Corporate law is ideal for automation because of the many documents required to start and maintain a business and the sometimes complex legal issues around corporations and other business structures. Gavel’s document generation and automation capabilities are perfect for corporate law because they not only cut down the time you spend drafting agreements and reduce the burnout that can come from repetitive work, but they also lead to greater accuracy.
In corporate law, consistency and accuracy are everything, and Gavel can make your firm quicker and more accurate than ever before.
Depending on your area of corporate law and the needs of your clients, you may typically work with:
This is by no means an exhaustive list. The document management requirements of corporate law are extensive, so any legal technology you can use to make drafting easier is a good idea.
Gavel can help you ensure you draft all the documents you need promptly to increase client satisfaction. It also helps maintain accuracy and consistency across various documents. For example, you can easily use the different shareholder ownership percentages provided by the client in their shareholder agreement, financial statements, and annual reports.
The efficiency of Gavel’s document generation capabilities saves you, your paralegals, your legal assistant, or your law student intern from having to enter the same information over and over again. As well as saving time, this improves the accuracy of your documents.
Many corporate documents share similarities, especially when setting up a business. Instead of manually copying paragraphs from one document to another, Gavel can populate multiple documents automatically, eliminating the possibility of you or your staff forgetting to replace a variable. Or, worse, disclosing a previous client’s confidential information to a new client, who may be a competitor. This is one of the ways Gavel protects client confidentiality while streamlining your practice of law. Plus, it helps you comply with the ABA’s Model Rules of Professional Conduct.
Streamline the intake process. Whether you're acting as general counsel or representing an individual client, Gavel’s dynamic workflows can eliminate potential problems that can arise when performing a client intake — whether in person or by sending a Word doc or PDF for a client to fill out. For instance, sending an overly simple questionnaire may not collect sufficient information and lead to extra follow-up. On the other hand, a more comprehensive questionnaire can be intimidating and overwhelming for clients. Or, clients may misunderstand a question and provide incorrect information. With Gavel workflows, you can provide extra guidance that clients don’t get with a traditional questionnaire. A Gavel workflow can help lawyers get a better understanding of the scope of a case earlier, to get a head start on addressing all the facts.
Ensure clients understand the scope of your representation. Forming a business and navigating the necessary formalities or consequences that come with it can be difficult to understand without a lawyer walking business owners through it. You can use your legal know
-how to help clients understand requirements and next steps, with custom informational documents that Gavel can provide to the client upon workflow completion. For example, if a client’s intake states they are forming a C corporation with certain stock options, you can have one of the output documents be an explanation memo explaining the consequences of that choice. Likewise, you can alter the outputs according to the kind of business the client wants to start. So if they are creating a corporation, Gavel can output articles of incorporation, while if it's an LLC, the system can automatically produce an operating agreement instead.
Automate existing templates. If you already use templates for standard documents like operating agreements for LLC clients or shareholder agreements for corporations, you can automate these templates to create the output you need. Plus, Gavel's
conditional phrases let you automatically incorporate certain phrases or sentences based on the responses given in your intake questionnaire—or any other questionnaire you create. So, if your client is a member-managed LLC instead of a manager-managed LLC, you can ensure your underlying operating agreement properly references their business structure.
Gavel lets you:
