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Myerson Solicitors

Efficient mid-market M&A due diligence with Drooms

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Over de casestudy

Myerson Solicitors is a full-service UK law firm with a strong corporate practice focused on mid-market mergers and acquisitions. The firm regularly advises on Transactions in the £10-50 million range. In a recent share sale of a health and lifestyle business, Myerson Solicitors acted for the seller on a transaction valued at approximately £20 million. The target company employed between 30 and 40 people and held a combination of government and private contracts, as well as various property interests. This required coordinated input from Myerson Solicitors’ corporate, employment and property teams, and a data room platform capable of handling a broad set of documents without losing structure or control. Myerson Solicitors used Drooms as the central platform for the sell-side data room, keeping the process secure and organised while significantly reducing review time for the legal team – and, in turn, thousands of pounds in costs saved for the client.

Flexible vendor due diligence setup

Myerson Solicitors let the seller upload documents directly into Drooms while their team of lawyers controlled approvals and permissions. This kept the client involved but ensured only relevant, non-duplicated documents entered the live data room.

Faster review on mid-market deals

Using Drooms’ structured index and in-document keyword search, Myerson Solicitors’ lawyers could jump straight to key clauses, such as change of control, instead of reading every contract end to end. This typically removes hours of manual review on a deal and ultimately saves the client money on billable time.

Secure collaboration across legal teams

Corporate, employment and property specialists at Myerson Solicitors all worked from the same, clearly organised room aligned to the due diligence questionnaire. With a focus on data security and controlled access, Drooms provides a secure workspace where internal teams and external advisers see only what they need.

About Myerson Solicitors

Myerson Solicitors is a multi-service firm offering Corporate, commercial, employment, private client, commercial litigation, property litigation, residential property and commercial property advice. The corporate team sits at the centre of the firm’s transactional work, coordinating input from other departments whenever a business is bought or sold. On mid-market M&A Deals , Myerson Solicitors has worked with a variety of data rooms chosen by third parties when acting on the buy-side, which has given the team experience with a range of platforms. Internally, however, Drooms has been the firm’s data room platform of choice for the past few years. Given the range of departments involved in each sale, a single, well structured data room platform is critical to keeping transactions on track. Insights in this case study are based on the experience of Charlotte Peers, Associate in Myerson Solicitors’ corporate team.

Organised sell-side M&A due diligence

For Myerson Solicitors, Drooms has become the platform of choice for mid-market sell-side M&A. From the outset of a transaction, the team organises documentation around its due diligence questionnaire (DDQ) and shares the corresponding folder structure with Drooms. The customer success team then sets up the data room to mirror that structure, so when a new room opens, the folders are already aligned to the DDQ, and lawyers can start working immediately in an environment that feels familiar and intuitive.

Letting the seller upload documents directly keeps the client closely involved in the process, while Myerson Solicitors’ lawyers use Drooms’ approval tools to review, approve or reject documents before they become part of the live data room. This approach allows the client to move quickly on administrative tasks, while the firm maintains control over how information is organised and removes duplicate uploads that could otherwise clutter the room.

HET DOEL

Efficient, cost-effective M&A due diligence
“With Drooms, we save hours on each deal. This translates into thousands of pounds in cost savings for our clients, while giving us a structured, reliable way to manage disclosure on complex transactions.”

Charlotte Peers

Associate, Corporate, Myerson Solicitors.

Enhanced control, faster deals, and better collaboration

Charlotte Peers sees the biggest gains in efficiency and control from using the Drooms platform for their transactions. With Drooms’ search, AI powered redaction and indexing capabilities, the team can locate key clauses in seconds, protect sensitive information and generate an index that feeds directly into the disclosure letter instead of being built manually. “From an efficiency and ease of use perspective, Drooms stands out from other data rooms we come across on transactions,” says Charlotte.

As the seller responds to the DDQ and the same document appears under several questions, Myerson Solicitors uses the approval workflow to remove duplicates and keep the data room uncluttered and easy to navigate. Paired with granular permissions and controlled access, this gives the firm a faster, more reliable disclosure process on complex transactions and supports smoother collaboration between corporate, employment and property specialists as well as external advisers.

Vlotte onboarding en betrouwbare ondersteuning

Myerson Solicitors’ positive experience with Drooms is reinforced by the support provided by the customer success team. When a new room is required, the firm sends its preferred folder structure and can rely on Drooms to configure the environment quickly in line with that template. This reduces the administrative burden on lawyers and allows them to begin substantive work sooner. “It makes a real difference having a consistent contact at Drooms who knows our firm and our deals, rather than dealing with anonymous support or chatbots,” says Charlotte.

The firm values the speed of response when clients encounter issues. The customer success team steps in quickly, whether to troubleshoot technical problems or to help users get more out of the platform’s features. Having direct contacts, including an account manager and a regular point of contact in customer success, means Myerson Solicitors does not have to repeat its needs to different representatives or rely on generic automated support. The firm is exploring how to extend the platform’s use beyond the corporate team to departments such as commercial litigation and property, underlining the value it sees in a centralised deal platform across the firm.

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