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Preview helps SJ Berwin set up Virtual Data Room

SJ Berwin the European Law FirmSJ Berwin is one of the leading law firms in Europe, handling a large number of mergers and acquisitions. In May 2004 Berwins was asked to set up a virtual data room for a client in readiness to go live from the beginning of June 2004 – a lead time of less than two weeks!

Preview was approached to help with the task. Berwins had used other suppliers to set up data rooms in the past but only Preview were able to offer the complete virtual service.

Terry Lawley, Business Analysis Manager, said that the organisations that they had dealt with in the past had simply hosted the information. Berwins itself had to create the structure, input user details, grant access rights and manage the mass import of information. This exercise had consumed a lot of internal resources and, in the time available to set up the new project, code-named Project Magnum, Berwins simply did not have the internal resources to manage the large volume of scanning and uploading required.

In Preview Berwins found more than just a reliable scanning partner. “With its eView+ product, Preview was able to offer a simple interface to our virtual data room enabling bidders to print vast amounts of information, indexed and filed in specific topic headings,” said Lawley. Further data was then loaded to the virtual data room so that the bids could be refined.

"Preview was able to offer a simple interface to our virtual data room enabling bidders to print vast amounts of information, indexed and filed in specific topic headings"

SJ Berwin was one of the pioneering firms to introduce the concept of virtual deeds repositories a couple of years ago. Initially, it found it difficult to convince lawyers that a virtual data room is a reliable and cost effective solution to a necessary process. However, once Terry’s team had proven the concept, lawyers loved it.

“We first met Preview at the Legal IT exhibition held in Olympia, London earlier in the year and held its information on file,” said Lawley. “When Project Magnum was conceived, we approached a number of companies including Preview. Preview was by far the easiest company to deal with, the most cost effective and speed of service was excellent,” Lawley went on. “The contract with Preview was signed within a couple of days.”

M&A Comment“We will certainly be working with Preview again on a range of different projects. Preview also offers litigation support and scan on demand services which may be of interest in the future.”

SJ Berwin publishes a range of newsletters, legal updates, brochures and e-newsletters covering a broad range of topics and legal services. M&A Comment is a regular email service which provides topical and incisive commentary on legal and tax developments which affect those involved in European M&A activity. To subscribe click here.

SJ Berwin web site: www.sjberwin.com

 

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