New app targets property industry
A new legal tech startup is raising funds to pursue the "Holy Grail" in property law - collating information about conveyancing on one platform.
Flawless, a web and smartphone app co-founded by solicitor Emmet Creighton and mathematician Dr Jonathan McLaughlin, says the new platform, launched today, will make property transactions "frictionless" as well as expediting due diligence, financing, insurance and the overall sales processes.
"A central system where everybody gets updated at the same time has been the Holy Grail in conveyancing," said Mr Creighton, Flawless's CEO who quit his role as a commercial litigation and dispute resolution solicitor at leading commercial law firm Matheson to develop the collaborative sales progression platform. "With Flawless, we are demystifying the property sales process and demonstrating to buyers and sellers the enormous value added by professionals."
As each step of the conveyance is completed, the entire network is notified, eliminating the need for clients to constantly contact their professional adviser or broker to inquire about each aspect of a property sale.
Flawless will provide high-quality leads to insurance and mortgage brokers.
It will also inform buyers and sellers about the services of estate agents, lawyers, brokers and third parties.
Flawless is targeting expansion beyond conveyancing to corporate transactions including aircraft financing and syndicated loans.
"Often the biggest bone of contention is communication," said Mr Creighton.