In-house lawyers and corporate counsel have a unique role compared to most lawyers – and that’s often because they’re doing the job of most lawyers, just rolled into one package.
In-house teams will take on a broad range of responsibilities and tasks across all areas of law, as well as business decision making. And yes, of course, while they may also be supported by external teams or contractors that manage bits and pieces, often that ends up being costly and time-consuming meaning that essentially management will want you to effectively resource your legal budget for the best possible return.
Time is also a valuable resource for in-house counsel, which is why in-house teams are often industry leaders when it comes to the use of technology in the legal sector. While document generation, e-signatures and process automation are all becoming commonplace in these teams, the same jump hasn’t yet occurred for the property-related transactions that form part of an in-house team’s workload.
This lag in uptake is due mostly to the fact that until recently a legal technology solution for property transactions wasn’t readily available. Here at LodgeX we realised this legal technology gap and set about creating the solution. The LodgeX solution combines process automation, AI and usability via its unique platform Lapp to deliver streamlined e-Conveyancing, e-Settlement and e-Lodgment transactions for in-house teams. It enables you to just make a booking, upload instructions, communicate securely and continue with your work. Providing real time visibility and updates, it’s a genuine advancement for those in-house teams who want to keep their property transactions in-house, and save valuable time currently spent directly dealing with an Electronic Lodgment Network Operator or ELNO.
We realise that some in-house teams, particularly those who deal with multiple lease-holdings or property or lending matters, may already be processing property transactions internally. Transacting via an ELNO may be the current solution for those teams, but consider how those team members can be better directed away from workspace watching to alternative legal work within the team.
With interoperability becoming a more pressing topic in the e-Conveyancing space, there is no doubt that more upskilling and training will be required to manage interoperable workspaces. A solution that bypasses that requirement would definitely deliver real time savings for the team.
At LodgeX we have re-designed the e-Conveyancing process, and totally streamlined your transactions. In a recent case study, our automated process for a plan of subdivision was prepared in just over 3 hours, for the whole bulk transaction!
Think of what you could be doing with these sorts of time savings – I’m sure most in-house lawyers could name at least twenty other tasks they could (and would probably, rather) be doing!
LodgeX services aren’t just for dedicated in-house conveyancing teams. LodgeX is also the perfect solution for those teams with occasional property transactions and who don’t have the time or interest to learn how to transact in an ELNO. ELNO’s are often technical and have steep learning curves and specific regulatory requirements for subscription which can make them inaccessible to some in-house teams, leaving them no option but to outsource their e-Conveyancing. LodgeX lets you bring your transactions back in-house for a simple transaction fee. With its intuitive interface and streamlined process, it’s an easy solution to upskill your own team to manage your own transactions, whether it’s your counsel or even training up paralegals to take on some greater responsibility. Not only does bringing the transactions back home allow you greater control, you also regain time delays caused by gaps in communication between your contracted provider, yourself, and other parties. With built-in chat functionality and status updates, you’ll always know where your transaction is, and what needs to be done. Best of all, LodgeX requires no subscription or membership fees, you only pay for what you use, so you can stay on top of your costs and maintain your budget.
Our services extend to all property transactions from lodging caveats to protect your company’s interests,or registering leaseholds to transferring property via mergers or acquisitions or purchasing or even subdivisions, LodgeX provides the total e-Conveyancing solution for in-house teams. Interested in finding out more about LodgeX as a solution for your in-house legal team? Read more here, or contact our team for a demo today.