$
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Select Select all that apply
%
%
%
%

Individual monthly savings
$ {{app.numeral(app.computedValue.savingsPerDay * 20).format('0,0')}}


Each month your organisation could save $ {{app.numeral(((app.parseFloat(app.computedValue.savingsPerDay) + app.parseFloat(app.computedValue.opportunityCostsPerDay)) * app.parseFloat(app.modules[2].answer)) * 20).format('0,0')}}
based on {{app.modules[2].answer}} licences.


$3.70 a day to get Lexis® Draft, that’s less than your daily coffee!

$3.80 average cost of a daily coffee

Individual benefits
Savings - due to use of legal proofreading and analytic tool
per day per week per month
$ {{app.numeral(app.computedValue.savingsPerDay).format('0,0')}} $ {{app.numeral(app.computedValue.savingsPerDay * 5).format('0,0')}} $ {{app.numeral(app.computedValue.savingsPerDay * 20).format('0,0')}}

Opportunity cost - value of time saved for additional work
per day per week per month
$ {{app.numeral(app.computedValue.opportunityCostsPerDay).format('0,0')}} $ {{app.numeral(app.computedValue.opportunityCostsPerDay * 5).format('0,0')}} $ {{app.numeral(app.computedValue.opportunityCostsPerDay * 20).format('0,0')}}

{{app.modules[2].answer}} Licence - Company wide benefit
Opportunity cost - value of time saved for additional work
per day per week per month
$ {{app.numeral((app.parseFloat(app.computedValue.savingsPerDay) + app.parseFloat(app.computedValue.opportunityCostsPerDay)) * app.parseFloat(app.modules[2].answer)).format('0,0')}} $ {{app.numeral(((app.parseFloat(app.computedValue.savingsPerDay) + app.parseFloat(app.computedValue.opportunityCostsPerDay)) * app.parseFloat(app.modules[2].answer)) * 5).format('0,0')}} $ {{app.numeral(((app.parseFloat(app.computedValue.savingsPerDay) + app.parseFloat(app.computedValue.opportunityCostsPerDay)) * app.parseFloat(app.modules[2].answer)) * 20).format('0,0')}}

DID YOU KNOW?

If you are able to introduce a standard firm-wide risk management processes including a policy for drafting and reviewing documents, you may be able to reduce your professional indemnity insurance premiums.


Our research shows that over 52% of legal practitioners admit to skipping proofread and checking activities due to time and workload pressures*


*LexisNexis Drafting Research June 2014 – 650+ respondents


  ASSUMPTIONS:


  • The average working week is 38 hours.
  • Each person works 48 weeks a year (3 weeks leave 1 week sick)
  • Average number of days drafting activity undertaken in a week is 4 (day a week allocated to outside office - clients or representation)
  • Average number of days drafting activity undertaken in a month is 16
  • Average number of days drafting activity undertaken in a year is 192
  • Assumption RRP Lexis Draft $985 p.a. per 1 licence ($3.06 per day)