I’m often asked by lawyers, especially working for an in-house legal team, to send them a physical copy of the newly agreed contract for a deal with a ‘wet ink’ signature. I’m informed that it’s corporate policy and it baffles me! I can send the document with a digital signature via email within minutes, but to send the same via post, I need to scan the 30-40 pages, print, sign and then post. On receiving the document, the lawyer likely follows the same process to send a signed copy back.
Aside from it being a highly inefficient and cumbersome process, in today’s technology-driven world, there’s a business rationale behind digital signatures: