Armalytix has announced its strategic expansion into family law. By offering tailored financial tools and intelligence, Armalytix aims to “alleviate common challenges and make the financial discovery process faster and more effective for family lawyers”.
With Armalytix’s new tailored offering, family law professionals can establish a party’s financial position by collecting data across various bank account types, ensuring a comprehensive view of financial assets. They provide a clear analysis of income and committed outgoings, allowing for a thorough understanding of each party’s financial situation. The new tools mean lawyers and users can be Form E ready in moments, receiving full and comprehensive details of 12-months-worth of all bank transactions.
They have also stated that with Armalytix, family law professionals can establish a party’s financial position by collecting data across various bank account types, ensuring a comprehensive view of financial assets. They provide a clear analysis of income and committed outgoings, allowing for a thorough understanding of each party’s financial situation. Specific outgoings and suspicious transactions are quickly identified and highlighted to the relevant parties. Tom Lyes, Head of Legal and Property Services at Armalytix commented:
“Financial clarity should not be another burden – dragging out already stressful family law matters. Our tools flip financial discovery from a complicated, time-consuming task into an efficient, automated process, freeing up legal professionals to concentrate on achieving the best outcomes for their clients.”
Rebecca Ranson, Senior Associate in Family Law at Nicholls Solicitors said:
“It can be quite a lengthy and extensive process to collect financial information from clients during the divorce process. We find ourselves going back and forth chasing for this information and it takes up a lot of time and money for our clients.
The work done by Armalytix to provide me as a Lawyer and my clients with a clean version of 12 months of bank statements to upload to Form E on top of the analysed data is a great addition to an already fantastic offering.”
