Case Study: McDermott Will & Emery helps clients assess financial regulatory licensing obligations with BRYTER

McDermott Will & Emery supports 1,400+ lawyers with BRYTER for regulatory authorization checks

McDermott Will & Emery, a leading international law firm, faced the challenge of helping its clients navigate the complex and fast-changing financial regulatory requirements in Germany and Europe. Companies risk severe penalties for operating without the necessary licenses from authorities like BaFin or the ECB. To address this, the firm used the BRYTER no-code platform to build a digital solution.

Using BRYTER, McDermott created CORA (Check of Regulatory Authorizations), a self-service tool that provides companies with an initial overview of possible authorization obligations for new or existing business models. This solution offers a free and non-binding first indication of whether a business is moving into regulated territory, which is a crucial factor for viability. While not a substitute for comprehensive legal advice, the BRYTER-powered tool provides an essential and helpful starting point for companies, directing them to McDermott's expert team for further clarification.

McDermott Will & Emery