Digital disruption and transformation has come a long way for an industry notoriously slow to embrace technology. Overcoming widespread security hang-ups and navigating tricky legacy system transitions, today’s law firms know they need to innovate to stay competitive and relevant in the sector.
In fact, according to PWC, 100% of the top 10 law firms identify technology as the key challenge to growth in the next 2 years and the American Bar Association have recently stated that legal organizations ignoring law firm technology trends such as AI or analytics tools will “scarcely be able to compete for new business.”
It’s no wonder then, that legal service providers are keeping a close eye on the rapidly evolving tech scene. McKinsey’s new ‘Disruptive Technologies’ report identified twelve emerging technologies that will drastically reshape the world we live in and will combine to bring in an annual economic impact at $33 trillion by 2025.
What Is an eSignature?
An electronic signature, or eSignature, is an electronic symbol that’s attached to a contract or record and signed with intent by the signer.
Valid and legally binding, eSignatures can be used in most places an ink signature is used, based on the Uniform Electronic Transactions Act (UETA) and the Electronic Signature in Global and National Commerce (ESIGN) Act.
eSignature technology has been growing steadily since its inception, but the COVID-19 pandemic sent it into overdrive. Businesses had to shift the way they operate to stay afloat, and remote work environments demanded the availability of eSignature solutions.
The benefits
Electronic signatures offer many benefits beyond remote work environments, especially for law firms. In a world with customers wanting more convenience and flexibility, law firms need to stay ahead of the curve and embrace the disruption.
If your law firm has yet to enjoy the benefits of an eSignature tool, right now may be the perfect time to try it out.
Law firms can collect signatures and approvals on documents from clients or employees, no matter where they are. As more lawyers are working remotely and clients expect more virtual correspondence, the convenience and seamless customer experience of eSignatures is unrivalled. With no limits to how many documents you can send for signature, your team and clients won’t ever have to stress about searching for and sending documents.
As a DocuSign partner, we can provide the complete e-signature solution together with our market leading DMS integration solutions. Blue Car Technologies’ product portfolio is based on enhancing the function of iManage Work, OpenText eDocs, NetDocuments and Worldox Document Management System. Integrating DocuSign APIs to allow seamless electronic signatures within a document management environment.
Contact us today to learn more.
