Today's issue of TL NewsWire covers a curated collection of resources for transactional and in-house counsel (see article below), an app for notarizing documents, a cloud practice management system, and an ediscovery processing and review service for legal departments. Don't miss the next issue.
Your job as a transactional lawyer or in-house counsel is to complete projects and tasks as accurately and efficiently as possible. It makes sense then that your legal research service should organize the resources you need in a way that aligns with your todo list.
Practice Point … in One Sentence
Launched recently, Thomson Reuters' Practice Point organizes resources for transactional lawyers and in-house counsel by practice areas, projects, and tasks.
The Killer Feature
Practice Point offers a collection of Thomson Reuters' legal resources curated and organized by a team of experts in collaboration with practicing lawyers.
For example, let's say your client wants you to negotiate a joint venture. When you browse Practice Point by task, you can choose Joint Venture. From there you can choose subtasks such as Get Oriented, Structure & Considerations, Draft & Negotiate Joint Venture Agreements, etc. At every turn you'll find the resources you need for that particular task.
These resources include primary law, Reuters News, Practical Law (checklists, practice notes, standard documents, What's Market), Westlaw Forms, Business Law Center, Company Investigator, State and Country Q&A, and more. Practice Point also offers relevant Rulebooks such as the Securities Act. You can search for rules by their common names rather than their citations (e.g., Rule 144A).
Other Notable Features
Practice Point offers a number of productivity tools to save you time. You can "Favorite" projects, tasks, practice areas, and specific resources for one-click access in the future. You can also make any page your Start Page. The interactive breadcrumb tracks your path through Practice Point. One click takes you back to any page. Alerts keep you apprised via email about updated resources and related news.
The My Folders feature enables you save documents and selected text as you review various resources for the task at hand. These are the same folders that Westlaw uses so the folders you create and items you save become accessible from both services. The same goes for your History.
"Practice Point is designed to be the touch point for your practice or legal department, directing you to the precise resources needed," Thomson Reuters Vice President, Global Workflow Solutions Emily Colbert tells us. "The result is legal guidance, research, and know-how, plus time-saving tools — all conveniently integrated into one solution."
What Else Should You Know?
You log into Practice Point using your OnePass password. This ensures access to all the resources to which your organization subscribes. Practice Point works in all major web browsers on Macs and Windows PCs. Learn more about Practice Point.
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