An obstacle to a done deal today is obtaining a signature. Using a handwritten signature to close a deal can increase the cost and time to complete a transaction. But using an inadequate electronic signature without a process to record the facts surrounding the signature can lead to document security and integrity issues—as well as increase the risk that courts will not enforce an agreement.
CoSign by ARX and ALM Media conducted a survey in May 2014 targeting corporate legal departments, law firms and government agencies to understand how signature-dependent processes and digital signatures play a role in daily operations. Of the 202 respondents almost half (47 percent) work in a corporate law department; 33 percent work in a law firm. Twenty-two percent of respondents were law firm partners, 17 percent were in-house corporate counsel and 16 percent were chief legal officers or general counsel.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
