Product & Services

Legal contract review typically involves running through one or more checklists to ensure the needs of the company have been met while weighing the implications of suggestions from the other party. The process also requires corporate legal departments to compare the document to their clause library, existing templates, and corporate legal playbooks. Reviewers may need to conduct research to ensure they are keeping up with best practices, wording, and conditions with perfect clarity while also reducing risk and ambiguity. While multiple people and parties review the document before it is signed, much of this work lands squarely on the shoulders of highly paid attorneys due to internal escalation processes and uncertainties associated with junior-level associates. Gartner estimates that up to 40% of a lawyer’s time is spent on tasks that don’t require a lawyer, resulting in $2.7 million worth of lost productivity each year.