Closing Folders in action
Closing Folders is an invaluable tool for lawyers working on transactions. Our work involves running complex legal transactions on tight timelines. Closing Folders automate the logistical work of a closing, saving a great deal of time. It’s easy to use and helps teams collaborate and stay organized on transactions of all sizes. We are very pleased with the Closing Folders team. They provide excellent training and support, and the help desk could not be more responsive.
When closings are happening more efficiently, transactions are easier to manage and close. Closing books go out more quickly and clients are happier. It’s really been a success story for us, Closing Folders has proven to be an effective tool since it was launched and we’ve made it our default process here at McCarthy.
As a team, we use Closing Folders on a daily basis. We don’t do traditional paper closings. We don’t do closings that involve numerous emails and the creation of signature pages by PDF. We only use Closing Folders.
Closing Folders streamlines the closing process and enables us to keep track of all the moving pieces. It acts as a one-stop-shop location for all the documents in a deal and we are extremely pleased with its ease-of-use. The team at Closing Folders are helpful, responsive and full of ideas for future functionality and development.
Clients want increased efficiency in the deal process and more transparency in their legal work. Closing Folders helps to achieve both by streamlining the transaction process through a better-managed workflow. This leads to savings for both our clients and us. The team at Closing Folders is extremely responsive, innovative in their thinking, and proactive at sharing their product roadmap.
Initial uptake was good and lawyers were impressed with what they saw, particularly the ease with which signature packages could be generated and the speed with which closing books could be created.
