Firms Cashing In With Online Contracts

XpressDox Document Assembly
XpressDox Document Assembly

XpressDox Cloud document automation brings profitability and easy maintenance
to online template stores.

A revolution is happening in the legal profession as more and more firms are breaking free of the billable hour
by selling their legal agreements and contracts online.

“Whether or not you agree with the principle, there is already an increasing commoditization of legal services
worldwide,” states Chris Pearson, CEO of XpressDox. “In his book The End of Lawyers? UK legal technology futurist Richard Susskind predicted this trend. Now with online document assembly tools like XpressDox Cloud his predictions are becoming reality. Until recently document assembly software for the Internet was too expensive for all but the really large law firms. Now all that has changed.”

Why are online template stores gaining momentum in the profession? Pearson says, “It’s simple: with XpressDox an online template store can be profitable with the sale of its very first template.”


# Steps to Online Contracts

  • Step 1: Author a Template
  • Step 2: Upload Your Template
  • Step 3: Add a Link

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Don’t have XpressDox yet?
Request a demo or submit your details to start your own free trial.

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To begin your first template simply open Word and start typing.

Getting Started Tutorial

Once you are acquainted with the basics you may want to add more functions and commands to your template. There is plenty of help (and inspiration) if you need.

List of Commands and Functions
Tutorials and Cheat Sheets
User Reference

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Did you know XpressDox can automatically email completed contracts to any number of recipients you specify?

How To Send Web Mail

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Don’t have XpressDox Cloud yet?
Request a demo or register to start your own free trial.

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To upload your template:

use the Desktop Cloud Manager launched from the XpressDox ribbon in Word

Desktop Cloud Manager

or

 

use the Upload File link in the Web Cloud Manager application.

Web Cloud Manager

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The Generate HTML wizard helps you create the code you need to make your template’s interview available to your web site users.

Cloud Manager Generate HTML Wizard

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You decide exactly where to integrate your template with your web site or business process.

Choose from a selection of themes to match your site style.

Did you know XpressDox Cloud uses Secure Socket Layer (SSL) encryption for secure communication?

Our RESTful web service API is also available for seamless integration into your web application.

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Did you know you can commercialize your template by adding it behind your payment gateway?

Find out more

Considering that an XpressDox desktop template can be used as-is online, a firm has no additional template development costs to bear in an online environment.

“The exact same template you use internally can be uploaded to the cloud, and once linked to your web site it is immediately usable from there,” Pearson explains. “It was very important to us that our customers maintain only one version of a template irrespective of whether that template is used internally or online, or both.

“And the variable price model XpressDox pioneered is another reason online template stores can now be profitable from the get-go. Customers pay a nominal charge per document assembled, nothing else,” says Pearson.

“Assembly charges start at 50¢ reducing to less than 1¢ per document on volume, meaning that almost the entire selling price of a template converts to profit for the firm.”

Pearson adds, “Lawyers have a limited number of hours they may bill in a given month, but if they sell online agreements and contracts from their web site they can earn money 24 hours a day, 7 days a week. It makes perfect sense.

“We find that early adopters cite two major benefits of an online template store: it liberates fee earners’ time for other billable work, and it breathes new life into cash flows as payments for assembled documents are received in advance.”

Of course, not all firms wish to sell their templates online at the outset. Some initially only want to make client-facing documents available on their web site at no charge—for example, new client take on forms. “This is an easy-to-implement, low risk entry point for any firm considering this technology,” Pearson reassures.

With online document technology now being so affordable, many law firms are automating their profitable, repetitive contract work. “Mr. Susskind predicts that firms which ignore this technology will be left behind. That future is here, now,” says Pearson.