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Margill New Generation Interest Calculation Software for Law Professionals Partnership Model Presented to National Association of Retail Collection Attorneys November 2004

Interest and the Law

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Margill New Generation Interest Calculation Software for Law Professionals Partnership Model Presented to National Association of Retail Collection Attorneys November 2004. Interest and the Law. On court awards, interest represents anywhere from 20% to over 100% - PowerPoint PPT Presentation

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Page 1: Interest and the Law

Margill New Generation Interest Calculation

Software for Law Professionals

Partnership Model

Presented to

National Association of Retail Collection Attorneys

November 2004

Page 2: Interest and the Law

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Interest and the Law

On court awards, interest represents

anywhere from 20% to over 100%

of the majority of court judgments.

Interest and inflation (the time-value of money)

affects the value of awards in all civil litigation cases.

Interest is a major component in civil litigation,

family law, labor law, banking law, insurance

law, real-estate law, municipal law,

mergers and acquisitions.

Page 3: Interest and the Law

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Agenda

• A Win-Win-Win Proposal

• Revenue Sources for NARCA

• How Sales are Processed

• How Sales are Tracked and Paid

• Jurismedia’s Commitment

• Next Steps

• Questions / Comments

Page 4: Interest and the Law

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A Win-Win-Win Proposal

…’sRoleYour

Members

• Access to new generation, cutting-edge interest calculation software

• Greater efficiency and accuracy for all interest related legal calculations

• Less outsourcing to accountants or actuaries

• Less danger of professional liability

• Market Margill to its members

• Percentage on all sales and recurring revenue on renewals

NARCA’sRole

• Provides promotional material

• Sales and billing

• Keeps track of orders

• Customer support

• Update support

Jurismedia’sRole

Page 5: Interest and the Law

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Benefitsfor You and Your Members

Benefitsfor NARCA

Benefits foryour members

20% of sales+

10% of renewedsubscriptions for

two years

10% discounton retail price

+access to user-friendly,

flexible and precisesoftware tool

Page 6: Interest and the Law

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Recurring Revenuesand Snow Ball Effect

Recurring Revenues

for NARCA

YEAR 1

Your revenue $1,000

YEAR 2

Your revenue

Recurring revenues from Year 1(product sales x 60% renewal rate estimate x 30% for the cost of subscription x 10% rev. share on renewal)

$1,000

$90

TOTAL Revenue

$1,090

YEAR 3

Your revenue

Recurring revenues from Year 1

Recurring revenues from Year 2

$1,000

$90

$90

TOTAL Revenue

$1,180

Example #1

1 office50 work stations= Year 1 revenue

of $500= Year 2 recurring

revenue of $75for ONE unique client

Example #2

1 office200 work stations= Year 1 revenue

of $1,500= Year 2 recurringrevenue of $225

for ONE unique client

Page 7: Interest and the Law

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Revenue Sourcesfor NARCA

• 20% on all software sales to your members

– The selling price includes 1-year customer support and updates

– The average discounted retail price is $90 (single-user price of $155)

• (taking into account single-user and network licence prices)

• Note: the 20% revenue share is not applied to shipping and handling fees.

• 10% on update / support subscriptions thereafter for a period of 2 years

– The subscription cost is approximately 30% of the retail price

• e.g.: retail price for 1-user license = $155. Subscription cost = $49

– The subscription rate renewal is estimated to be between 50-60%

Page 8: Interest and the Law

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How Sales are Processed

1) A member sees a and decides to buy

A 14-day demo is also available on the Web to try before buying

2) Member downloads the order form

3) Faxes the order form to Jurismedia

– request an invoice or pay by credit card or check

4) Member activates Margill permanently with user code provided by Jurismedia

May request a CD-ROM (US$20 fee for shipping and handling)

www.NARCA.org/buyMargillCustomized order form

with discounted retail price

www.margill.com/NARCAGeneral order form with a spaceto mention his/her association

• Printed ad• Banner on the web• Newsletter article

Page 9: Interest and the Law

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How Sales are Trackedand Revenue Share Paid to NARCA

• Web Sales Log

– Contains detailed information for each transaction = Date, Payment Method, Sales Amount, Revenue Share

• password protected

– Log is updated once a week

• Quarterly payment by check to NARCA

• Jurismedia : long term relationship approach

– Jurismedia has been using profit-sharing models for over 2 years

– Jurismedia has over 60 partners

– Whenever a client mentions (orally or written) that he found out about Margill through your marketing efforts you will be credited the sales

• In case of doubt, Jurismedia will credit your organization

Jurismedia is “hardcore” about rewarding its partners

Page 10: Interest and the Law

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Jurismedia’s Commitmentto Supporting You

With your input, we will prepare a minimarketing plan and all marketing material

• Margill page on your web site (and/or NARCA page on the Margill web site)

– Margill general overview

– Customized PowerPoint presentation (using your logo/colours)

– Downloadable demo (14-days)

– Customized order form

• News elements

– Success stories using your members experience with Margill

• to be published on your web site / e-news / magazine

– “How to Use” tips

• to be included in your e-news or magazine

– Press release on upgrade version

• to be published in your magazine / web site

Page 11: Interest and the Law

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Jurismedia’s Commitmentto Supporting You

• 50-word write-up on Margill adapted to your members’ needs

– can be published in your Buyers’ Guide

– can be posted on-line in:

• “Tools, Technologies and Resources”

• “Benefits for members”

• “e-Store”

• “Suppliers Network”

• “Discount on Third-party Products”

• Banner ad or print ad according to your specs

• Article on Margill

• Color brochure

• CDs (demos)

Page 12: Interest and the Law

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Next steps :

• Think about our proposal...

• You have other questions, concerns? Give us a call…

• Contract (very straigthforward) between NARCA and Jurismedia.

– We can send you the contract before any committment on your part

• Mini communication plan written together

– How Margill will be marketed within NARCA and what material to be supplied by Jurismedia

• Campaign launch

• Campaign adjustments (3-4 months later)

• Profit sharing

Page 13: Interest and the Law

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Questions?

www.margill.com

Jurismedia inc.

Tel.: 1-877-683-1815

Fax.: 1 (514) 683-9854

[email protected]

Canada4841 Elmview, suite 100

Montreal, Quebec, H9A 3E9

USA220 E. Delaware AvenueNewark, Delaware 19711