JordanFurlong + docs   3

PartnerVine Launch in Beta | Press release | PartnerVine
: PartnerVine, an online portal for the sale of automated legal documents, launched today in a beta version. With PricewaterhouseCoopers Switzerland's legal arm ("PwC Legal") as its initial supplier, the launch is the first time a major legal service provider sells automated legal documents to the public, which marks a major milestone in how legal services are sold. 

"PwC Legal has opened its Swiss-law automated document library for sale on an unbundled basis. From now on, customers of PartnerVine can start their in-house legal projects with the resources of major legal service providers, at a fraction of what it'd cost to have us do the work manually. There's nothing like it in the world and we're thrilled to be leading the way," says Dieter Wirth, head of Tax and Legal Services at PwC in Zurich. 

"The value proposition for in-house counsel is clear. You can get the document and guidance notes in a smart questionnaire that'll get you up and running for a fixed price. No more telephone calls to figure out the options--just buy your document and get going," says Jordan Urstadt, CEO of PartnerVine. 

PartnerVine has launched in beta with a first set of documents under Swiss law from PwC Legal. PwC Legal, shortly to be followed by additional documents from Meyerlustenberger Lachenal ("MLL"). Subsequently, both PwC Legal and MLL aim to produce a complete suite of corporate documents aligned with their practice areas. During the beta phase, the documents will only be sold to customers that do not have an independence-relevant relationship with PwC (including, but not limited to, being an audit client of PWC). The launch in beta is to provide an opportunity for early adopters to provide feedback, build the community and improve the offer. 
docs  accountants  it  robo 
october 2017 by JordanFurlong
Prism Legal Document Assembly in the Real World (Live #ArkKM) - Prism Legal
Faster, better, cheaper, smarter, happier > the key drivers.

When billing by the hour, faster drafting makes a practice more competitive. One firm cites big drop in write-offs – and cost reduction – by using D/A.

Faster is great, but must also deliver high value. One firm says using D/A right way takes time from 40 hours to 20 minutes.

D/A ensures higher consistency than humans can.

Re-allocate lawyer time from mechanical drafting to higher value, critical thinking.

Practice analytics, for example, capture party data systematically

Embed training in the document to assist new lawyers.

Improve lawyer satisfaction by reducing drudge work.

Collaborate more effectively with clients.

Benefit form vendor-provided, ready-to-go templates.

Challenges

Leadership buy-in: Management may be skeptical that it’s possible to automate complex documents. One way to overcome: do a proof a concept.

Form development: Can be hard and time consuming. Some practices have forms that are not so good, they may blame D/A software or KM for fact that it’s hard to automate form – when the form itself is bad. Another example: one practice realized, from doing PoC, that it had to change it forms. Note that some providers, not just D/A ones, provide forms.

Billable hour reductions: Management may not like reduction in hours = “Associate Killing Technology”.

Commoditization fears

Cost concenrs

Labor / staffing

Training opportunities: More senior lawyers say “I learned by spending hours or weeks going through a form – others should do so”. Panelists believe that’s not necessary. (RF: I agree with panel)

Adoption

Is It the Right Solution?

Volume of use must be high enough to justify investment in building an automated form.

If turn aound time is key, then yes.

If consistency is critical, then yes.

If firm or practice faces price pressure, yes.

If keeping associates is a goal, yes.

If above answers are no, you may have to wait.
docs  it  firms  process  laterals 
october 2017 by JordanFurlong
Exigent Group Limited – Chameleon | DocBuilder | Document automation tool
verview
Exigent’s Chameleon DocBuilder is an easy to use document generation and automation tool, ideal for simple agreements, NDAs and other legal documents. It gives you a quick and easy way to draft, sign and execute simple agreements. The tool is totally customisable and adaptable to your specific needs.

The technology is built by Exigent and the legal logic by McCarthy Tetrault. This tool will allow you to reduce time spent drafting and allow other stakeholders (sales, procurement, etc) to build their own standard contracts that conform to legal department standards. It also allows you an option to store and manage your smart contracts in one integrated, web-enabled secure central repository.
innovation  firms  docs 
may 2017 by JordanFurlong

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