Case Study: Myerson Solicitors reduces source of funds review time with Legl

Myerson Solicitors replaces 6 months of manual source of funds reviews with Legl

Myerson Solicitors, a Top 200 UK law firm, faced a significant challenge with its time-intensive and manually-driven source of funds reviews. The process, which required fee-earners to scan months of bank statements, was operationally demanding and left too much room for human error. To address this, the firm sought a solution from vendor Legl to introduce automation and improve consistency.

Legl implemented its AI-powered source of funds analysis, which uses open banking to automatically retrieve and analyze transaction data. The solution flags high-risk activity and provides a clear, structured summary for reviewers. This has significantly reduced the time spent on checks and increased the team's confidence in the outcome. Myerson has also received positive client feedback on the new, simpler process and is now looking to further automate its compliance work using Legl's open API.

Myerson Solicitors