Automation technology is pervasive in nearly every industry these days, and real estate law is no exception. While many lawyers prefer to do things the way they’re used to, there are a number of benefits to utilizing the tools that are out there.
There are many technological breakthroughs that can be used in law, but unfortunately, there are not yet many that can be used by real estate lawyers. Automation technologies have the ability to greatly increase the efficiencies of all parties involved in real estate sales and litigations processes.
While there are many ways that technology can benefit real estate lawyers, let’s take a look at the top three:
- Provide FITB services
This incredibly useful tool provides the client’s name, address, property name, and a signature block and automatically fills them into the documents. This service creates time, ease, and reduces the troubles that often arise with filling in and signing documents.
- A “logic tree” based software
A logic tree based software makes logical choices for words and phrases when creating documents. This allows a number of various legal documents to be drafted without having to redundantly write each one, saving loads of time and effort.
- Software that allows documents in draft to be checked by the internet
This software would be able to look up any information, such as property address, tax information, etc. from the internet in order to validate while the document is being drafted. It is a fail-safe that simply ensures that documents are drafted with the appropriate information, saving lawyers and other parties from a host of troubles that could arise from listing the wrong information.
It is difficult to design appropriate real estate law software because every state has different regulations. However, moving forward in today’s culture does require an advent of automation in real estate law. It’s important to focus on these top three tools and then, eventually, a host of others.