Jim is a Partner in Stark & Knoll’s Business Services Group. Jim practices in general corporate, corporate transactions and commercial lending. His clients span various industries including the environmental consulting, manufacturing and financial services industries, and still yet he still finds time to frequently write in his blog. He has been listed in Best Lawyers in America (Banking) since 1997 and is a member of the Akron, Cleveland and Ohio State Bar Associations.
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.
