On Aug. 24, iManage announced it acquired Closing Folders. The acquisition uniquely enables iManage to deliver automation and governance over transactions and deal documents from creation to closing.
Closing Folders automates repetitive, error-prone tasks, which enables lawyers to reduce risk and time-to-close while improving accuracy, transparency and client service. Every month, over 4,000 legal transactions are negotiated, signed and closed using Closing Folders. These transactions range from small commercial lending deals for local businesses to multi-billion-dollar acquisitions of global companies.
iManage transforms how professionals in legal, accounting and financial services get work done by combining artificial intelligence, security and risk mitigation with market leading document and email management. iManage automates routine cognitive tasks, provides powerful insights and streamlines how professionals work, while maintaining the highest level of security and governance over critical client and corporate data. Over one million professionals at over 3,500 organizations in over 65 countries – including more than 2,500 law firms and 1,200 corporate legal departments and other enterprise customers – rely on iManage to deliver great client and corporate work – securely.
Osler, Hoskin & Harcourt LLP advised Closing Folders with a team consisting of
Horatiu Porime (emerging and high growth companies),
Damian Rigolo (employment),
Dov Begun (tax),
and Kelly Moffatt (intellectual property).
WeirFoulds LLP advised iManage with a team consisting of
and Adrian Howard.