Update on Informal Files Turnaround

We’ve taken positive steps to improve our turnaround time for informal file submissions, and we are pleased to share that we are now reviewing about 80% of our informals within 10 business days of receipt. Today, when firms submit an informal file for review, many will be reviewed within 7 business days, and the vast majority within 10 days. Our RVPs and Firm Partners should feel this improvement, and hopefully this improves their conversion and placement activity. Please watch for updates as we will continue to share status on this important business in the weeks ahead.