| In today’s challenging regulatory climate, the cost and complexity of preparing large and unwieldy documents for SEC filing is rising. When it’s time to write or update 10-Ks, 10-Qs, proxies, and other SEC forms, the best practice is to draw from previous documents and passages as reference points to properly and carefully disclose information to investors and regulators.
But too often, that merely sets off a time-intensive, costly scramble by attorneys, corporate counsel, legal librarians, and other legal and financial professionals as they manually search the filings of competitors and peer companies for relevant precedents and language to incorporate into their filings. Unfortunately, relying on outside counsel to do that work is expensive, and relying on busy in-house generalists could lead to unnecessary risk, SEC comments, or legal exposure.
Fortunately, there’s a much better way: Precedent Checker |
Radically Simplify the Preparation of SEC Filings
Precedent Checker is the simple and powerful solution for public companies of all sizes that want to quickly and efficiently prepare SEC filings. With Precedent Checker, we've done all the heavy lifting for you by aggregating SEC-filed documents from more than 5,000 public companies. We reformat and index that content, and surround it with a suite of powerful but simple tools to search, filter, compare, copy, and assemble that content.
The result: faster development of tighter SEC filings.
- Timely Precedents: Precedent Checker works from a continually updated database of SEC filings, so you can prepare the most up-to-date, relevant disclosure from the most recent filings in your industry or peer group.
- Easy Searching: sort the various documents by form type, date range, location, SIC code, company name, market capitalization, and more. That narrows your search to what's relevant to your business. Or, you can search for specific terms, like "TARP" or "bank bailouts" and see how other companies have written their TARP-related or bailout-related disclosures.
- Cataloging: Precedent Checker breaks apart SEC filings and presents them on a provision-by-provision basis, allowing you to review multiple reference all at once.
- Side-by-Side Comparison: you can see relevant precedents side-by-side and decide what passages you'd like to explore further, provision by provision.
- Frequency Rankings: when you need to search for a particular section of a document (such as Risk Factors or Executive Compensation) Precedent Checker lists all of its subsections, ranking them by how frequently they appear. Those statistical rankings can factor in location, SIC code, and other metrics, making them even more relevant. With this powerful feature, you no longer have to guess what the market standard disclosure is for a particular section.
- Legal Redlining: if you're looking at similar excerpts, Precedent Checker can show you how they differ. You can look at filings from multiple companies or even look at how a single company has updated that section of its filing year over year.
- Drag-and-Drop: when you find a passage or excerpt you like, simply drag it from Precedent Checker to your word processor.
- Simple SaaS Implementation: with Precedent Checker's software-as-a-service (SaaS) model, there's no software to install or maintain. We offer a variety of innovative pay-as-you-go subscriptions - including per-use, per-user, and enterprise-wide.
- Cost Recovery: with a built-in timer, Precedent Checker lets law firms capture their true costs for client-billing.
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The Benefits of Precedent Checker |
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Faster and easier SEC filings |
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Greater confidence in the relevance of your |
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provisions and precedents |
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Less time on low-value document searching |
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Fewer errors |
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Tighter documents |
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Lower costs |
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Better regulatory compliance |
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