Doxly, now part of Litera Transact, is an AI-powered legal transaction management platform designed for law firms, corporate legal teams, and dealmakers to streamline the execution of complex legal transactions. By leveraging machine learning, workflow automation, and real-time collaboration tools, Litera Transact eliminates inefficiencies in M&A, real estate, and corporate deal management, ensuring faster closings, secure document storage, and enhanced compliance tracking.
With AI-driven checklist automation, digital signature integration, and real-time deal tracking, Litera Transact provides a centralized platform for managing high-value legal transactions efficiently.
Features
AI-Powered Legal Transaction Management
- Automates deal checklists, document organization, and closing workflows
- AI identifies missing documents, incorrect filings, and compliance gaps
Secure Digital Document Collaboration
- Centralized cloud-based deal room for document sharing and approvals
- AI-powered contract version tracking and redlining tools
Automated Closing Checklists and Due Diligence
- AI generates real-time status updates on closing progress
- Tracks due diligence tasks, required approvals, and outstanding contract obligations
E-Signature and Digital Execution
- Seamless integration with DocuSign and Adobe Sign for legally binding e-signatures
- Automates signature tracking and document execution workflows
Real-Time Deal Tracking and Audit Trails
- AI monitors deal milestones, outstanding approvals, and closing conditions
- Provides audit-ready compliance logs for regulatory reporting
Seamless Integration with Legal and Financial Tools
- Works with Microsoft 365, iManage, NetDocuments, and law firm CRM systems
- API access for custom transaction workflow automation
How It Works
Step 1: Set Up a Deal Room and Upload Documents
- AI organizes legal documents, contracts, and transaction checklists
Step 2: Automate Closing Workflow and Assign Approvals
- AI tracks deal progress, pending signatures, and compliance requirements
Step 3: Collaborate and Execute with E-Signatures
- AI automates contract execution and securely stores signed documents
Step 4: Generate Closing Binders and Compliance Reports
- AI-powered system creates audit trails and generates final deal reports
Use Cases
Law Firms and Corporate Legal Teams
- Automates M&A, real estate, and corporate transactions
- AI ensures contract compliance and accurate legal documentation
Mergers & Acquisitions (M&A) Deal Management
- Centralized deal room for organizing and reviewing transaction documents
- AI tracks closing milestones and pending approvals
Venture Capital and Private Equity Firms
- AI automates funding agreements, investor documents, and legal due diligence
- Tracks deal progress from term sheet to final execution
Real Estate and Commercial Transactions
- AI manages lease agreements, financing deals, and title transfers
- E-signature integration accelerates closing timelines
Pricing
Basic Plan
- AI-powered legal transaction workflow management
- Limited integration with document management systems
Pro Plan
- Full AI-driven checklist automation, compliance tracking, and e-signature workflows
- Seamless integration with legal CRM and contract lifecycle management tools
Enterprise Plan
- Bulk transaction processing, custom API integrations, and AI analytics
- Advanced security features for high-value deal management
For detailed pricing, visit the Litera Transact (formerly Doxly) Pricing Page
Strengths
- AI-powered transaction managementreduces deal execution time
- Automated closing checklists and document trackingimprove efficiency
- Secure cloud-based deal roomenables real-time collaboration
- E-signature integration with DocuSign and Adobe Signensures fast execution
- Seamless integration with legal document management systems
Drawbacks
- AI-driven deal tracking may require manual validation for complex transactions
- Advanced reporting and analytics features are only available in enterprise plans
- Initial setup and training may be required for law firms new to digital deal rooms
Comparison with Other Legal Transaction Management Platforms
Litera Transact vs iManage Closing Folders
- iManage Closing Folders specializes in legal transaction checklists, while Litera Transact provides full AI-powered transaction workflow automation
- Litera Transact is better suited for high-value M&A and real estate transactions
Litera Transact vs DocuSign Agreement Cloud
- DocuSign focuses on eSignatures and contract execution, while Litera Transact automates the entire legal transaction lifecycle
- Litera Transact is better for law firms handling complex multi-step legal closings
Litera Transact vs ContractPodAi
- ContractPodAi focuses on AI-powered contract lifecycle management (CLM), while Litera Transact optimizes deal execution and closing workflows
- Litera Transact is better suited for legal teams managing multi-document transactions
Customer Reviews and Testimonials
Positive Feedback
- Litera Transact has reduced our closing time for M&A deals by 40% with automated checklists and e-signatures, Corporate Legal Counsel
- The AI-powered deal tracking ensures we never miss a closing deadline, M&A Attorney
- Seamless integration with our law firm’s document management system made transactions much more efficient, Legal Operations Manager
Constructive Criticism
- Would like deeper AI insights into deal structuring and negotiation analytics, Private Equity Analyst
- Some complex transactions still require manual oversight despite AI-powered workflow automation, Law Firm Partner
Conclusion
Doxly, now Litera Transact, is an AI-powered legal transaction management platform that enhances deal execution, closing workflows, compliance tracking, and document collaboration for law firms, M&A teams, and corporate legal departments. Whether managing mergers & acquisitions, real estate closings, or private equity deals, Litera Transact streamlines transaction workflows with AI-driven automation and real-time collaboration tools.
Want to accelerate legal transactions with AI? Visit Litera Transact (formerly Doxly) today!
