TechnoLawyer: Transactional Practice Areas

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In today's issue of TechnoLawyer NewsWire, lawyer and legal technology legend Dennis Kennedy covers an online document repository for transactional lawyers, an inexpensive PDF creation tool for Windows, and a suite of PDF utilities for Mac. Don't miss the next issue.

Below you'll find one of the three articles from today's edition:

How to Find a Good Deal Document
By Dennis Kennedy

Large firm transactional lawyers often have the benefit of a handy document bank of prior agreements that they can use when working on a new deal. An agreement similar to what you need can serve as an initial prototype, a checklist for issues, or as a useful way to determine how others treat similar deals.

But even the largest firms don't have every possible document available in house. And what about smaller firms?

Real Practice's RealDealDocs provides access to hundreds of thousands of exhibits from public filings from the SEC EDGAR database selected for relevance to transactional lawyers. Real Practice has categorized these documents and made them searchable using its own technology. As a result, you get access to not only thousands of agreements, but also millions of deal clauses, created by lawyers from the leading law firms in the U.S.

RealDealDocs organizes these materials so you can use simple pull-down menus to find the type of agreements you want. You can search by document or clause, or browse document categories. For document searches, you simply select the type of document and then drill down into sub-types. You can run full-text searches. The search results display of relevant documents with titles, parties, law firms, and other information to help you select a relevant document.

RealDealDocs currently highlights four main topic areas — mergers and acquisitions, securities and corporate finance, labor and employment, and real property and leases, but also provides materials in other practice areas.

You can use RealDealDocs for many other useful purposes than document creation. Documents from other deals make excellent issue checklists, indicate how a party you're negotiating with might have modified standard provisions in the past, and make for an effective parry when opposing counsel tells you that lawyers never change a certain provision.

Real Practice offers a 10-day free trial, with RealDealDocs available in daily ($9.95), weekly ($19.95), and monthly ($29.95 or $39.95) plans. Multiple user plans exist. Learn more about RealDealDocs.

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Published on Wednesdays, TechnoLawyer NewsWire is a weekly newsletter that enables you to learn about new technology products and services of interest to legal professionals. Like all of our newsletters, it's free. Please subscribe now.

BlawgWorld 2007 with TechnoLawyer Problem/Solution Guide is a free eBook. Actually, it's two eBooks in one PDF file.

BlawgWorld 2007 is the best way to explore and discover legal blogs (blawgs). It features 77 remarkable essays from 77 of the most influential blawgs. Each blogger handpicked their best essay of the year for inclusion in the eBook.

The 2007 TechnoLawyer Problem/Solution Guide is a revolutionary new way to find Solutions to Problems your law firm is experiencing. Specifically, it contains 185 Problems and corresponding Solutions.

Each Problem is written in the form of a question from the point of view of a law firm and organized by topic. Topics include case management, depositions, discovery, document management, legal research, time-billing, and many more — 58 topics in all.

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Our eBook is truly free. You click the link and it downloads. No registration hassles.

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In today's issue of TechnoLawyer NewsWire, lawyer and legal technology legend Dennis Kennedy covers a PDF solution with legal-specific features, a Word add-on for law firms, and a solution for administrating  stock and stock option plans without running afoul of regulations such as FASB 123R. Don't miss the next issue.

Below you'll find one of the three articles from today's edition:

Not Just PDF, PDF for Law Firms
By Dennis Kennedy

With the number of PDF solutions growing like gangbusters, consumers have become pickier. While price remains important, it has become imperative for PDF vendors to further differentiate their products by focusing on the needs of a specific market such as legal.

A good example is DocsCorp's pdfDocs Desktop, which combines affordability with many features and an integrated desktop approach. PdfDocs Desktop enables everyone in your firm to create, secure, and manage PDF documents, and integrates with popular document management systems.

You can easily create PDFs by printing documents, spreadsheets, email, and Web pages to the pdfDocs printer. You can also create PDFs by dragging and dropping a document onto the pdfDocs Organizer workspace area. The program also handles PDF forms — both creating them and filling them out — a feature that has become "must have" for many law firms.

pdfDocs Desktop helps you secure your documents by both password protection and metadata removal. You can prevent readers from modifying documents, and control who can open and view them. You can also redact information from sensitive documents using a special redaction tool.

pdfDocs Desktop can merge documents created by different programs into a single PDF, rearrange documents, change the order of pages, insert page numbers, and add bookmarks, highlights, logos, watermarks, notes, and Bates stamps. In short, you can perform a wide variety of useful tasks that one-trick-pony PDF creation programs will not let you do.

Of special interest to law firms is pdfDocs Desktop's ability to integrate with popular legal document management systems from Hummingbird, Interwoven, Worldox, and others, enabling you can create PDF files easily with a right-click of your mouse from within those systems. You can also easily save your PDF files in the appropriate folders.

pdfDocs Desktop also integrates with Outlook to automatically convert email attachments to PDF format, and email multiple attachments as a single PDF file on the fly. pdfDocs Desktop also integrates with scanners.

Pricing for pdfDocs Desktop starts at $126 plus $24 per year for support, but volume discounts are available.  Learn more about pdfDocs Desktop.

How to Receive this Newsletter
Published on Wednesdays, TechnoLawyer NewsWire is a weekly newsletter that enables you to learn about new technology products and services of interest to legal professionals. Like all of our newsletters, it's free. Please subscribe now.

Coming January 11, 2007 to Answers to Questions: D. Paul Dalton discusses the "build or buy" software dilemma, Caren Schwartz explains how to enter deposits to trust accounts in QuickBooks, Timothy Cleary reviews two estate planning tools, Michael Commins offers up a quick fix for slowly performing legal software on a network, and Stanley Tomlinson suggests a simple way to archive case-related e-mail. Don't miss this issue.

How to Receive this Newsletter
Published Thursdays, Answers to Questions is a weekly newsletter in which TechnoLawyer members answer legal technology and practice management questions submitted by their peers (including you if you join TechnoLawyer). Like all of our newsletters, it's free. Please subscribe now.

Coming June 1, 2006 to Answers to Questions: Marilyn King explains how to override PCLaw defaults to accommodate unique retainer free accounting such as that which exists in New Jersey, Britt Knuttgen compares the Dragon NaturallySpeaking Pro and Legal editions to the Preferred and Standard editions, Caren Schwartz explains how to address Timeslips performance issues, Robert Blumberg offers up a solution for printing will backers (covers), and John Feeney discusses CD printing solutions. Don't miss this issue.

How to Receive this Newsletter
Published Thursdays, Answers to Questions is a weekly newsletter in which TechnoLawyer members answer legal technology and practice management questions submitted by their peers (including you if you join TechnoLawyer). Like all of our newsletters, it's free. Please subscribe now.

Coming May 09, 2006 to TechnoFeature: Ever wonder how some law practices run so smoothly? In this article, attorney and legal technology enthusiast Bryan Sims discusses the technology he finds invaluable in his litigation practice. From hardware to software, Bryan covers it all. Find out how one lawyer increased his productivity by stepping up his tech savvy — and how you can too.

How to Receive this Newsletter
Published on Tuesdays, TechnoFeature is a weekly newsletter that contains in-depth articles written by leading legal technology and practice management experts. Like all of our newsletters, it's free. Please subscribe now.

TechnoFeature: Review: The SmartDraw Legal Solution
By Jill Bauerle

TechnoScore: 4.8 (Rated by 4 Users)
1 = Lowest Possible Score; 5 = Highest Possible Score
www.smartdrawlegal.com

Introduction

SmartDraw.com's SmartDraw Legal Solution enables legal professionals without any design expertise to create professional-looking graphics to persuade clients, judges, juries and even opposing counsel. The SmartDraw Legal Solution includes more than 1,000 templates and 50,000 images for accident reconstructions, crime scenes, maps, medical diagrams, Gantt charts, organizational charts, timelines, and more.

Though just a year old, the SmartDraw Legal Solution has the feel of more mature software thanks to the fact that it was built atop SmartDraw, a business graphics program launched in 1994 and now at version 7. According to the company, more than half of the Fortune 500 use SmartDraw.

Pricing for the SmartDraw Legal Solution starts at $449 with discounts and volume licensing available. You can also find it bundled with other legal software from time to time. It comes with a 30-day money back guarantee.

For this review, we interviewed four SmartDraw Legal Solution users who rated it and discussed its use in their practice as well as its pros and cons. What did they think? Read on to find out.

SmartDraw.com's SmartDraw Legal Solution enables legal professionals without any design expertise to create professional-looking illustrations to persuade clients, judges, juries and even opposing counsel. The SmartDraw Legal Solution comes with more than 1,000 templates and 50,000 images for accident reconstructions, crime scenes, maps, medical diagrams, Gantt charts, organizational charts, timelines, and more. For this review, we interviewed four SmartDraw Legal Solution users who rated it and discussed its use in their practice as well as its pros and cons. What did they think? Read this TechnoFeature to find out.

How to Receive this Newsletter
Published on Tuesdays, TechnoFeature is a weekly newsletter that contains in-depth articles written by leading legal technology and practice management experts. Like all of our newsletters, it's free. Please subscribe now.

In today's issue of TechnoLawyer NewsWire, tech expert Jill Bauerle covered an application that converts one Linux PC into two virtual workstations, a utility that blocks unauthorized executable programs from invading your Windows PC, and a free, editable information resource on the Web for tax professionals. Don't miss the next issue.

Below you'll find one of the three articles from today's edition:

Where's the Second Computer?
By Jill Bauerle
Providing a PC in your reception area is a welcome gesture for waiting clients, but if you have a busy reception area, you'll have to furnish two computers, doubling the cost. Not so fast. With Desktop Multiplier, you can transform a single Linux PC into two computers (Linux with Firefox works fine for Web browsing and checking Web-based e-mail). This free software add-on by Userful, developers of public computing software, can save your firm as much as $500 per station in hardware costs and hundreds to thousands in maintenance per year.  The software turns one computer into two virtual workstations — you'll need two keyboards, mice, and monitors. If your firm runs browser-based applications, you might be able to employ Desktop Multiplier beyond your reception area, saving even more money. At home it's an excellent way to "buy" the kids an extra computer. Desktop Multiplier runs on Linux OS and requires 15 MB hard disk space and a minimum of 64MB memory, a dual video card and extra USB keyboard and mouse. Learn more about Desktop Multiplier.

How to Receive this Newsletter
Published on Wednesdays, TechnoLawyer NewsWire is a weekly newsletter that enables you to learn about new technology products and services of interest to legal professionals. Like all of our newsletters, it's free. Please subscribe now.