L2 – lenders and lawyers on one shared workspace to reduce risk!
We represent chartered banks, credit unions, commercial lenders and other creditors to minimize the time and cost of security realization, collections and insolvency. In doing so, we use a tool called L2, which puts our lawyers and the clients we serve on one shared, digital workspace – improving efficiency, transparency, security and reducing risk for lenders.
L2 is an online platform that has improved workflow by putting all documents, progress reports and updates in one place. It’s proven to reduce administrative time and tasks for both the lawyer and the lenders. For our clients, this has translated to resolving debt faster, allowing them to redeploy their collections and foreclosure staff, and focus on rapid reinvestment.
The platform was created for lawyers, lenders and others involved in debt recovery – by a group of lawyers who were serving the debt recovery needs of some of Canada’s major banks and wanted to make things more efficient for lenders. They were keen to create easier collaboration on debt recovery processes without bottlenecks and email trails.
L2 is a secure virtual workspace that maintains a permanent online record of all files and progress updates so everyone who contributes has everything they need to work smarter.
We’re among numerous law firms and lending institutions within Alberta and across Canada who have signed on to utilize L2. Since using it, our processes are more streamlined and our clients benefit from up-to-the-minute progress reports that can be generated at any time within L2.
Accessed from desktop or mobile, this online solution meets the highest security of information and records standards related to hosting, testing, backups and data collection – a key criteria for us and our financial institution clients.
If you’ve got a moment ( less than one minute actually ) this video describes L2.