Gathering source of funds information often presents challenges, such as failing to gather complete or accurate financial information, creating high cognitive load for both fee earners and clients, and leading to insufficient or incorrect evidence. These issues can undermine compliance and increase regulatory scrutiny. Clients also often submit large volumes of financial data without context, creating confusion and frustration.

With Legl, law firms can efficiently gather the necessary financial information through intuitive workflows that guide clients with open-ended questions. The solution reduces the need for back-and-forth communication and provides detailed transcripts to give lawyers deeper insights into each case. This streamlining of the SoF process not only improves compliance but also enhances the overall client experience, reducing cognitive load and ensuring complete and accurate financial assessments.

In this demo, we’ll show how our Source of funds solution addresses these challenges by simplifying and automating the process.