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  1. Ignite Law was organized by the inimitable Matt Homann, founder of LexThink, and sponsored by ABA TechShow. At IgniteLaw, 16 speakers (myself included) were selected by the votes of their colleagues to discuss their perspectives on the future of the law industry.


    ABA TechShow took place in Chicago from March 25-27th.  The convention opened with a “bang,” featuring a conglomerate of “rapid-fire presentations” from IgniteLaw.

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    Nicole Black 2 comments Cloud Computing, Industry Trends, Legal

  2. Over the next few months, we will be making Firmex simpler for our clients to administer their virtual datarooms / workspaces and interact throughout the application


    As developers we constantly focus our attention on the performance of our Firmex platform. While this concentration will always be an important aspect of what we do, it is imperative to direct our attention to exactly what we are developing and how it is being used.  Since launching the new Firmex service-based architecture, our web application has experienced huge gains in speed and performance, paving the way for us to develop new ways to streamline workflow for our users.

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    Randy Rosenberg 2 comments Information Management, Product & News, virtual data room

  3. Web-based law practice management software provides lawyers with flexibility and ease of use.


    Law practice management software is crucial to managing the complexities of any modern law practice. However, traditional law office management software can be expensive, cumbersome to navigate and prone to such frequent  glitches that your IT consultant becomes a permanent fixture in your law office.

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    Nicole Black 4 comments Cloud Computing, Information Management, Legal, SaaS
  4. Jim Rench

    Gatekeeping the Virtual Data Room

    By Jim Rench March 18, 2010 at 9:13 am

    An important consideration in the deployment of a Virtual Data Room is the question of who will serve as the gatekeeper to the Virtual Deal Room, determining what information is appropriate for posting and what level of security and access to assign to such information.


    The use of a virtual deal room (“VDR”) has become commonplace in modern merger and acquisition practice, replacing the formerly prevalent document room.  The advantages of a VDR include reduced cost; reduced security concerns; accessibility to multiple parties simultaneously and 24/7; reduction in actual deal time; and an electronic data trail establishing who saw what and when.

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    Jim Rench Leave a comment Information Management, Legal, M&A Transactions, virtual data room

  5. Law practice management systems can help attorneys streamline the process of handling a case from start to finish. Choosing the right system for your law practice makes all the difference.


    Legal practice management software is a must-have for most law offices. It streamlines the process of handling and managing a case from start to finish. Law case management systems allow busy attorneys to keep track of contacts, documents, and calendaring, among other things, for each case that is added to the system; many offer time tracking and billing features as well.

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    Nicole Black 8 comments Cloud Computing, Industry Trends, Legal, SaaS

  6. Virtual LegalTech is an economical, innovative way for busy attorneys to learn about and stay on top of the rapidly changing legal technology issues that affect their law practice.


    On March 18th, 2010 ALM Media Events will be holding live CLE events at Virtual LegalTech for the second time ever.

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    Nicole Black Leave a comment Industry Trends, Information Management, Legal

  7. Firmex’s software engineers, busily developing hyper-secure code that drives virtual data rooms full of mission-critical documents that are accessed by 10,000s of users every month, should be treated to an open creative space that is as dynamic as their work.


    Ad agencies and design firms, as creative shops, have always used the design of their spaces to inspire their employees to creative heights. But, really, it’s in every business owner’s interest, no matter what industry, to build an employee environment that invites creativity and productivity.

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    Robert Wilder Leave a comment Product & News, SaaS, virtual data room

  8. Virtual data rooms offer law firms an encrypted method of communication that is far more secure than the unencrypted email currently being used by many lawyers.


    As discussed last week, the unencrypted email systems used by most law firms are inherently insecure and place confidential client data at risk.

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    Nicole Black 4 comments Cloud Computing, Due Diligence, Information Management, Legal, SaaS, virtual data room

  9. Firmex’s unlimited use virtual data rooms expand the use investment banks have for their deal rooms exponentially; hasten deals to close and help avoid unnecessary risk.


    In any deal, time is risk.  The longer it takes to close a deal, the greater the potential for the transaction to get derailed.  Being prepared ahead of time is one way to avoid time delays and risk.

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    Joel Lessem 1 comment Corporate & Finance, Due Diligence, Information Management, M&A Transactions, virtual data room

  10. Lawyers may not realize that email is inherently insecure and that the encrypted client communications offered by many cloud computing platform are a better, more secure alternative.


    Email security in its current form is inherently flawed and many lawyers are unaware of this disconcerting fact. Most emails are no more than mere postcards, the contents readily viewable by anyone who cares to look.

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    Nicole Black 4 comments Cloud Computing, Industry Trends, Information Management, Legal, SaaS