Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
The penny has dropped for many law firms that they must readdress their document review processes as part of a wider risk reduction strategy encompassing the use of tech. This is hardly surprising as errors in drafting come at a price; you need only look at the facts when it comes to insurance claims.
In a recent whitepaper, a leading insurer explained that drafting errors have accounted for one claim in eight in the last six years. However, over the same period, these claims have accounted for almost a third of the total of settlement payments. Most claims arise from simple typographical or editing errors that could (and should) have been picked up by proofreading. The reality, however, is that simple typographical or editing errors alone can change the meaning of a sentence, raise some ambiguity and at worst, bring the legitimacy of a legal document into question. In the worst case, this can result in litigation or a heated exchange of letters, at best it damages the professional reputation of a firm or individual lawyer. With more people involved in the production of increasingly complex documents and the market becoming increasingly competitive, the risk element is now greater than ever.
In a survey conducted by LexisNexis, 33% of respondents admitted to skipping proofreading regularly. It can, after all, be an arduous task, especially when under pressure to deliver “more for less” in an increasingly competitive industry. The reality is, even when proofreading does take place, mistakes can and do occur
Free trials are only available to individuals based in the UK
* denotes a required field
**excludes LexisPSL Practice Compliance, Practice Management and Risk and Compliance. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial. See our full terms here.
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
0330 161 1234