Why Use Extranets?
Intelligent use of extranets can save clients both time and money, as well as resulting in a higher quality of service. One simple example is document distribution. Courier services can eat up tens of thousands of dollars when dealing with private placements and syndicated loans that involve documents hundreds of pages long that have to be distributed to multiple parties. Further, in todays business world, speed is becoming more important. For more and more clients, “overnight it” is no longer a satisfactory solution. Richard Susskind explains another reason in Transforming the Law: [C]lients rarely complain about the quality of legal work or the level of knowledge of the lawyers advising them; but they frequently express concern about the mechanics of the working relationship between client and firm. More particularly, it is often said that there is a poor level of communication. Thus, I often read that lawyers appear to be pathologically incapable of returning phone calls promptly; t
