Enables law firms to create signature-ready documents from client specific governance data.
Needham, MA – February 20, 2008 — LexisNexis® and Two Step Software, Inc., a leader in corporate governance and stock plan administration solutions, have entered into an agreement whereby Two Step Software will embed the industry’s leading document assembly application, HotDocs®, directly into its Corporate Focus™ corporate governance database application. This unique combination of market leading technologies will enable law firms to create signature-ready Microsoft Word documents on-the-fly without re-keying any data from Corporate Focus where they store vast amounts of client corporate governance and ownership data. As a result of this alliance, law firms can standardize best practices, improve internal controls, and reduce the risk of errors.
“The speed at which lawyers are conducting business these days has forced law firms to search for new technologies that enable seamless information exchange and create opportunities for next generation client service,” said Gary D. Levine, President and CEO of Two Step Software. “With Corporate Focus, law firms have already standardized on a single, consolidated repository for their clients’ governance and compliance information. Now with the embedded HotDocs server engine, legal teams can create standardized, signature-ready Microsoft Word documents automatically populated with real-time data.”
The alliance has resulted in the first corporate governance solution to embed the server version of the HotDocs engine. This combination enables users of Corporate Focus to now be able to retrieve client-specific information and automatically generate standard corporate documents, without having to leave the Corporate Focus user interface or having to install or configure any additional software. At the same time, the resulting documents retain the full flexibility and power of Microsoft Word and new standard templates can be easily created within the HotDocs software application. The final and signed documents can then be saved within the online minute book section of Corporate Focus, thereby supporting better internal controls and standardizing best practices.
“As the leading source of document automation solutions for law firms and legal departments, we understand the need for attorneys to be able to streamline document production and populate documents with client governance information,” said Alison Manchester, Vice President of LexisNexis Legal Content Management. “By combining Two Step Software’s corporate governance application with the power of HotDocs’ document assembly, attorneys are taking a major step forward toward reducing the cost of legal services and more importantly responding to clients faster and with much greater accuracy.”
The new Document Assembly Module, powered by HotDocs® Server, is available as of January, 2008 for Corporate Focus Version 6.0.
About HotDocs:
With over 400,000 users worldwide – including over half of the AmLaw 100, and firms, corporations, and agencies of all sizes, HotDocs is now the recognized world market leader in the document automation software industry. Law firms and corporate legal departments use HotDocs® to streamline document production which results in shorter cycle-times, lower costs, improved document accuracy, and a valuable knowledge base of the organization’s most critical documents.
About Corporate Focus:
Already in use by hundreds of law firms and legal departments, Corporate Focus is the legal market’s most comprehensive corporate governance, ownership, and minute book management solution. It was ranked #1 Software Used for Corporate Governance in the 2007 International Legal Technology Association’s technology survey. As the only system that combines stock and option tracking with corporate governance information management, law firms and legal departments can manage corporate records in one centralized location and share them more easily with clients and colleagues. More importantly, Corporate Focus reduces legal risk by enabling users to have immediate access to critical corporate governance and compliance data delivered from a highly secure, SAS 70 certified, hosting facility.
HotDocs is a registered trademark of Matthew Bender and Company.
