Case Study: McCarter & English LLP saves hours on deal closings with Prodeal

McCarter & English LLP saves hours on deal closings with ProDeal

McCarter & English LLP, one of the oldest law firms in the U.S., faced a challenge where its attorneys were spending hours each week managing documents and acting as de facto archivists for their venture capital transactions. To support their clients and remain fast and organized, they needed a secure data room for collaboration, leading them to the vendor ProDeal.

ProDeal provided a secure and intuitive cloud-based data room solution. The platform's ease of use, smart checklists, and drag-and-drop functionality saved the firm hours of effort on document management and retrieval. This allowed two firms to seamlessly collaborate on a live fundraise, eliminating repetitive calls and emails. As a result, McCarter & English now uses ProDeal for its preferred stock and convertible note financing transactions.

McCarter & English LLP