Doxly

Doxly emerged in 2016 as a specialized platform tailored for the legal sector, founded by Haley Altman, a corporate attorney with over a decade of transactional experience. Altman's journey from an equity partner at Ice Miller to a tech entrepreneur was fueled by her firsthand observations of the inefficiencies in managing complex legal transactions. Having worked on numerous deals, from small-debt transactions to large-scale mergers at firms including Wilson Sonsini Goodrich & Rosati, she identified a clear need to streamline the chaotic process. This deep industry insight became the bedrock of Doxly.

The company provides a cloud-based transaction management solution designed by corporate attorneys for their peers. Its primary market consists of law firms, particularly those within the Am Law 200, handling intricate legal deals. Doxly's platform automates and organizes workflows for due diligence and closing checklists, consolidates document management, and facilitates collaboration between legal teams and their clients in a secure environment. Key functionalities include a centralized data room, automated signature collection, and the creation of digital "closing books," which archive all transaction-related information. This approach transforms the traditionally fragmented process involving emails, checklists, and data rooms into a single, unified system.

The business model centered on providing this software as a service to legal professionals. By centralizing the entire transaction process, the platform not only enhances efficiency and reduces timelines but also generates valuable data and analytics on deal trends. In August 2019, just over three years after its inception, Doxly was acquired by Litera, a major provider of legal technology solutions. This acquisition was a strategic move for Litera, strengthening its position in the transaction management space by combining Doxly's U.S. market focus with its own existing solutions. Following the acquisition, Haley Altman transitioned into a leadership role at Litera, continuing to influence the evolution of legal technology.

Keywords: legal transaction management, legal tech, deal closing platform, corporate law software, due diligence automation, signature management, closing checklists, virtual data room, closing books, legal workflow automation, Am Law 200, law firm productivity, Haley Altman, Litera, legal collaboration platform, M&A software, venture capital transactions, document management system, deal analytics, legal practice management