The Global Legal Post ads

“The industry has focused a lot on what AI can write, because that’s easy to demo, but in cross-border competition work, the valuable problem is not writing; it is orchestration and keeping facts consistent across a number of filings.” That is the view of Juan Jiménez Laiglesia, speaking to The Global Legal Post for a report produced in association with LexisNexis European Markets examining the challenges of coordinating cross-border M&A and competition law work. The development of legal AI tools has accelerated over the past two years, but technology to support coordination has failed to keep pace, according to leading European law firms and in-house teams. The report – Bridging the competition law gap: How Europe’s lawyers are keeping cross-border deals aligned across teams, regulators and jurisdictions – found that while transaction teams are increasingly using AI for drafting and document review, lawyers still rely primarily on manual processes to manage cross-border deal coordination. Based on interviews with senior lawyers in countries including Germany, Spain, Italy and Portugal, the report highlights the practical and commercial risks of poor coordination. “One delay can push back the whole deal timetable and put financing at risk,” said Charis Xiourouppa, head of Caselex at LexisNexis. “A missed filing can bring fines or a review after the deal has closed.” Lawyers are hopeful that technology will increasingly help them manage the complexities of cross-border deal coordination, reducing reliance on manual processes and improving collaboration between teams, firms and jurisdictions. Download the full report here (registration required): https://lnkd.in/eH77yyFY Our thanks to the following participants: Francesco Anglani, partner, BonelliErede Robert Beazley, general counsel, Europe, GFG Alliance Ricardo Bordalo Junquiero, partner, VdA Johannes Hertfelder partner, Gleiss Lutz Helen Hu, general counsel, Volvo Cars Juan Jiménez Laiglesia, partner, Pérez-Llorca Helen Lambert, senior legal counsel, GFG Alliance Dr. Sarah Milde, partner, Hengeler Mueller Patrick Mossler, partner and M&A practice group head, Gleiss Lutz Peter Stassen, partner, Plesner Charis Xiourouppa, head of Caselex, LexisNexis #CompetitionLaw #MergersAndAcquisitions #LegalTechnology #CrossBorderTransactions

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