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. ...
Read more
Subscribe to OnRamp!
Exciting changes are coming to OnRamp. Sign up to hear about our latest news.
Susbcribe

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

Next Law

Jeffrey Carr | Saturday July 12, 2014
  •  After 21 years with FMC Tedhnologies, and 13 years as GC, my retirement from FMC Technologies was announced today
  • I'm not leaving for another position.  And...

The Three P’s Shortchanges What’s Necessary to Bring Value To Clients

Patrick Lamb | Monday June 23, 2014
I ran across an interesting article in Attorney at Work, Trends in Legal Pricing and Project Management. The article reported on the recent P3 Conference offered by the Legal Marketing Association.  The three P’s are pricing, project Management and process improvement.  Having just written a book that covers these...

The failure of legal innovation

Jordan Furlong | Thursday May 29, 2014

Okay, I admit: that was a pure linkbait headline. Not quite as bad as 17 Heartwarming Photos That Will Restore Your Faith In Humanity, but still, I couldn’t pass up the opportunity to draw in people who might be thinking (hoping?) that I’d given up on innovation in the...

An Apprenticeship to Practice–That Works

Bruce MacEwen | Sunday April 27, 2014

I recently wrote about the depressing prospects for graduates of all but the top ten or twenty law schools (Two Law Grad Markets). And yes, these were statistical generalizations, and the experience of specific individuals with particular skills and backgrounds will always be different, pro and con. But...

Legal News
  • Judge Cues Trial in iPod Antitrust Case
    In the long-running case over an upgrade that plaintiff lawyer Bonny Sweeney says damaged music buyers to the tune of $350 million, judge says clashing experts should be heard by a jury.
  • Arizona ?Revenge Porn? Law Challenged as Overbroad
    A coalition that includes bookstores and publishers is opposing an Arizona law that criminalizes the sale, publication or display of nude photos or sexual images without the subject?s consent. They claim the law amounts to an unconstitutional muzzle on free speech rights.
  • 2014 Global 100: Top-Grossing Law Firms in the World
    Thanks in part to a deluge of dealmaking, gross revenue was up 4.3 percent and profits per equity partner were up 5.4 percent among global firms, though revenue per lawyer was flat. It's still a challenging environment out there.
  • Lawyers Shoot for the Moon With Fee Bid in LBO Case
    Scott & Scott, Robins Kaplan and Robbins Geller didn't end up getting the billions in damages they were seeking in a class action alleging that private equity firms fixed the prices of leveraged buyouts. But you wouldn't know it from the bold attorneys fee request they made on Friday.