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Page 48 of 52

I L T A W H I T E P A P E R | T E C H S O L U T I O N S 49 N egotiating a legal transaction is rarely easy. Things may start off with a hushed barroom conversation or with a sober spreadsheet analysis. Eventually there are offers and acceptances, arguments and compromises, early-morning brainstorms and late-night phone calls. But once the negotiations are done and every compromise is reached, it should be a quick road from there to closing. Unfortunately, the road to closing is often paved by drudgery. Even as firms have moved from paper to electronic documents, the process has not improved significantly. A typical closing process may involve the following: • Creating a closing checklist • Drafting and circulating documents • Collecting feedback, revising documents, generating blacklines and recirculating documents by Sahil Zaman Transforming Transactions A N I N T R O D U C T I O N T O L E G A L T R A N S A C T I O N M A N A G E M E N T S O F T W A R E ( L T M )

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