Partner Article

LawBite extends legal platform to commercial property sector Technology to drive faster and more transparent commercial property transaction

LawBite, the digital legal service platform transforming access to legal advice, is expanding its service offering to the commercial property sector.

Using the LawBite platform, commercial landlords, tenants, developers, and lenders can access legal advice on all aspects of commercial landlord and tenant work, from sales and purchasing through to portfolio management and property disputes, in a cost-effective and transparent way. LawBite also provides a case management system for users to manage multiple cases across a property portfolio.

In contrast to the traditional approach, with documents shared via email and matters managed with no digital record, LawBite’s commercial property platform allows parties to track the progress of their transactions and identify possible delays. The platform therefore provides an audit trail and complete transparency and accountability for lawyers.

Addressing one of the key frustrations of the sale and purchase process, the LawBite platform allows users to set pre-agreed milestones with their lawyer, which are tailored for each specific transaction. A combination of automated reminders and an admin team proactively helping to move cases along mean that nothing gets ‘stuck’ in the system.

Operating with a fixed fee and scope, landlords, developers, and lenders can access the platform and legal counsel for a significantly reduced cost, without sacrificing on the quality of the advice. All LawBite’s commercial property lawyers have at least 10 years’ experience and many have backgrounds at the UK’s largest and most prestigious law firms, and users have the ability to return to the same lawyer time and again through the system if they choose to.

Joe Phelan, Director at LawBite, notes: “Across the commercial property market, parties share the same frustrations around access to information on the progress of their transactions. The LawBite platform and our expert lawyers can address this frustration. For developers, landlords and lenders who are managing multiple transactions a month, this represents a whole new way of managing the legal side of a commercial property portfolio.”

Clive Rich, Founder and CEO at LawBite, adds: “The LawBite platform allows players in the commercial property sector to access advice in a transparent and streamlined way. The platform offers a combination of tech and humanity, making introductions and hosting transactions within the platform, but ensuring parties are connected with a real-life lawyer they can work with again and again. We are enabling a democratised approach to commercial property law, providing the same quality of service at up to half the cost.”

This was posted in Bdaily's Members' News section by LawBite .