Phoenix Merchant Partners: A Success Story with SmartEsq

Phoenix Merchant Partners is an alternative investments platform, managing a private credit strategy, with a dynamic, seasoned legal team dedicated to ensuring compliance across all regulatory touchpoints. It aims to operate with agility and efficiency, making innovative solutions vital to its success.
Challenge
Phoenix Merchant Partners faced a recurring challenge with their investor deck reviews for SEC compliance. Given their limited in-house legal capacity, they frequently outsourced this task to external law firm attorneys or compliance consultants. This process was not only costly but also time-intensive, requiring a turnaround time of 24-48 hours for a standard 20-page investor deck. The reliance on external resources could slow down critical LP conversations and was costly.
Solution
Phoenix Merchant Partners adopted SmartEsq’s cutting-edge Smart Regulatory Markup Tool. This AI-powered solution enabled their legal team to conduct many compliance reviews internally, reducing the need for external legal support. The tool streamlined the review process by automating complex markup tasks, significantly reducing both time and labor costs.
Results

The implementation of the Smart Regulatory Markup Tool greatly enhanced Phoenix Merchant Partners’ workflow:

  • Turnaround Time for review reduced to a few minutes in many cases: Reviews that previously took 24-48 hours were completed in a mere 15-30 minutes, ensuring rapid execution and agility.
  • Cost Savings: The ability to perform certain reviews in-house cut down on outsourcing expenses, delivering substantial financial savings.
  • Operational Efficiency: The legal team was empowered to focus on higher-value tasks, optimizing resource allocation and team productivity.
Conclusion

Phoenix Merchant Partners’ experience with SmartEsq's Smart Regulatory Markup Tool highlights the substantial impact of innovative legal technology. By saving time, cutting costs, and enhancing efficiency, the firm strengthened its ability to operate swiftly in the competitive private equity landscape. Interested in revolutionizing your legal operations? Click here to get in touch with us.

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*Estimated savings based on hours spent by an attorney on rudimentary and repetitive private fund legal tasks vs. using SmartEsq tools on the same tasks on a billion-dollar fundraise.

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