P2P

winter22

Peer to Peer: ILTA's Quarterly Magazine

Issue link: https://epubs.iltanet.org/i/1489228

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38 P E E R T O P E E R : I L T A ' S Q U A R T E R L Y M A G A Z I N E | W I N T E R 2 0 2 2 with Quick Start templates, customizable templates for common structure types with the expected entities and relationships already laid out. For common transactions, like a corporation issuing shares to a shareholder, practitioners will find an appropriate template to work from. With traditional tools, what would have required a dozen or more steps to visualize a set of structures, relationships, and actions, is now available with a single click. Over 50+ Quick Start templates are ready to customize, and include diagrams of tax structures and org charts involving corporations and partnerships, reorganizations, liquidations, and mergers and acquisitions. These templates undergo stringent review by our in- house legal experts. These diagrams of corporate structures are pre-built and perfectly-aligned to save you time. For practitioners, that means a reliable starting point for their diagrams, and greatly reduced review times for senior associates. They are also a great way to bring high-quality standardization across the firm on basic structures. Real-time collaboration for remote and hybrid teams When working on diagrams, a challenge for many practitioners is being able to collaborate effectively to finalize client work within a reasonable timeframe. However, a typical collaborative process can involve a lengthy email thread with dozens of questions, suggestions, and diagram versions, all of which can get lost rather quickly. In the past, diagrams were thought out collaboratively in a room with other practitioners on a whiteboard - but today, in a world that is increasingly remote-first or hybrid, that traditional form of collaboration is unlikely to occur. An effective collaborative process would not require back and forth emails or remote meetings. Instead, practitioners should be able to work together from anywhere, providing input, making changes, and finalizing work in real-time, together. Blue J Diagramming elevates the collaborative process with its built-in collaboration feature. Diagrams can be shared within the firm, reviewed, and revised by colleagues all within Blue J. Any changes made by a collaborator to a diagram are immediately accessible for the entire team to see. High-quality diagram designs for the whole firm In many instances, the quality of diagrams within a firm can vary. This can be due to the experience-level of individual practitioners with diagramming, some having a better eye for design than others, or simply a matter of individual time and capacity. Practitioners may struggle to create diagrams that are clear and attractive because they do not have the skill or flexibility to do so. With Blue J, many design optimizations are already taken into consideration. Shapes, labeling, and lines are Q 4 W H I T E P A P E R S "In the past, diagrams were thought out collaboratively in a room with other practitioners on a whiteboard."

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