Improving the Carta experience for law firms

Improving the Carta experience for law firms

Author: Div Shivesh
Read time:  3 minutes
Published date:  July 11, 2019
Learn more about our recent product improvements we made on Carta for our law firm partners, including improved permissions and our new exercise ledger.

Attorneys and paralegals play an important role in helping companies manage and issue equity. That’s why we have a product development team dedicated to improving Carta for law firms. Here are a few recent updates we made for you.

Manage board resolutions for your clients

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. 

  • Create templates:Customize and save your templates so you don’t have to start from scratch with each new consent. 

  • Pull data from Carta:Drop pending equity grants or 409A valuations into the resolution in one click, for faster board approval.

  • Avoid costly errors: When your client creates a resolution, Carta automatically sends it to the account’s legal admin for review before publishing, so you can confirm content before submitting it for board approval.

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. 

To learn more, watch the board resolutions demo we hosted for attorneys and paralegals.

Clearer roles & permissions for law firms

We’ve simplified permissions for law firms and legal admins, so it’s clear who has access to see and edit clients’ information on Carta.

Law firms can now control roles and permissions for each member of the firm, client-by-client. 

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.

The new roles & permissions for law firm users include:

For more on how to change permissions, visit our help page.

New exercises ledger

Keeping track of option exercises gets harder as companies grow. As the approver, it can be hard to manage all in-progress exercises. We’re 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

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. 

Reverse cancellations and repurchases

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 “Documents and notes” section.

More improvements to come

We hope these recent changes will improve your experience on the Carta platform. Log in to try these features, or reach out to our partnerships team for more information. 

We’re continuing to improve on features and workflows for law firms. If you have any feedback, please reach out to our product team. We’d love to hear from you.


DISCLOSURE: This communication is on behalf of eShares Inc., d/b/a Carta Inc. (“Carta”). 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.

Author: Div Shivesh
Div is a Product Marketing Specialist at Carta. He's starting off his career at Carta after earning a B.A in Business Economics with a minor in Technology and Information Management from the University of California, Santa Cruz.