July 20, 2020 – Top Norwegian law firm Arntzen de Besche, and Nordea, one of Europe’s largest banks, are leveraging Litera Transact to transform the tedious, time-intensive manual processes associated with managing transactions into a streamlined workflow. With Litera Transact, Arntzen de Besche is now providing greater efficiency and transparency in the deal process, allowing them to reduce fees and help Nordea lock in more competitive rates. This has directly resulted in both the firm and bank winning more business.
Lars Bjørn Christiansen, the head of corporate advisory at Nordea, said, “Litera Transact is a huge step forward in digitalizing the loan documentation process and [is] instrumental to drive down cost, improve efficiency, and increase speed. Communicating with our counsel on deals is much easier with Litera’s transaction management solution. As a result, we attain more competitive rates from our legal advisor, which is an important contributor to winning new deals. Especially during closing, with high stress and short deadlines, Litera Transact is a solid platform that ensures an efficient document process. We are encouraging the use of Litera Transact to promote more efficiency across all of our deals.”
Nearly eliminating the need for regular status updates, Arntzen de Besche reports that their teams are working with greater transparency and can deliver higher-quality customer service. Trond Kildal, a partner in Arntzen de Besche’s banking and finance department, said, “Everyone has a clear picture into the status of the deals we’re managing, we’re saving a lot of time, and our clients are appreciative of our commitment to deliver innovate legal services.”
Avaneesh Marwaha, Litera CEO, said, “Arntzen de Besch and Nordea’s use of Litera Transact is a perfect example of how we can offer a competitive advantage to law firms and their clients. We cover more practice areas, our digital signature capabilities are stronger with our integration with DocuSign, and our global presence allows us to innovate and develop features faster than anyone else in the space.”
For the case study on Arntzen de Besche and Nordea streamlining transactions using Litera Transact, please visit: https://www.litera.com/arntzen-de-besche-and-nordea-bank-win-more-business-with-litera-transact/
About Litera
Litera is the leading provider of software for law firms and document-intensive organizations across the globe, helping them satisfy the demands of clients. Our document drafting products empower users to create, proofread, compare, clean, and distribute high-quality content quickly and securely, from any device, while our transaction management platform converts the manual, tedious process of managing transactions by creating a secure, collaborative workspace and automating the entire signature process.
About Arntzen de Besche
Arntzen de Besche is a leading Norwegian law firm. Their offices in Oslo, Stavanger, and Trondheim are staffed by a team of almost 170 people. Their team of experts assist Norwegian and international companies, public authorities, and private organisations to simplify complex transactions, undertake challenging negotiations, and resolve disputes of all types.
About Nordea Bank
Nordea is a leading (top 10) financial services group in the Nordic region and one of the biggest banks in Europe. With a total operating income of EUR 8.6 billion and total assets of EUR 554.8 billion in 2019, they make a real difference— for their customers and for the communities in which they operate—by sharing their broad expertise based on 200 years in the banking business.
