With its new offering, Armalytix allows family law practitioners to quickly assess a party’s financial position by gathering data from multiple bank accounts, offering a full picture of financial assets. The platform provides detailed analyses of income and fixed outgoings, enabling a thorough understanding of both parties' financial standing. The technology enables lawyers to be Form E ready within moments, with access to comprehensive, 12-month transaction histories across all accounts.

Divorce proceedings are already challenging, and navigating the often-complicated financial landscape of the individuals involved only adds to the difficulty. Determining an accurate financial position is vital in family law, yet gathering evidence of income and expenditure is typically a drawn-out and complex process.

Family lawyers frequently struggle to ascertain the true financial status of both parties, particularly in high-net-worth or complex cases. Inconsistent access to verified financial data often slows down the legal process, causing delays that can unnecessarily prolong cases. Traditional manual methods of collecting financial information further compound these issues, increasing the workload and extending timelines.

Armalytix’s tools tackle these challenges head-on by automating financial data collection, providing a clear and comprehensive analysis of each party’s financial assets and liabilities. The system also flags unusual outgoings and suspicious transactions, helping lawyers and clients focus on what matters most.

Tom Lyes, Head of Legal and Property Services at Armalytix comments: “Financial clarity should not be another burden – dragging out already stressful family law matters. Our tools flip financial discovery from a complicated, time-consuming task into an efficient, automated process, freeing up legal professionals to concentrate on achieving the best outcomes for their clients.”

Armalytix offers up-to-date, accurate data, reducing delays and ensuring decisions are based on the latest information. Additionally, users can easily upload supporting documentation, streamlining the process. With customisable fact finds and questionnaires, legal teams can tailor financial assessments to the specific needs of each case.

Rebecca Ranson, Senior Associate in Family Law at Nicholls Solicitors said: “It can be quite a lengthy and extensive process to collect financial information from clients during the divorce process. We find ourselves going back and forth chasing for this information and it takes up a lot of time and money for our clients.

“The work done by Armalytix to provide me as a Lawyer and my clients with a clean version of 12 months of bank statements to upload to Form E on top of the analysed data is a great addition to an already fantastic offering.”

Using Armalytix, family law professionals can move away from time-consuming, manual processes and instead focus on supporting their clients through challenging times with efficiency and confidence.

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