I’ve bought real estate, sold real estate and refinanced many times. Each time I complete a transaction, I think to myself, there has got to be a better way to do this. So much energy is wasted on producing paper documents and going through a huge stack of them and signing them one at a time. But maybe some truly entrepreneurial lawyers are finally getting it right.
While we are far from creating a paperless law office, has the time for true electronic transactions finally arrived?
The marketplace is screaming for more efficiency and lower legal fees. There is a lot of opportunity here for tech savvy lawyers in all practice areas who can find ways to do it better, faster and cheaper.
So what have you done lately to add efficiency to your practice?
Of course this is all tied into how lawyers charge for legal services and until lawyers more fully embrace alternatives to the billable hour, the motivation remains high to continue being inefficient.