Why legal transaction management is essential for lawyers
A legal transaction is a broad term for a deal executed between parties in various realms of the corporate, finance, real estate, and business worlds. Organizations and individuals involved in deals hire prestigious law firms to: Advise them on the structuring of the transaction; Tackle the numerous legal issues raised during business discussions; Negotiate and draft documentation; and Manage the process and...
Due diligence: how to simplify and speed up your audits?
When it comes to acquiring a company, investing in a project, or carrying out any major financial transaction (merger, acquisition…), the due diligence process, also known as legal and financial audit , is a crucial step in assessing risks and opportunities. Traditionally, this procedure, which involves a meticulous assessment of a target company ‘s financial, legal, operational and strategic information, required a...
Data room: which solution to speed up your due diligence? – White paper
Audit processes used to be carried out in person, in meeting rooms, inspecting hundreds of documents scattered across tables. Today, transactional professionals have turned to virtual data room (VDR) solutions . These solutions make it possible to host large volumes of confidential documents and make them available to potential buyers or investors in a secure manner while preserving their confidentiality. Both a content...
Testimonial: Closd at law firm DSM in Luxembourg
Héloïse Cuche is Senior Associate at DSM Avocats à la Cour . This business law firm provides multidisciplinary and multilingual services adapted to the Luxembourg environment, and assists companies and their managers in both advisory and dispute resolution in numerous legal practice areas. As a user of Closd since 2020, she agreed to share her experience with the platform and the benefits in terms of efficiency , organization...
Testimonial: Closd at business law firm Bruzzo Dubucq
David Ybert de Fontenelle and Virginie Cadouin are partners in Bruzzo Dubucq . Based in Southern France, the firm is specialized in restructuring, commercial disputes, tax law, the firm and strategic consulting in transactional M&A operations. “Closd allows us to bring the firm into the present and to simplify our lives considerably.” Closd: Could you please introduce us to Bruzzo Dubucq, its...
Cloud Act and GDPR: What implications for EU companies’ data protection?
With the rapid evolution of today’s digital landscape and the emergence of cloud computing, the issue of data confidentiality and security is more central than ever. Thanks to this technology, data is now stored and processed in the cloud, i.e., on servers located all over the world and accessible via the Internet, raising new challenges for individuals, businesses, and governments. In this context, the Cloud Act has...
Testimonial: Closd at business law firm Lexidia
Thomas Pagny has been a member of the Paris Bar since 2015. The same year, he joined Lexidia Avocats , a firm specializing in M&A, corporate, private equity, and business law . As a user of the solution for 3 years now, he agreed to tell us about the benefits of Closd for his practice , especially the flexibility and practicality of certain features, such as the electronic signature and closing checklist. Closd: Could...
10 tips to speed up deal closings
For legal professionals, legal transaction management solutions available on the market represent a real opportunity to improve their productivity: automation of repetitive and low value-added tasks , centralization of documents, reduction of the number of tools to a single one, etc. During the course of a deal, many steps can be streamlined and optimized to allow lawyers to dedicate a minimum of time to manual tasks...
CIO: Which SaaS to digitize legal operations?
As companies and law firms undergo digital transformation, IT departments, or CIOs (Chief Information Officer) , are responsible for providing innovative and effective solutions to all departments. Legal departments (and legal professionals in general) are among the most demanding departments when it comes to finding agile solutions to improve performance, secure company or law firm assets and meet complex regulatory...
Advanced electronic signature: how it works and use cases
In the ever-changing world of the legal industry, technological innovation stands out as a powerful ally , helping to redefine the way law professionals approach their daily tasks. While promising future topics such as artificial intelligence are making headlines in legal tech news, lawyers and legal professionals still have a long way to go before they can rightfully claim to be 100% paperless . The digitalization...
5 reasons why you should have an archiving system with probative value
The trend towards ever more digitalization is leading to an accumulation of sensitive digital documents: confidential documents, supporting documents or electronically signed contracts to be conserved for several years. The average volume of data held by companies jumped 40% between 2018 and 2020 . However, these sensitive documents are still often stored on unsecured local equipment or Cloud software, and even in paper...
A Five-Year Tech Shift
Technological and market-driven business mutations are emerging below the surface of the legal industry’s traditions and rigorous human effort. But like many changes, they will be unevenly distributed in their adoption and benefit. I do not predict that 2025 will be disruptive, but rather that it will mark the beginning of a roughly five-year acceleration through which certain firms and departments will pull away from...