The answer is definitely yes.
Similar to the financial services industry, the legal industry has been very difficult to innovate for when it comes to the latest technology tools and trends. Financial Services providers are responsible for protecting the assets of their customers – “protection” in its most strictest of definitions. Similarly the lawyers are responsible to make sure their clients are protected against any bad actors and bad actions or behaviors by bad actors. Therefore it is natural to be very careful when it comes to adopting new technology especially if it has a potential of exploitation, cyber attack, but most importantly fraud and tampering of evidence which includes documents.
Legal transactions that are of high value are still, to this day, being transacted (signed) on physical paper using a wet pen, mailed back and forth and copied for safekeeping. Some even make a PDF copy but the originals are still kept around forever. As a society, it will take time for us to go totally digital. However, there are some in the legal community who live on the bleeding edge of technology and have made some significant strides in terms of adopting new technology or at least considering it. The question is, lead by these daredevils, is the legal industry headed in the right direction when it comes to eSignature and Digital Transaction Management technology?
High Performance Counsel is an information destination for the leaders in the legal community who prefer to live their lives at the bleeding edge of technology. Recently Akbar Jaffer, the CMO of ZorroSign sat down with David Kinnear, CEO of High Performance Counsel to discuss the state of technology in legal industry. Read the full interview here.
ZorroSign recently learned that law firms that are serious about technology have established a “technology lab” where they research, test, and contemplate adoption of tech tools in their practice. ZorroSign is an ideal solution for such legal “tech labs.”
If you are a law firm interested in exploring eSignature and Digital Transaction Management (DTM) technology, here are some use cases that other law firms have automated.