Legal Services catch up with iPad Generation
06 Jun, 2011
Imprima, a leading provider of financial communications services, has formally launched iDrafts to meet growing demand from law firms who need to work collaboratively, securely and remotely with clients and other parties in the increasingly transparent regulatory environment.
Developed specifically for the professional and legal services markets, Imprima iDrafts fills the gap between high-end application and document management platforms such as Microsoft Sharepoint and consumer-focused systems such as Google Docs.
Wouter Goedkoop, Director Business Development, Imprima explains: “We’re finding that specialist teams or individuals within law firms are increasingly being cherry-picked to work on particular types of deals, such as IPOs or M&A transactions. iDrafts suits this new shorter-term, collaborative way of working and enables key decision makers to manage documents while on the move via iPads or smartphones. It also helps to cut down on the time required to review and draft documents – which is a key target under new regulation such as the Jackson Review, as well as the Legal Services Act.
“Anecdotal evidence suggests that lawyers spend only 30 per cent of their time on the content of a document and the rest on less important issues like formatting, checking internal document references and team coordination. iDrafts helps them make these tasks more efficient, so that the lawyers can be more productive. This is important as more and more projects are fixed fee and their margins are under pressure.”
“iDrafts brought us more control over the drafting process, allowing us to concentrate on the transaction specifics,” Partner, Allen & Overy
Imprima iDrafts is a self-service platform that can be easily set up and shut down at the end of a deal or other legal procedure. Access is limited to the specific individuals who need to gather, draft and review documents on a particular case. iDrafts is highly secure, ISO/IEC 27001:2005 accredited and is audited regularly by independent security body LRQA. Unlike consumer-led document sharing systems, iDrafts is supported 24×7 by Imprima’s customer service team.
Imprima iDrafts can be used via iPads and smartphones, which means that lawyers working away from the office are able to view, amend and approve documents any place, at any time.
Wouter Goedkoop continues: “Imprima has a 40-year track record in providing data room and document services to organisations in the legal, corporate and financial services sectors. We have developed iDrafts as a highly secure yet relatively light touch system that law firms, their clients and partners can use to work collaboratively on internal and external projects.“
Developed in partnership with legal services and financial services clients, iDrafts is available direct from www.idrafts.net. Prices start from about £10 per user.