,...

ReInvent Law NYC implores lawyers to embrace change and technology

ABA Journal | Sunday February 9, 2014

Lawyers need to embrace technology, can’t be afraid to try new things, and must focus primarily on improving their clients’ experience.

Those were the main takeaways from Friday’s ReInvent Law conference in New York City. More than 800 lawyers, academics, business owners, students and others in the legal industry...

It’s All in the Game: Managing Partners Come to Grips with “Gamification”

Pamela Woldow | Sunday January 19, 2014
Many managing partners tell us they are struggling to get their arms around new tools and techniques for driving more efficiency and cost-effectiveness into legal service delivery. Firms are seeing more and more RFPs in which clients make increasingly draconian demands for better management and control of legal work....
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