{"id":1528,"date":"2019-07-11T00:00:00","date_gmt":"2019-07-11T00:00:00","guid":{"rendered":"http:\/\/www-staging.carta.com\/sg\/blog\/carta-for-law-firms-2\/"},"modified":"2021-03-05T06:57:41","modified_gmt":"2021-03-05T06:57:41","slug":"carta-for-law-firms-2","status":"publish","type":"post","link":"https:\/\/www-staging.carta.com\/sg\/blog\/carta-for-law-firms-2\/","title":{"rendered":"Improving the Carta experience for law firms"},"content":{"rendered":"\n<p>Attorneys and paralegals play an important role in helping companies manage and issue equity. That\u2019s why we have a product development team dedicated to improving Carta for law firms. Here are a few recent updates we made for you.<\/p>\n\n\n\n<h2>Manage board resolutions for your clients<\/h2>\n\n\n\n<p>Board resolutions are now built into your workflow on Carta. Issuing option grants and approving 409A valuations via unanimous written consent is more efficient for you and your clients when you create, send, and track resolutions on Carta.\u00a0<\/p>\n\n\n\n<ul><li><strong>Create templates: <\/strong>Customize and save your templates so you don\u2019t have to start from scratch with each new consent.\u00a0<\/li><li><strong>Pull data from Carta: <\/strong>Drop pending equity grants or 409A valuations into the resolution in one click, for faster board approval.<\/li><li><strong>Avoid costly errors:<\/strong> When your client creates a resolution, Carta automatically sends it to the account\u2019s legal admin for review before publishing, so you can confirm content before submitting it for board approval.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image no-shadow\"><figure class=\"aligncenter\"><img src=\"https:\/\/lh5.googleusercontent.com\/eI-9CK3yrQ6fsuAqnLdSMTL9eHNFV5B8kY-KqyF3GbYNGwIUrcQii9oXA6kVyeedNzXBdycF4SW28V0RwFFHJdFRIycNMZ8socLPG_kRRIksF9zPpaPIe2Y0ToLAJu6cgmjKQQrw\" alt=\"Carta for law firms\" title=\"\"><\/figure><\/div>\n\n\n\n<p>You can use Carta to approve any other resolutions or exhibits, like material agreements. And consents are stored so you can reference them at any time, which helps make good corporate governance automatic.\u00a0<\/p>\n\n\n\n<p>To learn more, <a href=\"https:\/\/carta.wistia.com\/medias\/8tg08d1p25\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">watch the board resolutions demo<\/a> we hosted for attorneys and paralegals.<\/p>\n\n\n\n<h2>Clearer roles &#038; permissions for law firms<\/h2>\n\n\n\n<p>We\u2019ve simplified permissions for law firms and legal admins, so it\u2019s clear who has access to see and edit clients\u2019 information on Carta.<\/p>\n\n\n\n<p>Law firms can now control roles and permissions for each member of the firm, client-by-client.\u00a0<\/p>\n\n\n\n<p>Updated permissions for law firms will consolidate and streamline permissions across the Carta platform. The legal admin role will now be available for law firms, which represents the highest level of permissions possible on Carta. Law firms will have more control over the information the members of their law firms can access.<\/p>\n\n\n\n<p>The new roles &#038; permissions for law firm users include:<br><\/p>\n\n\n\n<div class=\"wp-block-image no-shadow\"><figure class=\"aligncenter\"><img src=\"https:\/\/lh6.googleusercontent.com\/snjyZhhEhL91NaWugn0fAagmLjnDCJVduYqQMLvQh3GjLCy8GxwGt1q52qBcIhRbBQIm5RIQ2idoV2oCfmrU990jZMRE05QXYVFVTpebeOZs0ukVnfUWiUrwcWTgHEiKGtSerw2O\" alt=\"\" title=\"\"><\/figure><\/div>\n\n\n\n<p>For more on how to change permissions, visit our <a href=\"https:\/\/bit.ly\/2IU7CRg\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"help (opens in a new tab)\">help<\/a><a href=\"https:\/\/bit.ly\/2IU7CRg\" target=\"_blank\" rel=\"noopener\"> page<\/a>.<\/p>\n\n\n\n<h2>New exercises ledger<\/h2>\n\n\n\n<p>Keeping track of option exercises gets harder as companies grow. As the approver, it can be hard to manage all in-progress exercises. We\u2019re introducing an option exercise ledger, where you can see each exercise and its stage: Requested, Approved, Waiting for funds, Cancelled, Exercised, or Exercised in tender offer.\u00a0<\/p>\n\n\n\n<p>Designated administrators can approve exercises on the ledger page. All other legal admins will be able to view the ledger and track exercises through each stage. You should see this feature available by the end of July.\u00a0<\/p>\n\n\n\n<h2>Reverse cancellations and repurchases<\/h2>\n\n\n\n<p>We all know that mistakes can be made when issuing a cancellation or repurchase. As an admin for your clients you can now reverse a cancellation or repurchase on all security types. Once reversed, the original security will show as outstanding in the ledger and a note will be added to the security under the &#8220;Documents and notes&#8221; section.<br><\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img src=\"https:\/\/lh6.googleusercontent.com\/eCR9OEO1qaqkcF6y4aWcuFxpMIGal2OFbHxW8lOWLXxTagFZ46sU2wD11KGXzuv-ntCsJedaw1mJMP1G4j2iXTVpKXMpqAwfBkNkmOSaxTUtv5TarIYKHsq1I92e2ke_mF3LniV7\" alt=\"Carta for law firms\" title=\"\"><\/figure><\/div>\n\n\n\n<h2>More improvements to come<\/h2>\n\n\n\n<p>We hope these recent changes will improve your experience on the Carta platform. <a rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\" href=\"https:\/\/bit.ly\/2TzLkZ0\" target=\"_blank\">Log in<\/a> to try these features, or <a href=\"mailto:partnersales@carta.com\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">reach out to our partnerships team<\/a> for more information.\u00a0<\/p>\n\n\n\n<p>We\u2019re continuing to improve on features and workflows for law firms. If you have any feedback, please <a href=\"mailto:product@carta.com\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\" (opens in a new tab)\">reach out to our product team<\/a>. We\u2019d love to hear from you.<\/p>\n\n\n\n<p>_____<\/p>\n\n\n\n<p class=\"has-small-font-size\">DISCLOSURE: This communication is on behalf of eShares Inc., d\/b\/a Carta Inc. (&#8220;Carta&#8221;). This communication is not to be construed as legal, financial or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.<br><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Learn more about our recent product improvements we made on Carta for our law firm partners.<\/p>\n","protected":false},"author":75,"featured_media":1730,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[40,4],"tags":[88,89,54,90,91],"acf":[],"_links":{"self":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/1528"}],"collection":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/users\/75"}],"replies":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/comments?post=1528"}],"version-history":[{"count":0,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/posts\/1528\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media\/1730"}],"wp:attachment":[{"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/media?parent=1528"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/categories?post=1528"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www-staging.carta.com\/sg\/wp-json\/wp\/v2\/tags?post=1528"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}