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By Jared Correia, Red Cave Legal, Official Consulting Partner of the IndyBar
Quick: What are the two things that lawyers do the most?
If you answered: respond to email and create documents, you’d be right. Yet, even as lawyers spend more time creating documents (pushing electronic paper) than anyone else, they’re still using antiquated methods for building documents from templates.
Attorneys are very good at creating specific documents for clients from existing templates. But, when they run through that process, they’re often using antiquated tools, like ‘find and replace’, or making edits by hand. That’s one of the reasons that legal services are so expensive, is that lawyers’ old school methods make it that way.
The average solo lawyer would pay less than $100 per month for document automation software; and still, most law firms don’t implement it. Think, however, about the advantages of doing so. What if you could finalize an estate planning package in 1/4 of the time. Imagine the possibilities! You could do 4 estate plans in the time it now takes you to do one, with an aim to increase your revenue. You could charge less for the estate plans you now create. Or, you could just go on a couple more vacations each year.
The point is, that for most law firms, the easiest, and also most massive efficiency upgrade that can be made is to adopt and master document automation software.
So, what are you waiting for? Oh, yeah: find and replace.
If your template building is slowing you down, we can help get you up to speed.
The IndyBar offers FREE law practice management consulting services through Red Cave Law Firm Consulting. To request a consult, visit the IndyBar law practice management consulting landing page, and start running your law firm like a business.