Legaltech: Online Forms Now Available
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LEGALTECH: ONLINE FORMS NOW AVAILABLE
Have you heard about legaltech? It’s technology used by lawyers. Today I saw an article in the local newspaper that said that the last Blockbuster video store in Australia is shutting down. After it closes, only one Blockbuster franchise store will exist in the entire world, in the US. Most of us remember making weekly trips to the video store and getting annoyed if we paid a fine for a late return. Nowadays, we all use Netflix or something similar, made possible by faster broadband Internet connections.
We are using Legaltech to automate document assembly
Technology develops constantly, and it changes the way we live and work. Irving Law has developed a series of online forms which our clients can use to feed us instructions to assemble documents for them, like loan agreements, leases, other contracts, and basic Wills. The data fields in the forms will correspond with fields in the templates, allowing us to automate production of the first draft. After that, we will review the draft, and then discuss with the client what, if any, further editing is required.
We don’t intend to give the clients direct access to the templates. We take responsibility for the final product, and work with the client to create a document that works for them.
How do we charge for automated documents?
By automating the first part of the document production process with legaltech, at least one interview per client should be eliminated. We pass on this saving to the client by charging a fixed fee for this first part of the work. After that, we will charge a fair (time-based) fee for further editing work needed to finish the document. That’s the benefit of legaltech. Better for us, better for our clients.
[The author of this blog post, James Irving, is a commercial and corporate lawyer in Perth, Australia. Please contact us if you would like to find out more about using online forms to order a commercial legal document. Photo credit: Digital Nomad by Perzon Seo, a public domain image courtesy of Wikimedia Commons. CC BY-2.0. The photo may be formatted by our website settings.]