June 04, 2020

Productivity Hacks for Legal Advisors

In this infographic, based on polling of 450+ corporate lawyers globally, Datasite explores the greatest productivity challenges to transactional workflow – and solutions to overcome them.

Top 3 Productivity Barriers

80%

of legal advisors use email as a primary means of communication for sharing documents with clients and external stakeholders.

74%

of lawyers primarily track diligence status and stakeholder engagement using Excel.

44%

of law firms rely on printing and scanning of documents to complete redaction - often considered the most time consuming due diligence task.

Solutions designed to reduce non-billable time

Retire black markers

Complete redaction of words, phrases, and images in bulk and then categorize them by reason for easy reference. 

Goodbye spreadsheets

Streamline communication with in-app Q&A to engage and track a large number of potential buyers in just a few clicks. 

Avoid inbox chaos

Transform asset marketing with a single source of truth for buyer lists, custom email templates, watermarking, and more. 

Agility without reputational risk

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Datasite provides secure software solutions for managing the full spectrum of financial transactions — including M&A, restructuring & administration, and capital raising. Our intuitive platform offers ironclad security enabling file sharing and collaboration within and across organizations. More than a virtual data room (VDR), Datasite supports advisors and their clients across the entire deal lifecycle with secure collaborative software that shortens timelines for buy-side and sell-side teams from deal sourcing and deal preparation to post-merger integration (PMI) while meeting regulatory compliance — including GDPR and CCPA requirements. As the premiere virtual data room for M&A due diligence globally, Datasite is consistently recognized for breakthrough technologies like our AI/ML-enabled capabilities and automated redaction tools. Beyond due diligence, Datasite provides transaction and document management solutions for investment banks, corporate development, private equity, and law firms across industries.