Is Thomson Reuters Chasing after LegalZoom?
August 9, 2011
Here’s another “me too!” development. Taume reports, “Thomson Reuters Launches Westlaw Form Builder.” LegalZoom offers a client the forms required to create a limited liability corporation for less than $100. A lawyer may charge quite a bit more.
Completing an unending stream of forms is a time-consuming aspect of any legal office, and Thomson Reuters hopes their online tool will spell efficiency for its clients. The press release explains what the company hopes will distinguish its product from the competition:
Attorneys can access more than 20,000 official and lawyer-tested forms anytime and anywhere they have an Internet connection. Westlaw editors continually update the forms to ensure they are current, eliminating the need to download upgrades or verify citations. Unlike static forms, Westlaw Form Builder allows users to customize forms, making them specific to a given client and case. And every Westlaw Form Builder plan includes links to any cited authority or commentary on WestlawNext without incurring additional charges, helping users understand the legal context surrounding a particular form.
Completed forms are downloadable, and client data is stored, saving time on re-entry.
Thompson Reuters provides information management tools to clients around the globe in fields from financial and legal to science and health care. And, of course, the company is a respected source of world news coverage. But Thomson is targeting attorneys who are increasingly cost sensitive. Maybe attorneys are using LegalZoom too? The search system works. Oh, LegalZoom looks like a pretty good bargain. Buying legal information from an outfit like Thomson Reuters? Well, it can be more expensive in my experience.
Cynthia Murrell August 9, 2011
Sponsored by Pandia.com, publishers of The New Landscape of Enterprise Search
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