Slides from Chris Combs of Linksquares' Darwin Talk on October 12, 2016 in Boston.

1. Legal Debt:
Why Teams Should Move To
A Digital Contract Process
Chris Combs, Co-Founder of LinkSquares

2. vishal@linksquares.com 2
Legal Debt:
[noun]
1. Risks and other
problems created by
businesses using
archaic processes for
important agreements
that make them difficult
to track and review.
71%of companies say their
files aren’t searchable
by keyword
What is Legal Debt?

3. vishal@linksquares.com 3
Scanned PDF’s create legal risk and ongoing debt in several ways:
Scanned PDF’s are essentially documents locked
as an image
The Major Culprit? Scanned PDF’s
Once scanned, they are difficult to convert
and manage back to any other format
Continued use of scanned documents
compound issues over time!

4. vishal@linksquares.com 4
What To Do About It?
1. Find and gather
your scanned PDFs
contracts into a
single location
2. Convert them back to
digital files using a
combination of OCR
technology and services
3. Implement a
digital process for
contracts moving
forward

5. vishal@linksquares.com 5
Tips on OCR Conversion
1. Asses the source material of
documents for special tables,
characters and language
2. Create a workflow and plan of
execution including QA
3. Be aware of common OCR
technology mistakes and
accuracy issues, like “m -> nn”
4. Consider outsourcing the project
to a partner with experience

6. vishal@linksquares.com 6
Moving Forward: A Digital Process
1. Purchase a digital eSignature tool like
Docusign or Adobesign.
2. Dont just buy the tool, make it part of
your process and stick to it.
3. Reduce scanned documents from
vendors and other parties
4. Get a cloud-based document storage
system like Google Apps, Dropbox, or a
legal specific platform like LinkSquares

7. vishal@linksquares.com 7
@linksquares
www.linksquares.com
Chris Combs
chris@linksquares.com
Thanks!