Efficient system for high volume contracts
Global Technology Company
The client wanted a better way to handle their global procurement contract review and negotiation. They wanted improved efficiency and budget predictability and their in-house team to focus on the most strategic, high-level transactions.
Working as a managed service provider in partnership with another law firm, contract attorneys, and an LPO, we reengineered their processes and built an intake system that provides centralized contract management, distribution of work to outside counsel, and automated notices to track matter status. Data analytics identify opportunities for improvement to the system, and provide actionable business intelligence to the client.
Using our managed service, the client saved 18% in the first year, went from having over a dozen different outside counsel to a single point of contact, and has data showing everything from their contract volumes and types, to the most negotiated provisions in their contract templates.