Virtual data rooms allow lawyers to store documents online, offering lawyers and their clients convenient access to important legal files.
In my last post we discussed how digital dictation systems can offer busy lawyers much-needed flexibility in the creation of legal documents. The next step, once you’ve created documents using digital dictation, is to store your documents online using virtual document management and collaboration systems. These convenient and efficient online platforms offer lawyers a 21st Century alternative to traditional document management systems.
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…
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…
Firmex, the leader in branded virtual data room infrastructure, today announced significant enhancements to its technology platform to support large projects.
At Firmex we are proud to announce significant enhancements on our virtual data room technology platform. The following is an extract of the press release made public today:
Firmex has released a new architecture that exponentially increases the speed in which users can review large volumes of documents.
“Since we do not charge for data or documents stored, our clients have increasingly been using Firmex for very large transactions. These transactions can run 10,000 to 100,000 document folders, each containing sets of documents”. Read more…
