Case Study: McCarthy Tétrault achieves faster, more efficient closings with iManage Closing Folders

McCarthy Tétrault reaches 90% adoption of iManage Closing Folders

McCarthy Tétrault, a Canadian law firm, faced challenges with its manual and inefficient process for handling transaction closings. The firm's reliance on email to circulate documents was time-consuming, prone to human error, and did not meet their standards for streamlined client service. To address this, they sought a solution from vendor iManage, adopting their iManage Closing Folders product to modernize and automate the closing process.

The iManage solution provided a single, integrated platform that automated key tasks like managing signature pages. This resulted in significantly increased efficiency, with adoption reaching 90% of transactional lawyers and over 800 deals processed in two years. The firm achieved faster closing book creation, enhanced client visibility, and even increased boardroom availability, as physical storage of documents was no longer necessary. iManage Closing Folders proved to be an effective tool that became the firm's default process.

McCarthy Tétrault