A technical overview of recent data rooms and the speed enhancements for large transactions that are saving our clients considerable time and money when managing transactions with thousands of documents.
Because data room performance is important to our clients, we recently released the first wave of our new software architecture to address the growing demands of our customers.
Lawyers and law firms can avoid costly air travel delays by taking advantage of innovative alternatives to face-to-face business meetings, such as virtual data rooms or online workspace services, which offer a cost-effective way to organize and deliver content online.
Let’s face it, these days, business air travel is a costly proposition—it’s expensive and takes up valuable time. Read more…
The Due Diligence M&A process involves buyers and sellers of businesses connecting with other buyers and sellers to complete transactions. In today’s market place, the process of Due Diligence has been streamlined by collecting the information in digital format and sharing it online in a virtual data room.
In the business world, Due Diligence refers to the act of investigating information related to people and businesses. This can be on a voluntary basis as in conducting a background check on a future employee, or it can be a legal requirement as in investigating the legal issues around a corporate takeover bid. However, the most common type of Due Diligence performed in business typically relates to that which is performed in relation to a merger or acquisition (M&A). Read more…
At LegalTech NY 2010, the problem of information overload was tackled during one of the Keynote panels and it was agreed that creating tools that allow for access to better, more pertinent information is key.
Two weeks ago, thousands of attorneys and other legal professionals descended upon Manhattan to attend LegalTech New York, hoping to catch up on the latest legal technologies and innovations. Read more…
Most virtual data room providers charge per dataroom, page, number of users. Which are the benefits of an unlimited use virtual deal room model? Why does such a model makes sense?
It has always puzzled me as to why virtual data room providers charge per data room or per page or total number of users. How can any company running a deal know exactly how many pages of documents they will have? Or how many users are going to access the deal room? Read more…
Cloud Computing, which is comprised of Infrastructure as a Service (IaaS), Platform as a Service (PaaS) and Software as a Service (SaaS), allow lawyers to focus on practicing law by providing law firms with a cost-effective way to outsource the burden of server and software maintenance.
Last week we discussed the basic concept of “legal cloud computing”. Now, let’s try to gain a better understanding of the concept by addressing the basic components of “cloud computing.” Read more…
Are you wondering what a virtual data room is and what is it used for? This article should answer most of your questions. If you want to know more, just drop us a line and we will be happy to answer.
A virtual data room (“deal room” or “data room”) is a secure web-based document repository generally used for buyers or investors to perform their due diligence on M&A transactions or investment. It is however an increasing trend in top legal firms to use virtual document rooms to support business and commercial litigation processes for external collaboration and file sharing. Read more…
“An introduction to cloud computing for lawyers, this post explains how cloud computing can simplify the practice of law by increasing security, reducing overhead, and increasing flexibility, allowing attorneys to practice law anywhere, anytime.”
Over the last year I’m sure you’ve heard a lot about “cloud computing” and by now you’re probably wondering: what exactly is it? Read more…
