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Welcome to the Online Document Management & Collaboration blog, by Firmex, an online space to discuss about secure document exchange and collaboration, virtual data room technology and its applications, secure online collaboration for corporations, law firms and finance, M&A trends and news, secure extranets and many other related topics.

You can browse our posts by section, category and author. Be sure to check back often because we are adding new content all the time. Feel free to join the online discussions leaving us your comments. Let us know what you think!


At Firmex we provide virtual data room solutions to lawyers who seek to enhance and streamline their document exchange processes. Saving time for our clients is essential to Firmex and as such, the iPad, with its intelligent efficiencies, is appropriately aligned with our conviction.


On March 18, Firmex participated in the ALM’s Virtual LegalTech for the first time.  In honour of the inaugural venture, our team held an iPad giveaway contest.

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Erin Hershberg Leave a comment Legal, Product & News


Legal virtual assistants can help make the practice of law simpler and more efficient.


A knowledgeable, reliable, and smart administrative assistant can be the key to making your life as an attorney much simpler and more efficient. And now, with the increasing ease with which we can communicate and share information online, virtual legal assistants are becoming an appealing and affordable alternative for many law firms, large and small alike.

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Nicole Black 1 comment Cloud Computing, Legal


Firmex corporate clients are using their unlimited use virtual data room to share financial information with their auditors, setting up all their folders and documents online.


If anyone  has ever had the pleasure of conducting a financial audit he/she is all too aware that it’s a time consuming process.  The audit process has four main stages:

  1. Planning & Risk Assessment:  Are there other factors that could have a material impact on the company and are not evident in the financial reports?  What are the risks of an inaccurate audit opinion?
  2. Internal Controls Testing: Are the financial controls rigorous, consistent and accurate?
  3. Substantive Procedures: Detailed review of financial information.
  4. Finalization:   Create the audit report.

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Joel Lessem Leave a comment Corporate & Finance, Information Management, virtual data room


In this post we’ll discuss one pressing legal issue that remains unsettled: whether law enforcement must obtain a warrant before accessing data stored in the cloud.


In prior posts we discussed the ethical and security issues that lawyers should consider when deciding whether to use cloud computing platforms in their law practice. In this post we’ll discuss one pressing legal issue that remains unsettled: whether law enforcement must obtain a warrant before accessing data stored in the cloud.

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Nicole Black Leave a comment Legal, SaaS


Environmental health is a growing global issue and demand for renewable energy is accelerating. Solar energy has grown at 30% per annum over the past 15 years while wind power grew close to 32% in 2009. As Firmex, virtual data room technology, becomes more cost-effective and easy to use, the software is increasingly useful to the renewable energy industry.


Over the last year, Firmex has been signing a significant number of renewable energy developers -  in particular solar and wind energy. As the health of the environment continues to be a growing global issue, demand for renewable energy is accelerating. Solar energy has grown at 30% per annum over the past 15 years while wind power grew close to 32% in 2009.  In 2008 some $155 Billion was invested in renewable energy up fourfold from 2004.  Investment fell 40% in 2009 due to the economic crisis though experts expect that to rebound.

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Joel Lessem Leave a comment Corporate & Finance, Industry Trends