Virtual Data Rooms as a litigation solution

Using VDR during litigation will make the process quicker, more clear and efficient!
Fast and quick are the words describing today’s world, which is becoming more and more digital with every day. Due to these changes, people try to make everything quickly approachable and digital. For example, companies are getting reduced from Physical Data Rooms (PDRs) and beginning to store the information in so-called Virtual Data Rooms (VDRs). Virtual Data Rooms enable the high-level security of company’s data, 24/7 online access, all-time support and are cheap in use. The simplicity of its usage attracts companies from different industry branches such as accounting, marketing, banking, pharmaceuticals, law etc.

VDR during litigation process

The business of law is changing rapidly. Lawyers are dealing with decreased timelines, collaborating with co-clients and counseling all over the world. That all causes some troubles in making sure that people are sharing the right information, that files and versions are accessible to the right people at the right time across the world. That’s where the VDR comes in, providing great solutions to all company’s internal law teams as well as external and helping them to communicate and solve trial questions faster.

During litigation, VDR enables quick access to the private information in order to view the contract and explore the evidence to the case quickly. Virtual data room providers will make it easy for you to organize all documents in a way that your client and other members of the trial will access all information fast and easily. You can also use VDR to collect and analyze the information in order to be prepared to every pre-trial, trial and post-trial phase.
Handling a huge volume of users and documents in the trial of the class action, and to meet shared between you and co-counsel inherent to VDR - he was built for this purpose. Our model resolution allows customizing the personal folders - where the plaintiffs and co-counsel can load your own data is visible only to himself and shared folders are visible to all. Tools such as in-app messaging, email notification, and the designation of tasks via comments, status, and tags built into VDR, to help you navigate the process.

Here are some beneficial features you may get from using VDR for your litigation process:
Save your time and money

First of all, it saves a great amount of time. Using online storage the process will take minutes when earlier it used to take days or even weeks. There’s no need to go through cabinets searching for different documents placed on endless shelves.

You may be sure that all parties will access only the information you want to show them and nothing will be overlooked.
VDR and everyone will access them from where they are at that very moment.

Lawyers also don’t have to sit at the office all night, searching through files – with the help of VDR they are able to reach for files outside the office.
With the help of VDR, you are now provided with confidentiality

Being send from part A to part B via post, there is a huge chance of documents’ leakage which can cause great problems for lawyers and the law firm itself. Using VDR your files are insured against robbery etc.

VDR providers always use high-end protection such as encrypted passwords, complete authorization of the user and all of that ensures that your sensitive information doesn’t get into the wrong hands or it will be displayed elsewhere.

Secure VDR enables complete control over all information used during the litigation process. You may see in the real time what files are being accessed to and viewed. At the same time, the opponent company may view only those folders you want them to view.

In comparison to physical data storages, Virtual Data Rooms are efficient and way more useful in many different branches as well as during litigation. One of the biggest VDR’s advantages is an ability to work remotely (it will not disrupt the working of the target mode), control range of people who have access to documents (they are granted, are personal passwords), and the ability to provide the documents to several consultants simultaneously (e.g., legal and financial or when there are few potential buyers and their advisors check the target company at the same time), the ability to adjust the parameters of documents and information (for example, a ban on printing or copying), process control, speed and volume of documents ( this allows the buyer to understand what could be the reason for the delay preparation of the report - the slow work of the consultant or the late submission of documents by purpose).

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