When Mayer Brown is engaged on a new securities offering, it regularly uses Intelligize to quickly find peer companies in the same industry for insights on similar disclosures. Intelligize instantly provides links to relevant SEC comments and responses from multiple peer companies. This puts clients in a position to anticipate potential problems and put forward disclosures that avoid expensive and time consuming comment letters from the regulator.
Maxar Technologies uses Intelligize to find disclosure language from peer companies in preparing their filings including 10-Ks, 10-Qs and 8-Ks.
Like other small and mid cap public companies, Maxar Technologies also needs to undertake significant research into disclosure trends and language for new SEC rules and guidance (for example, around cybersecurity attacks or conflict minerals).
With relatively small in-house legal and financial reporting teams, the challenge was to carry this out efficiently and keep costs related to outside counsel to an acceptable level.