When the Personal Property Securities Act (PPSA) was introduced in 2012, the business and legal community knew the impact would be significant, but few anticipated it would trigger professional service firms to rethink the way they manage commercial information.

For law firm HWL Ebsworth, winning ‘Best Practice in Knowledge Management’ at the recent annual LawTech Awards was recognition of their innovation in response to this significant legislative change, which has direct implications for many of their clients. The category recognises outstanding achievement in the process of collating, organising, sharing and analysing knowledge.

As stated in their nomination, advising clients on commercial transactions, HWL Ebsworth is required to complete due diligence on properties, companies and individuals, which can be tedious and slow. Using a new cloud based visual information management platform called Encompass has enabled the firm to improve the efficiency and accuracy of their commercial search and review, particularly when it comes to PPSR information. They can finalise due diligence quickly, provide prompt advice and minimise risk.

 

Read the full article on Legal Practice Intelligence here.