A major part of how we work with legal teams at LexSolutions is to help create legal operations strategies. This will often mean reviewing a team’s purpose, objectives and challenges – and then designing solutions that fit. Tech is only one (and often the last) piece of the puzzle. After discovery and design, we can review and recommend which ones teams should adopt – in line with their needs. This also requires an understanding of that particular team’s technology stack and operational culture in the context of the wider business.
There is no one size fits all. As legal technology evolves and there is an ever increasing range of possibilities, we make it our business to understand new products on the market and how these can have an impact on the teams we work with. Especially new products that are solving persistent problems differently.
Majoto is a new contract automation tool which has been founded by our very own Head of Innovation, Denis Potemkin. Denis is on a mission to transform the world of contracts and bring clarity to the whole contract process. Majoto is central to this mission. It’s a contract workflow solution that makes it possible to automate visual contracts: modern user-centric documents that people can understand.
So in order to evangelise about Majoto with in-house legal teams, LexSolutions has been using Majoto to automate its customer engagement letters and proposals.
As well as the usual benefits of faster document creation and e‑signature, Majoto makes this process better in the following ways:
- It makes it easy to add statements of work to an existing engagement, so a contract becomes a “living” document with everything in one place.
- It enables LexSolutions to seamlessly integrate detailed project estimates and time tracking with attractive client-facing project documents.
- LexSolutions can generate standard and custom engagement letters in a format that is easy to digest, stripping away information overload.
- Majoto is built on Google Workspace enabling collaboration on documents in real time.
So what’s the ultimate benefit?
For us at LexSolutions, it has meant being able to deliver great-looking proposals that clients understand, that are consistent with our agile design-led delivery model.Importantly for a lean business, there’s also a time-saving of 50%.
As with our whole approach, sometimes the visuals make the point better than the written word, so here are some examples of our Majoto documents.
Are you a progressive legal team looking to up your contracts game with a new approach? Would you like to join LexSolutions and be part of Majoto’s beta testing community as we evolve this tool? If you are as enthusiastic about the future of contracts as we are, drop one of the team a line.