It was an honour to present StructureFlow at the annual peer-to-peer Strategic Knowledge & Innovation Legal Leaders’ Summit (“SKILLS”) on Friday, 22nd January.
Tim Follett, our Founder and CEO, was joined by Jeremy Coleman, Head of Innovation at Norton Rose Fulbright EMEA, for the presentation, where they discussed “Finding efficiencies in legal structure visualisation and deal collaboration in a distributed environment”.
“SKILLS brings together an esteemed group of legal practitioners and knowledge management leads every year. We were thrilled that our presentation was voted one of the most compelling legal tech solutions by those attending.“
Tim Follet, CEO & Founder, StructureFlow
Watch the Video
In the video, Tim and Jeremy share:
- Why and how Norton Rose Fulbright implemented StructureFlow
- How they use it for better client engagement
- Their metrics of success, and more
The video includes a demonstration by Tim on how StructureFlow helps solve three common problems for legal teams:
Rapid Visual Diagramming
“Rapid Diagramming gives users predefined objects that they can drag and drop onto a canvas and then link together. So it’s less like drawing and it’s more like modelling; it’s a kind of lego for lawyers. That means you can create a complex diagram really quickly.”
Collaboration
“It’s a secure cloud-based product, and that means you can create a project and share it, not only internally, but externally with anyone. You can invite them into a project, they can see the diagram, leave comments, and if you change the diagram, you’ll change what they will see. You can still print, and export to PDF etc. but what we’re trying to do here is create a simple, common, platform where all the stakeholders can come together to see the same thing.”
Information Utilisation
“StructureFlow is a visual database. It doesn’t just create two-dimensional flat diagrams, there’s a third dimension and depth which is data. The system knows what all the different things and relationships are, and it builds up a data model the sits behind the diagram. That means you can do some interesting things. You can toggle on and off what you want to see, put key information in the data panel… you can connect through to documents. And we’re very close to being able to allow you to automatically create diagrams from data.”
Jeremy shares the Top 3 benefits Norton Rose Fulbright has seen from implementing StructureFlow:
Efficiency
“Certainly, since we’ve brought in StructureFlow it’s had a large impact on the lawyers using it. Firstly, in terms of time savings we’ve witnessed significant increases in efficiency, in terms of the amount of time that our lawyers used to spend working on structure diagrams.”
Collaboration
“The second is, it’s enhanced our communication ability and collaboration…but really, in our current situation, we’re not really able to just walk down the hall and start drawing on someone’s whiteboard, so in terms of getting everyone together in one space – one collaborative space or one virtual canvas, if you will – it’s been hugely beneficial.”
Risk Mitigation
“And the third impact is around risk mitigation. Being able to take a term sheet and draw out very rapidly the structure diagram that represents that transaction – they’re able to spot issues, gaps, if you will. And we’ve actually had two instances of that happening very recently, so a lot of impacts and success measure, but those are three really important ones for us.”
About SKILLS
SKILLS has been running for >15 years as a privately organised meeting for the largest global, US, UK and Canadian law firms to compare notes on current developments in knowledge management, innovation, and the business of law.