Doxly Streamlines Legal Transactions

Legal transactions are the core of business and a large part of the practice of law. These transactions involve the exchange of goods or services that create binding obligations for all the parties. These agreements are recorded by contracts that are legally binding, and which define the terms of transactions. Legal transactions are any kind of purchase or sale, whether it’s between two firms or individuals, as well as consumers. Some transactions are not commercial, such as successions and transfers of property or family law cases.

A legal transaction could involve various documents and may also have multiple deadlines, terms and requirements. Negotiation and completion of the transaction requires coordination between several teams. A junior associate in a large law firm may collaborate with tax attorneys on complex transactions and antitrust counsel in distribution arrangements, and with intellectual property lawyers to negotiate licensing for trademarks or patents. In addition, the legal research tools used to guide the legal process can be quite complicated, including secondary and primary resources (such as statutes and regulations) as well as forms, precedents as well as checklists and practice notes.

Traditional methods of executing and concluding legal transactions usually result in significant inefficiencies from start to completion. For instance, due diligence requires an army of lawyers to go through thousands of documents and documents. This can be time-consuming, expensive and inefficient. But it doesn’t have to be. Legal technology has been developed to bring efficiency, transparency and order to the process of transaction. The solution is Doxly that provides a complete legal transaction management platform that allows attorneys to securely store and manage all of the documents associated with a transaction, view them at any stage of the transaction and even share them with clients or team members to review and discuss.

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