Optimize your legal transaction management workflow from start to finish
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Transaction management pain points
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Transaction management pain points
Law firms encounter several pain points in transaction management, including inefficiencies, delayed deals, and high operational costs. The lack of a unified end-to-end solution has led to a 30% increase in the time required to close M&A deals over the past decade. Additionally, 22% of due diligence delays are caused by inadequate technology.
Managing multiple tools adds to the cost and overhead, while also increasing the risk of errors during the deal cycle. This places a significant administrative burden on legal and innovation teams, highlighting the need for better oversight and transparent communication throughout the transactional workflow.
End-to-end transaction management solution infographic
The infographic below gives you everything you need to know about Thomson Reuters transaction management solution, including:
Today’s common challenges
The deal lifecycle process when using an end-to-end solution
How the solution works
Benefits for you
Additional resources
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Transactions are inherently complex, but your workflow doesn’t have to be. In today’s fast-paced business environment, clients demand not only your legal expertise, but efficiency and transparency throughout the deal lifecycle.
By integrating modern technology, firms can become strategic partners who not only advise but also deliver streamlined, effective expertise that moves beyond traditional transactional support, ensuring that every phase of the deal is handled with precision and ease.
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The post Optimize your legal transaction management workflow from start to finish appeared first on Thomson Reuters Law Blog.
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