Attorneys Find New Ways to Share Case Files Online and Avoid Expensive Litigation Hosting Services with Firmex
Firmex announces cost-effective offering that complements legal best practice principles which urge litigation teams to share documents electronically. A challenge to securely sharing hundreds or thousands of confidential documents has been cost. What can typically cost up to $100,000 for document distribution on a claim can be a fraction of the cost with document room services offered by Firmex.
Simply making photocopies of large numbers of documents to distribute to half a dozen parties can cost thousands of dollars. Scanning documents to CDs is not inconvenient for shared access, is cumbersome to distribute, nor is it particularly secure. “Litigation hosting services in the market charge $40 to $80 a gigabyte per month for hosting documents. In a case with 50 gigabytes of documents it’s understandable that litigators stay offline. However with Firmex, litigators can host documents for a fraction of that rate “says Joel Lessem Firmex CEO.
While corporate lawyers have rapidly adopted virtual data rooms for almost every M&A deal, litigation remains in the technical “stone age” commented one litigation partner. In the many cases it is common to keep documents on a local file server and scan them to CD-ROM for distribution. Now, an increasing number of litigators have realized the cost savings that can be realized from hosting and distributing documents on a secure, web-based site. “Firmex originally licensed its highly secure document sharing platform to law firms for running corporate transactions. We visit our clients and we find them running litigation cases because of convenience and low cost. We now have a litigation template and adoption has been swift”, says Aaron Booth, Vice-President, Client Success at Firmex.
“The whole world is moving online. Digital storage, bandwidth and hosting have become much more affordable with scale. I really see no reason why attorneys should suffer the inconvenience and cost of sharing documents by paper, CD-ROM or the high cost a document hosting service anymore,” says Lessem.
As a result, litigators are taking advantage of Firmex’s secure document sharing and collaboration at a low flat monthly rate. Litigators can now have multiple cases and 100,000s of secure and accessible documents in their own private-label document room. With no charge for data, and no fee per data room, Firmex provides litigators secure document sharing convenience for all their cases both small and large.
About Firmex
Intuitive, affordable, pervasive – thousands of companies choose Firmex Virtual Data Room (VDR) solutions to securely share their highly confidential documents. Leaders in corporate and financial transactions, M&A, compliance, litigation, and procurement value Firmex’s ease of use and outstanding support to profitably accelerate their online document sharing and collaboration projects. More information about Firmex can be found at www.firmex.com.