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.
linked to a firm’s CRM and can integrate with Docusign.
which constricts the number of templates a lawyer or practice group can create.
no use of proprietary editors, and no need to reapply styles to generated documents. This capability is unique to Contract Express contract automation software and protected by thirteen granted US patents with more pending.”
Datasheets, Matters, Document Versioning and Contract Express Author.
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.
manually edited documents with internal users and clients.
legal matter.The relevant answers in the questionnaire are populated in related documents. Its new Workflow Steps feature allows template authors to suggest the next template within a matter and ensuring necessary steps are followed.
lawyer marks up their template, Contract Express processes the Word file and automatically generates the questionnaire to guide lawyers and other users through a document.
|Contract Express Questionnaire
website. Seyfarth Shaw offers clients Contract Express generate ddocuments on its SeyfarthLink portal.
Contract Express Integration with TR Drafting Products. According to Wishart, future developments will include the integration of Contract Express into two other Thomson Reuters products: Practical Law and Drafting Assistant. In the near future a lawyer will be able to select a document from Practical Law hit a “draft” button and use that document to create a Contract Express template, which is tailored to the needs of his or her client.
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.