In a previous post, we illustrated the benefits that electronic signature brings to the legal industry. In case you missed it…firms are estimated to lose $9,071 annually per lawyer due to productivity lag and wasted time. Firms can reduce or eliminate these substantial losses—upwards of a million bucks for larger firms—by automating their document management process with eSignature.
Estimated revenue losses are uncomfortable. Yet, losing business to competing firms is a harder pill to swallow. Why? It’s the difference between a theoretical loss and a tangible one! When prospects and clients sign with competing firms, it’s an active loss and one that’s palpable. However, in the same way eSignature diminishes costs tied to inefficiencies, it can also keep you a step ahead of competing firms and win you more clients.
Studies show that 30-50 percent of clients are awarded to the firm or business that responds first. This statistic isn’t a hard sell, either. After all, your clients are just as busy as you are. Prospects that find time to sit back and weigh options are by far and away the exception rather than the rule. Firms with the quickest turnaround times are positioned to secure the largest market share, particularly those in highly competitive legal verticals like mass tort.
It’s for this reason that leading legal software company, Captorra uses AssureSign’s eSign via Text to send out contracts—the only mobile eSigning via SMS/text message native to an electronic signature platform…
“Providing the electronic signature process on a consumer’s smartphone is invaluable. Over 60 percent of our own deals are closed with AssureSign’s text to eSign feature. Both our customers and my own sales team agree… mobile eSign determines whether deals are won or lost.”Chris O’Brien, President & CEO of Captorra
What’s more, they don’t have to choose between sending options. With AssureSign, Captorra can send their contracts to an email and text message! Whether they’re winning a prospect among the 55 percent without mobile email access or one with immediate access, Captorra secures a large portion of their clients by working with the device in their back pocket.
Legal & Secure.
Are mobile electronic signatures legal? What about secure?
In short … yes and yes.
While eSign via Text propels both convenience to your client and revenue for your firm, it’s no different than an electronic signature captured on a desktop, laptop, or tablet. Its HTTPS protocol maintains mobile browser security regardless of the type of smartphone or device your client uses. Client data is guarded by 256-bit encryption along with our internal and external security provisions, which hold SOC 2, ISO 27001, and FIPS 140-2 certifications among others. You can read more about AssureSign’s commitment to security in our Trust Center.