This year’s FT Law Firm Innovator top 50 ranking once again feature many ContractExpress users. In fact four of the top six innovative law firms represent some of our biggest user communities; these firms have automated a significant number of their transactional documents across multiple practice areas.
It’s great to see the top spot go to Linklaters, one of the first adopters of ContractExpress who joined us back in 2001. Back then they led the way using ContractExpress to deliver their online Term Sheet Generator (TSG), part of the Blue Flag product for banking clients. At the time the offering was a little controversial, but now this move looks positively influential: over a decade later client-facing document assembly is a hot trend. For us, it’s great to be working with firms that try to stay ahead of the curve.
ContractExpress also featured in some of the specific category entries.
Boutique firm, Radiant Law, won the Legal Industry Pioneer award. Founded in 2011 the firm provides a new legal services model combining technology, legal process outsourcing and a pure fixed-fee service. We’re proud to be able to say that ContractExpress is just one of those technologies that Radiant law are using. Huge congratulations to the team for winning this much-deserved award.
NautaDutilh, another one of our clients, were awarded Standout and third place for their submission to the ‘Most Innovative Law Firms in Corporate Law’ category and were also commended in the ‘Most Innovative Firms in Value Resourcing.’ Through the ‘More for Less’ project, NautaDutilh delivered the standard credit & security documentation for a major international bank using ContractExpress automation to optimize the client’s internal processes. Congratulations to the team who worked on this project and won these awards.
With the FT innovation awards in Europe and Seyfarth Shaw’s award at ILTA in the US, ContractExpress users are receiving global acknowledgement for their client facing initiatives. ContractExpress document assembly is undoubtedly evolving into a tool that is playing a crucial role in helping its users win new clients.
For the document assembly sceptics out there, these industry accolades are surely proof enough that document assembly is about so much more than internal document drafting efficiency.
Congratulations to ContractExpress users Seyfarth Shaw LLP for securing two prestigious awards at this year’s ILTA Distinguished Peer Awards.
The first of the two of the is the ‘Innovative Law Firm of the Year Award’. Seyfarth Shaw has become a recognized leader for client service and innovation. The successful launch of the SeyfarthLean Client Solutions Group marks the next step forward for Seyfarth as an innovator within the practice of law. In just a year the group has become well established and has implemented a number of customized, client-specific solutions that address key client concerns. Winning the ‘Innovative Law Firm of the Year’ accolade affirms the precedent they are setting in the market for the delivery of legal services.
The second award is the ‘Innovative Project of the Year’. Reinforcing their position as leaders in innovative client service deliver, Seyfarth Shaw’s latest offering has received praise from many of their key clients. SeyfarthLink adds exceptional value and is a key service differential.
We’d also like to congratulate our customers who were shortlisted for the awards this year. Business Integrity are proud to be working with so many innovative law firms and be able to offer a solution that plays a part in market leading client facing solutions.
Visit our website if you’d like to understand how ContractExpress can plug into your own client initiatives.
ILTA is fast approaching and we’re getting very excited – but it doesn’t look like we’re the only ones: we’ve been watching the hashtag on twitter go nuts over the last few days!
So here’s the lowdown on Business Integrity at ILTA2013
- We’re at booth 533, come and stop by and meet the American team. We’ll be focusing on advanced client extranets with document automation, but we’re happy to talk about any other legal tech things that you’re interested in.
- We’ve got a very sweet promotion to symbolize the increased profits your firm will make with ContractExpress!
- The team will be speaking to the corporate legal members of ILTA on Tuesday because we’re sponsoring the Law Department Track.
- If you want to chat, but don’t get to stop by our booth or won’t be at ILTA, please do get in touch via twitter (@ContractExpress).
- We’re hosting a private dinner on the Wednesday, we’d love for you to join us, please drop us an email to find out more.
And finally…we can’t wait to see some old friends and make some new ones!
Ron Friedman’s post on the Prism Legal blog poses an interesting question: will unbundling routine services from bespoke work, normally charged at the same rate, undo BigLaw?In this post, I argue that unbundling is the only thing that can save BigLaw in the wake of increasing law department efficiency.
Ron draws on a recent New York Times article, More Cracks Undermine the Citadel of TV Profits that offers the legal market lessons on how unbundling can shake-up established players. BigLaw has always faced pressure from smaller, more nimble firms but it’s been able to cope with that pressure pretty well. This is akin to cable companies facing pressure from alternatives like iTunes and Hulu; the bundle still holds strong but something new is lurking on the horizon.
John McCain just introduced the Television Consumer Freedom Act of 2013 into congress. If passed, the law will give cable customers the option of subscribing to channels a la carte i.e. unbundling. While cable customers have to wait for this bill to pass or risk spending even more on a la carte shows on iTunes, in the legal industry, the unbundlers are already here!
If the emergence of LPOs and firms like Axiom isn’t enough to get BigLaw to unbundle, it only has to look at some of the contract automation technology making its way into law departments today. ContractExpress is one such technology and it allows business users to request contracts via Safe Self-Service Contract Creation. By eliminating the review of standard contracts, ContractExpress frees in-house attorneys for higher value work that would otherwise be outsourced to BigLaw.
In fact an April 19th Legal Week article (subs. req’d), Feeling the squeeze – GCs under pressure to cut costs are pushing for more value from their external lawyers, states that, “bringing more work in-house is the most preferable option to help cut legal spend…” As law departments increase efficiency, Biglaw must unbundle to survive and focus on their biggest value-add; bespoke work like M&A and litigation.