Top IPO law firm praises DFIN's sophisticated
tech and 24/7/365 service
CHICAGO, Sept. 24,
2024 /PRNewswire/ -- DFIN (NYSE: DFIN), a leading
global risk and compliance solutions company, announced today that
Wilson Sonsini, a leading IPO law
firm that has represented technology pioneers associated with
thousands of milestone innovations, is the first law firm to
leverage DFIN's ActiveDisclosure concierge platform to streamline
the IPO process for its client, OneStream, Inc.
The news brings together two leaders in the business of
preparing companies for initial public offerings. Wilson Sonsini has advised more U.S. technology
companies on their IPOs than any other law firm and was named one
of Fast Company's Top 10 Most Innovative Companies in
North America for its
forward-thinking approach to improving client service with
technology. DFIN is the global leader for IPO services with
700+ traditional IPOs filed and 350+ SPACs serviced over the last
six years, including a majority of PE- and VC-backed IPOs.
Wilson Sonsini utilized
ActiveDisclosure's sophisticated technology and experienced DFIN
support team, which includes filing, project management, and layout
experts.
"ActiveDisclosure's enhanced functionality, paired with DFIN's
24/7/365 premium service, provided a great client and user
experience," said Michael Nordtvedt,
Co-Head of Wilson Sonsini's Capital
Markets practice. "We were thrilled to work with DFIN to support
the OneStream IPO and anticipate that ActiveDisclosure will
continue to significantly boost the efficiency of IPO
processes."
"Wilson Sonsini is a tech-forward
law firm that brings a passion for innovation, accuracy, and
efficiency to their work," said Craig
Clay, President of Global Capital Markets at DFIN. "We are
excited that a law
firm with such deep IPO expertise is leveraging ActiveDisclosure,
which has been enhanced with the features and functionality
that instill the control and trust legal professionals need."
Here's How It Works
ActiveDisclosure transforms the
IPO registration statement process and addresses some of the
biggest pain points for legal firms guiding clients through an IPO.
It provides an ecosystem of digital workflows, allowing attorneys
to securely share documents for real-time reviews and comments by
clients, bankers, auditors, and other stakeholders using
ActiveDisclosure's role-based collaboration features.
Attorneys can also leverage DFIN experts 24/7 to execute work
that doesn't require strategic legal expertise, including managing
projects, tracking deadlines, providing project guidance and
recommendations, laying out documents, and more. In addition,
ActiveDisclosure offers:
- Innovative Collaboration Features: Users can make,
track, compare, and print change pages only on-demand.
- The Power to Retain Control of Processes and
Documents: This saves time in drafting and editing
documents and ensures accuracy by enabling lawyers to focus on high
value activities while requesting DFIN for support.
- In-App Collaboration with DFIN Service Staff:
Users can assign tasks for execution by DFIN experts 24/7/365.
Streamlining the IPO process for
clients
"ActiveDisclosure significantly streamlined
our Form S-1 drafting process, boosted efficiency, and enabled
close collaboration with our client," said Victor Nilsson, Wilson
Sonsini partner. "The collaboration capabilities and
security features saved time and helped us mitigate risks at every
step."
Historically, law firms have drafted and filed the Form S-1
using financial and other information provided by clients — a
manual process that typically requires hundreds of hours of work.
ActiveDisclosure transforms this process with modern collaboration
software, enabling attorneys to spend more time focusing on client
legal matters. It saves time in what is inherently a
resource-intense, deadline-driven process.
After an IPO, a DFIN team sets up the issuer for successful
transition into post-IPO financial reporting and SEC filing. That's
why clients who benefit from ActiveDisclosure during their IPOs are
better prepared for post-IPO SEC compliance, including the
preparation and filing of Forms 10-Q and 10-K.
About Wilson Sonsini
For more than 60 years,
Wilson Sonsini has offered a broad
range of services and legal disciplines focused on serving the
principal challenges faced by the management and boards of
directors of business enterprises. The firm is nationally
recognized as a leading provider to growing and established clients
seeking legal counsel to complete sophisticated corporate and
technology transactions; manage governance and enterprise-scale
matters; assist with intellectual property development, protection,
and IP-driven transactions; represent them in contested disputes;
and/or advise them on antitrust or other regulatory matters. With
deep roots in Silicon Valley, Wilson
Sonsini has offices in Austin; Beijing; Boston; Boulder; Brussels; Hong
Kong; London; Los Angeles; New
York; Palo Alto;
Salt Lake City; San Diego; San
Francisco; Seattle;
Shanghai; Washington, D.C.; and Wilmington, DE. For more information, please
visit www.wsgr.com.
About DFIN
DFIN is a leading global provider of
innovative software and technology-enabled financial regulatory and
compliance solutions. We provide domain expertise, enterprise
software and data analytics for every stage of our clients'
business and investment lifecycles. Markets fluctuate, regulations
evolve, technology advances, and through it all, DFIN delivers
confidence with the right solutions in moments that matter. Learn
about DFIN's end-to-end risk and compliance solutions online at
DFINsolutions.com or you can also follow us on X (formerly Twitter)
@DFINSolutions or on LinkedIn.
About OneStream
OneStream is how today's Finance teams
can go beyond just reporting on the past and Take Finance Further
by steering the business to the future. It's the leading enterprise
finance platform that unifies financial and operational data,
embeds AI for better decisions and productivity, and empowers the
CFO to become a critical driver of business strategy and
execution. We deliver a comprehensive cloud-based platform to
modernize the Office of the CFO. Our Digital Finance Cloud unifies
core financial and broader operational data and processes and
embeds AI for better planning and forecasting, with an extensible
architecture, so customers can adopt and develop new solutions,
achieving greater value as their business needs evolve. With over
1,400 customers, including 15% of the Fortune 500, more than 250
go-to-market, implementation, and development partners and
approximately 1,400 employees, our vision is to be the operating
system for modern finance. To learn more, visit onestream.com.
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SOURCE Donnelley Financial LLC
