Last October Thomson Reuters announced the acquisition of a UK based company Business Integrity which had developed a document assembly product called Contract Express. According to the press release the product had already been adopted by an impressive list of Magic Circle" and Am Law 100 firms. The product offers enterprise licenses for large law firms and corporations. I recently spoke with Andy Wishart, Global Head of Contract Express, to learn about the product and to get an understanding of where it fits in the constellation of Thomson Reuters drafting products. According to Wishart, Contract Express can reduce the time a lawyers spends getting to a first draft by 82%. Wishart Views Contract Express as a “second generation” product which will lower the barrier of entry for “non-technologist “lawyers.
Law firms are using the product internally to streamline the production of high volume documents. Several firms are leveraging the product as service for existing and potential clients. Corporations are integrating the product with Salesforce.com and provide employees with a self service document portal. Contract Express can be linked to a firm’s CRM and can integrate with Docusign.
The Contract Express website describes the products advantages:
Datasheets feature enables users to create dynamic views of the transactional information contained in documents created by Contract Express. This advanced feature allows law firms and their clients to gain greater insight into their automated documents, surfacing valuable information such as key dates, non-standard clauses, deal values and more.
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Contract Express for Client Portals and Marketing
Several law firms are using contract express as a differentiator. Seyfarthlink and Baker Donelson have portals that enable clients to enter to a branded Contract Express website. Clients can create documents in a self-service environment.
Cooley LLP offers a free suite of Contract Express generated documents for start-up companies on its CooleyGo website. SeyfarthShaw offers clients Contract Express generated documents on its SeyfarthLink portal.
Given the relentless pressure on law firms to streamline workflow and develop innovative client support products, Contract Express is hitting two of the "hot button" issues which always get the attention of law firm leaders.
Thomson Reuters is currently offering free trials of Contract Express.