A Revolution in the Exchange of Financial Data in Family Law Matters

Given the complex and emotional landscape of family law, ensuring the comprehensive and accurate exchange of financial information in matrimonial matters is paramount.

Promoted by Legal Ready 11 October 2024 SME Law
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In the often complex and emotional landscape of family law, ensuring the comprehensive and accurate exchange of financial information in matrimonial matters is paramount.

Recent Australian press and court decisions have highlighted the increasing complexity & risks for family lawyers and their clients when it comes to compiling the family balance sheet during a divorce.

Enter Disclosure Ready, the latest innovation from Legal Ready, creators of the popular eBrief Ready electronic briefing platform.

Disclosure Ready facilitates the gathering, organisation, analysis and presentation of relevant documents in a structured manner.

Leveraging the power of artificial intelligence, Disclosure Ready automatically categorises and indexes a wide range of document types commonly encountered in family law proceedings, significantly reducing the chances of overlooked documents and ensuring that all relevant information is disclosed promptly and accurately.

The initial concept for Disclosure Ready came from Lander & Rogers, who recognised a significant challenge in managing disclosure for family law matters, which was not only time-consuming but also prone to error.

“By partnering with Legal Ready through our LawTech Hub, we were able to sponsor the development of Disclosure Ready, a platform that directly addresses these issues,” Michelle Bey, Chief Innovation Officer & Transformation Lead at Lander & Rogers said.

“This innovative solution has transformed the way we handle document management, significantly streamlining the process and ensuring greater accuracy and efficiency in family law cases,” she said.

Disclosure Ready was built from the ground up in close collaboration with an Advisory Board of large and small family law firms, including Landers & Rogers, HopgoodGanim Lawyers and KHQ Law, who worked together to revolutionise how legal professionals handle financial disclosures in family law cases.

This collaborative approach ensures the platform meets the practical needs of a wide group of legal professionals, enhancing its usability and effectiveness, and creating a platform that will be a significant step forward in family law practice management” said Inez Russell, Director of HopgoodGanim Lawyers’ SmartLaw Centre.

Disclosure Ready represents a major step forward in family law practice," she said.

"By incorporating AI to streamline financial disclosures, our lawyers can now manage a critical and time-sensitive workflow more efficiently and transparently. This allows them to concentrate on the core legal issues, while Disclosure Ready handles the administrative demands,”

Disclosure Ready builds on the solid foundation of eBrief Ready, a platform already trusted by our firm,” said Ms Russell. “Since it’s built on a familiar platform, our lawyers can immediately take advantage of its intuitive design and powerful features.”

Disclosure Ready makes it easier for clients to provide necessary documents in a structured, secure, and timely manner and streamlines document disclosure to opposing counsel, helping both sides ensure full and frank disclosure in a timely, transparent manner.

“The implementation of Disclosure Ready has changed the way we manage financial disclosure in family law matters for the better. Whilst saving and indexing documents was previously seen as a time consuming, fiddly task, it is now completed with ease, leading to time and cost efficiency, said Bella Van Merkesteyn, Paralegal at KHQ Lawyers.

One of the standout features of Disclosure Ready is its ability to create a complete audit trail of when documents have been sent and received.

“Our Advisory Board prioritised this as a critical feature. Ensuring compliance with legal requirements for disclosure and avoiding potential legal pitfalls associated with non-disclosure is paramount for practitioners,” Stephen Foley said.

This level of transparency is not only beneficial for the parties involved but also for mediators or the courts, as it facilitates a smoother and more efficient adjudication process where needed.

By facilitating transparency, efficiency, compliance, and client service, Disclosure Ready ensures that justice is served in both complex and straight forward family law matters.

“Going forward, we see this innovation being widely adopted to streamline disclosure in other practice areas beyond family law” Michelle Bey said.

For more information and to set up a free trial for your firm, visit the Disclosure Ready website. As an introductory offer, the first 3 matters your firm creates will be free of charge during your first month.