It’s no secret that the legal world is under more pressure since the pandemic, with lawyers increasingly being expected to provide better service for less cost.
The law is constantly changing too, making it more difficult for lawyers to ensure their clients’ legislative and regulatory compliance, and keep up with best legal practice. These challenges can be particularly demanding where lawyers are required to prepare documents covering areas that they do not specialise in.
While many large firms and multi-national organisations have access to legal document automation systems, many sole practitioners and small practices do not require such a sophisticated solution. This is where on-demand legal document providers can help.
On-demand legal document providers offer a range of cost-effective legal and commercial documents that lawyers can purchase on behalf of clients. In under 20 minutes, these documents can be tailored to meet the client’s needs.
Here are just 3 reasons to start using them now.
Legal documents prepared by lawyers, for lawyers
As the law is constantly changing, lawyers face increased difficulty ensuring legislative and regulatory compliance for their clients, particularly if they are required to prepare documents covering specialist areas which they do not particular expertise in, such as superannuation law.
For example, the primary legislation governing the supervision and regulation of the superannuation industry has been updated to account for changes introduced across more than five separate amending acts over the past two calendar years. Keeping up with such a significant raft of changes can be an onerous task – even for the specialist!
Cleardocs, an on-demand legal document provider, partners with Maddocks, a nationally recognised law firm with dedicated teams in several commercial sub-practice areas including trusts, tax, superannuation, estate planning and employment law. Lawyers from Maddocks are constantly reviewing and updating these documents to ensure that they are reflecting the continually changing laws.
Up-to-date legal documents
Keeping up to date with best drafting practices is another challenge for sole practitioners and small firms. Such practitioners may not prepare the volume of documents required, in a particular area of law, to justify the substantial commitment to regularly update their precedent libraries.
For example, if you only prepare a small number of discretionary trusts per month, it may not be viable to commit the time and money required to keep on top of relevant stamp duty and land tax changes, such as changes that target foreign person beneficiaries of such trusts. This area is particularly problematic if not monitored closely as the changes can impact most discretionary trusts unless particular drafting is included in the underlying deed.
By choosing a document provider that uses a legal team who specialise in taxation, practitioners can be assured that there are specialist teams reviewing and amending the underlying template, such as discretionary trust deeds, to ensure they are up to date with the most recent taxation laws.
Save costs and time in your legal practise
On-demand legal documents will help lawyers save time and costs in the process of their work because most of the work has been done. This provides better value for money for your clients too.
The documents available for purchase are typically offered at significantly lower cost compared to costs a client would typically incur in having a lawyer prepare the same document from scratch.
After purchasing a document, online platforms will email an invoice, which can be then added as a disbursement when billing clients.
Online legal document providers, such as Cleardocs, offer a cost-effective alternative to drafting compliant documents in-house, saving considerable time and resources. With a wide range of documents, Cleardocs is the most comprehensive document suite available.
This article is adapted from I’m A Lawyer, How Can Cleardocs Help Me?, which was first published as part of ClearLaw on www.cleardocs.com. You can read more ClearLaw articles on related topics here.
