On August 24, 2020, iManage announced it acquired Closing Folders. The acquisition uniquely enables iManage to deliver automation and governance over transactions and deal documents from creation to closing.
Closing Folders automates repetitive, error-prone tasks enabling lawyers to reduce risk and time-to-close while improving accuracy, transparency, and client service. Every month, over 4,000 legal transactions are negotiated, signed, and closed using Closing Folders. These transactions range from small commercial lending deals for local businesses to multi-billion-dollar acquisitions of global companies.
iManage is a leading provider of work product management solutions for law firms, corporate legal departments, and other professional services firms such as accounting and financial services.
Osler, Hoskin & Harcourt LLP advised Closing Folders with a team consisting of Chad Bayne, David Jamieson, Andrew Irwin and Horatiu Porime (Emerging and High Growth Companies), Damian Rigolo (Employment), Dov Begun (Tax) and Kelly Moffatt (Intellectual Property).