By On Oct 04, 2018 Form Template
The legal industry has been slow to make itself more efficient by using technology, but this is changing. New tools help lawyers automate processes, conduct research and even do contract reviews. Lawyers also use technology to make it easier for you to find a quality lawyer within your budget, or to do some of the legwork yourself.
Startups in Silicon Valley raising their first round of funding can spend upwards of $80,000 on legal fees, according to VentureBeat. Neither the entrepreneur nor the investor wants to see that kind of dough diverted from product development and marketing to lawyers. Enter iDisclose, co-founded by Georgia Quinn. “It takes a TurboTax-like approach, enabling entrepreneurs to do 80% of the work using an online tool that walks you through every step of writing legal agreements with investors,” Quinn says. You still, however, need a lawyer to review the document.
The standard form is immediately recognized by all parties in a transaction and the county clerks,” said Daniel Price, president and CEO of OneTitle National Guaranty Company, who deals with real-estate transactions using powers of attorney frequently. “If you presented them with anything other than the standard form…there is no guarantee that the clerk would accept and record it.
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