Eversheds employment team has developed an online service designed for human resource professionals in large organisations that automates the process of drafting employment documents. See this walk-through demo of HR Contract Builder. The service uses the DealBuilder document automation system from Business Integrity.
Joy London cites these other DealBuilder legal applications: Linklaters (BlueFlag), Microsoft (software license agreements), Ashurst (share and asset purchase transactions), Freshfields (standard form precedents for the corporate practices in the UK, Austria and France), Nabarro Nathanson (standard form precedents), and Poyner & Spruill (e4Close online foreclosure system).
According to Charles Christian’s Legal Technology Insider Top 250 IT system chart DealBuilder is used by (at least) 7 of the top 40 law firms, behind the leader HotDocs with 16; bringing up the rear are GhostFill with 2 and Chameleon with 1; 14 are unspecified. Not surprisingly some firms have used more than one system.
These are interesting sites, however is there a facility available which allows the legal community to create, edit, approve and submit documents, whilst capturing all the required document history that say the FSA or other regulatory bodies would expect to see, in a real time secure environment?