Archive: May, 2010

Book Review: The Lawyers Guide to Collaboration Tools and Technologies

From time to time we provide information about resources we think will interest our readers. Below, Exari’s Marketing Assistant, Miriam Evangelista provides a look at Dennis Kennedy‘s and Tom Mighell‘s book, “The Lawyer’s Guide to Collaboration Tools and Technologies: Smart Ways to Work Together.

“The Lawyer’s Guide to Collaboration Tools” sparks a new light on the significance of collaboration in the legal world. The first part is a step-by-step guide that helps lawyers understand the importance of collaboration in the world of legal practices.

Gathering Requirements BEFORE a [Document Automation] Project

So, you’ve decided your organization could improve the way it creates documents. Or, as an ex-McKinsey mate of mine would say, there are ‘development opportunities.

You’re even convinced that document assembly is the way to go. So far so good.

But there are lots of options. What’s the difference between them all? How much is it going to cost? How much is it going to save me? What do I need to do to make it work? Fundamentally, you want to know: Which solution is right for me?

Quantifying The Value of Document Assembly

In his recent post The fictional nature of money, Christoper Penn said,

“Think about how to create the perception of value. Think about how to inspire in someone else the desire to give you anything you want in exchange for that perceived value. What do people value about you, about your products or services? How can you provide more of that value perception? How can you boost the perception of the value that’s already there?”

Penn was talking about the fact that what’s important about money for most people, is the value they percieve in the acquistions they make. He went on to say,

“I know that as a businessman, I tend to value three big things – things that will save me time, things that will save me money, and things that will make me money.”

If you agree with Chris AND you happen to be considering document assembly or, better still, are trying to make a business case, consider this:

Time Savings – Automating your documents means not starting from scratch every time. You can resuse all of your standard clauses and best practices, as well as pull information from your database or CRM systems. Business users can create their own documents via a web interview in a fraction of the time it used to take.

Saving Money – Legal departments don’t need to spend time drafting routine contracts or reviewing the documents, since they created or approved the templates.

Making Money – The sooner your contract is finished, the sooner you can book the revenue. And if your contracts are automated, you know exactly what’s in them (i.e. no one cut and pasted the wrong clause with less favorable terms).

There is solid value in document assembly if you match the right solution to your problem. If you need help in creating a business case for your document assembly initiative, ask us for a sample ROI Calculator to help determine the value to you and your company.

Related Posts:
Show me the Business Case

The Green Lawyer

Unless you’ve been living in a cave for the past few years, you’ll be aware that corporates, governments and consumers alike are taking environmental concerns very seriously. So given that you’re already recycling everything, walking to work and growing all of your own food, what can you do as a lawyer to help save the planet? The following tips should help: