360 Law Group Becomes First in UK to Offer Remote Insolvency Solution

360 Law Group Provides New Video Signing Service to Insolvency Practitioners and Professionals During the Corona Virus Outbreak.

London, UK 2nd April 2020 - In unprecedented times where the economic impact of the Corona Virus is destroying many organisations and causing many others to retrench and review their costs of trade, 360 Law Group continues to deliver innovation and evolution in remote law services.

In response to a request from a major insolvency practitioner to create a method of enabling a Solicitor to witness Members Voluntary Liquidation (“MVL”) documents so that the Insolvency Practitioners could continue to assist clients in these stressful times, 360 Law Group, along with a partnering New Zealand software house, developed its V-Sign - Video and Electronic Signature Solution. Created quickly to react to current economic times, the solution allows statutory documents to be signed by Insolvency Practitioners clients’ and witnessed by 360 Law Group’s Solicitors remotely.

Furthermore, the solution allows Solicitors to: i) hold video calls; ii) validate identity documents; and iii) digitally sign MVL documents in the same session. The sessions are recorded, and a wav file is then made available to the Insolvency Practitioner and their clients along with the signed and witnessed document.

Though the system was initially developed for Insolvency Practitioners, any statutory documents may be signed, with the exception of a deed.

Robert Taylor, CEO & General Counsel of 360 Law Group commented:

“This is a further example of our innovative approach and continued drive to make law more cost effective and accessible for businesses the world over. In these unprecedented economic circumstances, where meetings cannot take place, we can help by delivering remote law services to businesses. Our recent work will reshape the future of an industry which traditionally has been driven by face-to-face meetings.”

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About 360 Law Group Limited

360 Law Group is listed in The Times prestigious list of the top 200 legal firms in the UK. From start-ups to public companies and multi-national corporations, 360 Law Group is known for its ability to adapt specialist legal advice to individual circumstances, customising its strategy to promote growth for an expanding portfolio of global clients. As the first UK provider of subscription legal services on a global basis, and the first law firm to offer their services on both a regulated and unregulated basis, 360 Law Group is constantly seeking to challenge the status quo in order to ensure the most efficient, cost-effective and high quality client service possible. In most countries across Europe 360 Law Group operates on a flat rate, for commercial, contract, corporate and employment law of £155.00 per hour (excl VAT where relevant).