dealcloser is a transaction management solution and our mission is to eliminate the soul-crushing manual labor that makes up a large part of the legal transaction process.
With our all-in-one solution, lawyers and legal professionals can work on their deals from anywhere and close their transactions easily, efficiently and without mistakes.
With our solution, corporate legal professionals can focus on what matters most: negotiating the best deal for their clients and closing those deals on time and with accuracy.
Tell us about yourself?
While working as a corporate lawyer, I saw the inefficiencies of the deal closing process firsthand. Tracking versions, exchanging documents, ensuring every party signed every document properly and creating a closing binder—we did it all by hand.
So in 2017, I decided to leave the corporate legal world to start my own company—dealcloser. I teamed up with my co-founder Mike O’Connor to create the solution I yearned for back in my lawyer days.
If you could go back in time a year or two, what piece of advice would you give yourself?
Start sooner. If I had left my corporate law job as soon as I had the idea, I could have had an extra 2.5 years. That extra time would have been invaluable.
What problem does your business solve?
dealcloser reduces (or in many cases, eliminates) the manual labor that corporate legal assistants, paralegals, associates and partners face day-to-day. This includes document automation, document storage, e-signing, collaboration, closing binders and much more.
By implementing dealcloser, legal professionals are able to automate redundant, time consuming tasks and focus on higher-value work instead. In return, our users have more spare time in their day and the firms see an increase in revenue.
What is the inspiration behind your business?
As a former corporate lawyer, I saw the inefficiencies of the deal closing process first hand. I often found myself thinking of how I would improve our workflows if I had the autonomy to do so.
So, instead of waiting for the solution to fall in my lap, I decided to quit and build the solution myself. Ultimately, I lived the problem dealcloser solves firsthand and while it’s cliche, I decided that there has to be a better way of doing things.
What is your magic sauce?
The most important part of building a technology company is having the right team in place to make it all happen. Running a startup is far from easy but with the right people around, the challenge becomes much more doable.
The dealcloser team is a group of individuals who are hard working and who genuinely care about the people our product helps. Our team is also passionate about what we spend each day building, marketing and selling.
What is the plan for the next 5 years? What do you want to achieve?
Over the next 5 years, the plan for dealcloser is to be the only transaction management company that corporate lawyers need. We also aim to grow in other markets outside North America.
What is the biggest challenge you’ve faced so far?
The biggest challenge was taking an idea and turning it into a product that people use and pay for. You need a product to get customers, you need customers to obtain capital, and you need capital to build a product. This circular problem means you have to ultimately do all three at once.
We started dealcloser with a PowerPoint presentation. Today it’s a business with customers all over North America, a product that’s used daily by our customers, and a team of hardworking individuals.
How do people get involved/buy into your vision?
From a team perspective, new people first buy into our existing team members and our culture.
We strive to ensure that dealcloser is an awesome place to work and new people first have to be happy with where they work and the people they work with before truly buying into our vision and solving the problems we solve for our customers.
Knowing that we solve a very real problem for our customers and truly make a positive impact on their working lives is motivating for all of us here.
If you are a corporate legal professional looking to adopt a transaction management solution in your workflows, the first step is to book a demo with a dealcloser Account Executive.
Throughout the demo requesting process, you can outline what features you are most interested in.
From there, our Account Executives will create a tailored 30 minute demo for you and any other members of your team that may be interested.
In addition, if you are interested in learning about the ROI your company can experience after implementing dealcloser, we have a simple ROI calculator that you can fill out prior to your demo. There are several subscription options available and we are happy to work with your firm to get you exactly what you need.