On October 12, 2006, Davies Ward Phillips & Vineberg was presented with the award for "Best Client-Facing IT Project by a Law Firm" during the 2006 Legal IT Forum held at the Gleneagles Hotel in Scotland.

The award was presented in recognition of Davies' dealroom, an online service designed to facilitate legal transactions and offer a flexible and intuitive online environment for the entire life cycle of a transaction, including:

o           managing the due diligence process

o           managing transaction document production and negotiation

o           managing working group communication

o           implementing a closing of the transaction

o           producing record books of the transaction

Davies worked with developers Version 5.1 Inc. in designing dealroom, which is now being utilized for everything from negotiation of a single contract to public offerings and complex multi-jurisdiction auction sales.

As one of our initial online transactions, dealroom was used successfully for a client with operations in eighteen countries, each country with its own legal representation and operating information.  The due diligence features of dealroom were used to organize over 9,000 documents and make them available to bidders.  dealroom provided the client with immediate and pinpoint control over information disclosed in the bidding process and resulted in better deal management, improved visibility and enhanced service from counsel.

Clients who have used dealroom have experienced the advantage of efficiency gains, reduced costs and enhanced control over process.  Our clients have commented on how the application is intuitive, simple to operate and provides more relevant functionality than many commercial services.  Lawyers report that using dealnroom locates all deal documents in one place and results in greater organization, making their lives significantly easier.

 

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CONTACTS:

Gary Nurse                                        Nicolas Rubbo
Manager, Marketing                           Manager, Marketing
Toronto                                              Montréal
Tel. 416-367-6902                               Tel. 514-841-6451
gnurse@dwpv.com                             nrubbo@dwpv.com