Following a pilot, Wilson Sonsini Goodrich & Rosati selected Doxly, an end-to-end transaction management platform, to automate signings and closings for WSGR's emerging companies practice.
Doxly enables deal teams to “templatise” entire transactions and the simple creation of closing books. It also automates the signature process and streamlines closing checklist review. It is an example of an increasing trend towards process digitization and automation of repetitive, low-value tasks in the legal field, which allows attorneys to focus their time where their expertise matters most, while simultaneously delivering increased value to their clients. Doxly can save up to 50-75 percent of an attorney's time over traditional methods according to Doxly's recent analysis. “We aim to bring the best legal technology solutions to our clients through a disciplined and data-driven process of testing, iterating, and co-evolving our legal services along-side the introduction of these technologies,” said David Wang, corporate strategic innovation counsel of WSGR.
Mr Wang explained, “In this framework, Doxly has demonstrated an ability to help our attorneys and paralegals increase the efficiency and precision of the signing and closing process, while concurrently increasing transparency and collaboration, which is why we are now moving beyond the pilot stage and bringing these proven benefits to our clients practice-wide.” Haley Altman, ceo of Doxly, said “This first-in-industry practice-wide deployment at WSGR is an incredibly significant development for Doxly and we are so excited they have chosen Doxly's transaction management software.”