As a corporate attorney, you’re constantly looking for ways to improve efficiency and boost productivity as you manage the various aspects of your practice, from drafting contracts to handling corporate filings to creating corporate governance documents. Virtual corporate law paralegals can be valuable in maximizing workload output and streamlining processes. Here are four ways a virtual paralegal can improve the productivity of your corporate law firm:
1. Providing Office Support
Virtual paralegals have emerged as a reliable and cost-effective solution for providing administrative support to corporate attorneys and in-house counsel, enabling them to increase productivity and streamline operations. By leveraging their expertise and experience in the field, they can assist attorneys with a variety of critical functions, such as schedule management and document organization. They can also assist with entering time and sending out invoices.
Whether your practice is experiencing an increase in matters, or you wish to relieve some of your present workload, a virtual paralegal can provide an affordable and flexible alternative to hiring on-site legal support.
2. Case Management
It’s difficult to play traffic cop on a complex transaction when your focus is on providing your client the advice they need to get the deal done. Your virtual paralegal can help you manage the deal by tracking communications with your counterparty’s counsel, generating redlines, and managing deadlines. Your virtual paralegal keeps track of the details so that you can focus on substantive legal work
Virtual paralegals can also assist with the due diligence process. Your paralegal can coordinate secure sites for reviewing documents, help clients collect documents for review by the counterparty, and organize them at the review site. Paralegals can also review and summarize the counterparty’s documents.
Finally, a virtual paralegal can be a real timesaver when it comes to obtaining signatures from the various parties. A virtual paralegal knowledgeable with software like DocuSign can circulate documents for signature and follow up with counterparties who have not yet signed.
The number of deals you handle fluctuates depending on the economic environment. Virtual paralegals offer more flexibility than traditional in-house staff since they work remotely as needed. This allows you to scale up or down as needed and only pay for the services you require without worrying about overhead costs associated with hiring full-time staff.
Contact us to learn how we can provide you with the additional legal support your firm needs.
3. Document Preparation and Drafting
The initial drafts of contracts can be created by an experienced paralegal. Many virtual paralegals are often adept at working both with templates in Word and templates created in software like HotDocs. In addition to contracts, virtual paralegals can prepare organizational documents for LLCs, partnerships, and corporations, including articles of incorporation, articles of organization, operating agreements, resolutions, and amendments. They can also prepare corporate governance documents, such as annual reports, board of directors meeting minutes, and regulatory forms.
They can also prepare organizational documents for LLCs, partnerships, and corporations, including articles of incorporation, articles of organization, operating agreements, resolutions, amendments, and corporate governance documents, including the preparation of annual reports and annual minutes, and compliance filings.
4. Client Communications
Regular communication with your clients is crucial to establishing trust and confidence. A virtual paralegal can help you with client communications. They can:
- Screen potential clients.
- Gather information from clients and other parties.
- Provide case status updates to clients and other interested parties.
Virtual paralegals can be an affordable and adaptable resource for corporate law attorneys. They provide a variety of services that can help attorneys manage their workload and enable increased efficiency, improved communication, and better case management.
Get your firm the additional experienced legal support it needs. Contact us today to get started.