Continental Europe News
Stek, the independent Dutch business law firm with a focus on blue chip Corporate and Banking clients, has licensed ContractExpress in order to automate the drafting process for transactions and litigation in its Banking and Corporate practice areas.
Through their brand new web application StekL@w, based on ContractExpress, Stek are enabling their clients to quickly and independently generate tailor-made and house styled documents on a private cloud. On StekL@w, clients can access documents which Stek automated in-house and thus benefit from ContractExpress without the need to invest considerable time in mastering drafting and automating for standard internal documentation.
Thijs Lommen, partner at Stek, is responsible for the StekL@w project and together with senior associate Judith Edixhoven has worked with ContractExpress since 2009. Using ContractExpress they were the first team in the Netherlands to automate the standard credit and security documentation of a major Dutch financial institution and the project was consequently placed on the short-list of the Financial Times Innovative Lawyers Awards under the category of ‘Most innovative law firms in value resourcing’.
Thijs Lommen: “Our clients expect innovation and value added services from their legal advisers. At Stek we are convinced that offering automation of complex, in-house standard documentation is essential legal work and requires in-depth knowledge of the legal aspects of the relevant documentation, the market and our client’s internal processes. ContractExpress is the right tool for us as it enables us as experienced lawyers to give our legal expertise a new, value added dimension without being dependent on IT or other staff to develop the templates”.
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