This excerpt was originally published as part an article by StructureFlow CEO & Founder Tim Follett in Legal Business World. Read the full article “Visualisation in Law: Cutting Through Complexity” at LBW.
Making complex ideas easier to understand
Legal structures and transactions have always been complex and difficult to understand, but it is an area where understanding is critical.
For example, a typical M&A transaction may involve 40-50 individuals across multiple organisations, so there is a fundamental need to ensure that everyone is on the same page as quickly as possible to promote efficient working and reduce the risk of misunderstanding.
Relevant information is often fragmented and stored across a variety of sources and systems, and held by different parties, which makes it extremely hard to present a holistic view and therefore a comprehensive understanding of the project.
By integrating innovative visualisation techniques and tools, lawyers can promote communication and understanding and address the challenges of complexity – “visually mapping” concepts and structures – whether a corporate structure, a M&A transaction, a dispute, or the connections in a complex piece of legislation.
There are clear benefits to be gained:
- Simplifying highly complex issues to speed up communication and understanding
- Getting a holistic view to improve analysis and identify potential roadblocks or areas of opportunity
- Ensuring everyone has the same understanding of the most up-to-date, accurate, information
By making information visual, it becomes more tangible, easier to work with, and understand. Like an engineer’s CAD software, bespoke tools enable lawyers to create detailed, interactive visual models of legal structures and transactions, setting out the different elements such as interconnected companies, contractual relationships and funding arrangements.
Junior lawyers and paralegals no longer need spend hours excruciatingly drawing diagrams in legacy drawing tools – manually moving shapes and lines around to make a structure chart look comprehensible (and well designed). Instead, they can now turn to legal visual modelling technology.
Continue reading the full article “Visualisation in Law: Cutting Through the Complexity” at LBW…..
About the Author
Connect with Tim on LinkedIn here.