Creating a seamless legal transaction management workflow has never been easier

Introducing the first end-to-end transaction management solution

Whether big or small, closing a deal means managing countless details, including hundreds or thousands of documents, multiple parties and jurisdictions, and numerous rounds of revisions. Add a tight timeline and a limited budget and you’re bound to encounter a few bumps. While you probably wouldn’t try to manage all this without a few digital tools, insufficient technology can contribute to many delays in transaction due diligence.

  According to a 2022 customer survey by Thomson Reuters, some firms (perhaps including yours) juggle between 5 – 10 technology systems to manage a single deal. Hopping between programmes can cause disruptions to your workflow and can jeopardise the security of sensitive client information. Not to mention the frustration to busy associates and partners working to critical deadlines. A new comprehensive transaction management solution from Thomson Reuters can ensure you spend less time navigating technology issues and more time doing more strategic and meaningful work.

“This end-to-end solution connects HighQ, Contract Express,  Document Intelligence and content from Practical Law into a seamless transaction management platform. Plus, when deal teams require more complex closing assistance, the integration with Dealcloser meets that need. We’re thrilled to offer lawyers best-in-class capabilities accessible from a single platform, eliminating the need to navigate between systems.”

Sebastiaan Bos
Thomson Reuters Senior Director of Product Management

In each step of a deal process, this end-to-end platform can solve critical problems and be a single source of truth and transparency. 

1. Preliminary processes and documents

The start of a new deal can be energising for all involved. However, client intake and onboarding can be time-consuming and prone to errors. Using standardised processes from your virtual data room can give you a kick-start and boost your client’s confidence in the project workflow. And, with just a few mouse clicks, you can generate preliminary agreements from ready-made templates or your firm’s customised ones.  

2. Due diligence

The sheer scale of the data involved in an M&A deal can be overwhelming. You must balance the possibility of lawyer burnout with the risk of missing vital clauses or information. Here’s where the advantages of artificial intelligence really show. Properly trained and trusted AI can automate document identification according to parameters such as date, language, type, etc., and then extract essential clauses for added speed and accuracy. Once identified, documents are organised for review and analysis. Such machine-assignable tasks take the load off lawyers who can then address the issues that require legal expertise. 

“This end-to-end solution connects HighQ, Contract Express,  Document Intelligence and content from Practical Law into a seamless transaction management platform. Plus, when deal teams require more complex closing assistance, the integration with Dealcloser meets that need. We’re thrilled to offer lawyers best-in-class capabilities accessible from a single platform, eliminating the need to navigate between systems.”

Sebastiaan Bos
Thomson Reuters Senior Director of Product Management

A superior lawyer experience 

Closing a deal is seldom without a few unexpected bumps in the road. If every deal were the same, you might not feel the thrill of completing a transaction. But eliminating re-occurring, procedural issues with an end-to-end transaction management solution means keeping the momentum going and avoiding delays. It also means less stress, happier clients, and more firm profits. On to the next deal.

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