Benefits of Using MS Word for Legal Contracts

Plenty of law firms are implementing new legal software so that they can improve their workflow.

While you might be compelled to do the same (you’re on a good track if you do), it’s worth mentioning that certain software still has staying power. Such is the case with MS Word. This word processor is still a standard in the legal industry 一 and for a good reason. Here are four key reasons why you should stick with it and the clear benefits of using it that you may not have considered.

Makes Your Documents Look Clean

If you only use basic functions every time you start putting together a new contract, you are missing out on a lot of useful tools that can help you be more efficient. Word for lawyers has a plethora of features hidden under the hood that can make your life significantly easier. For example, by delving deeper into Word’s Styles function, you can ensure that a poorly formatted document never leaves your office. The styles can be created from scratch or modified based on your needs.

Similar functionality is applied to numbering and lists, with a neat feature that also allows you to create your numbering templates. Speaking of templates:

Easy to Create Templates

Arguably, the biggest benefit of using MS Word is the availability of a huge number of add-ins developed specifically for writing legal documents.

For instance, you can completely overhaul your approach and save great amounts of time if you start using contract review software.

Add-ins like Loio use AI to automatically scan your contract, highlight the key details such as money or dates, and then group them for easy access. The software allows you to quickly review and edit your documents to ensure you won’t miss anything important, in a fraction of the time.

You can also automatically fix issues with numbering and lists, and fix any formatting mistakes. It’s all about smarter work.

Collaboration Made Easy

When it comes to the legal industry, it’s practically running on Microsoft Word. Although you might be tempted to switch over to other options for collaboration purposes, it doesn’t mean you should. Not when the trusty MS Word has got you covered.

First, document collaboration is possible in Word as well. By using the Track Changes tool, you can mark corrections that you made in the document, enabling your colleagues or the other party to see all the edits.

If you want to take things to the next level and collaborate with your team in real-time, that option is also available if you subscribe to Office 365. This gives you access to cloud services you can use for easy collaboration in the same way you do with Google Docs, but with the added benefit of making your documents as neat and organized as possible.

Legal Add-ins With Powerful Features

You can save a lot of time by using existing designs 一 no need to draft new contracts from scratch every time.

We’re not going to go into detail, but let’s just say this option can be a lifesaver, especially when it comes to those contracts that have similar clauses. The whole process will become a game of filling in the blanks and updating details until the template becomes a full-fledged contract.

Thanks to Microsoft Word, templates can be created quickly.

However, if you’re too lazy to do so, you can also download contract templates online and tailor them to personal preferences.

Don’t Fix What Ain’t Broke

Everything considered, there is no need to look around for a new word processor if you’re already using MS Word. The trick is in identifying its more advanced features and taking time to learn them to be more productive in the long run.

Additionally, investing in legal contract add-ins or using templates will help you get the most out of this classic software. The best part? You can do this without requiring any changes to your existing workflow.

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