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The Law of the Land

From the desk of Closing Folders

SOC 2 Type 1 Audit Certification attained by Closing Folders in LTM First

May 27, 2020 Closing Folders, the leading provider of legal transaction management software (LTM), today announced that it has successfully completed an audit and is now a SOC 2 Type 1 certified organization. This achievement makes Closing Folders the only LTM provider to attain this level of certification for its security controls. “From the very…

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Tips and Tricks for Fully Remote Legal Teams

Yesterday, Closing Folders was proud to host a panel of speakers to learn how legal departments have been managing the transition to remote work over the past few weeks amid the COVID-19 epidemic.  While our speakers hailed from an in-house legal team, a mid-sized law firm and a large international law firm, there were many…

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Closing Software

What is a Closing? A closing generally refers to the finalizing of a corporate legal transaction. Closings can take many different forms depending on whether they involve real estate, mergers and acquisitions, corporate finance or some other area of law. However, they typically will all involve getting documents signed by the closing date and effecting…

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What is an Electronic Closing Binder?

A closing binder, also known as a closing book or record book, is an important product of most legal transactions. After closing a deal, an attorney will compile all related final documents into a closing binder to distribute to the parties involved. Should there ever be a dispute over the terms of the deal, the…

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Why do lawyers need transaction software?

In recent years, the market for transaction software has exploded in the real estate business. Lawyers, real estate agents and home buyers all got fed up with the mess of paperwork involved in buying a house and decided there must be a better way. As a result, many great transaction software products have come to…

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What is Legal Transaction Management Software?

Legal transactions are complicated. It seems obvious, but some might be surprised that a simple sale of one company to another can take hundreds of documents working together in an intricate web to effect a legally binding transfer of ownership.  Lawyers add a lot of value in this process. They can take all of this…

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