Most law firms think transaction management starts at the close. The data tells a different story.
Across thousands of matters on the Legatics platform, the patterns are consistent: the work that determines whether a deal runs smoothly happens long before execution. Task and deliverable management, document collaboration — this is where deals are won or lost. The close is the conclusion, not the main event.
This report draws on aggregate platform data and practitioner insight to show where deal work really lives, what the most mature firms do differently, and what it costs firms that manage only the final stage.
What’s inside
- Aggregate data from thousands of live transactions showing where deal activity is concentrated
- The transaction maturity model: five stages from foundation to advanced, with observable patterns at each tier
- Five hallmarks of how the most effective transactional firms manage deals
- The operational and strategic cost of a closing-only approach to transaction management
