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Contract Review Report - Template
A template to present comprehensive contract review findings
The Problem
Your legal team are not using a standardised reporting template for their contract reviews
Related challenges include:
- your legal team are applying divergent review practices
- your internal clients do not receive comments in a standardised, familiar format
- comments do not include solution options / negotiation strategies
- clients aren't getting a quick snapshot of overall contract risk
- you have trouble delegating contract negotiations to junior lawyers
- processing contract review comments is timely process
- getting risk mitigation strategies approved takes too much time
- standard forms drive quality and efficiency - you do not have them
Wouldn't it be great if your legal team were delivering powerful full contract review comments in a dept. standard manner that improved overall contracting?
The GLS Solution
This tools gives your legal team a powerful resource to significantly improve the standard and effectiveness of contract reviews performed by your team.
This solution includes:
- dashboard summary – an “at a glance” overall contract findings summary
- mitigation strategies – a field to propose risk mitigation strategies
- SMART fields – allowing for your business to reach rapid alignment on next steps
The performance features that this resource delivers to your team includes:
- a standard high-quality way to deliver contract reviews
- a means to capture a “comprehensive” contract views – all issue types
- an efficient means to formulate contract negotiation strategy
- basic data analytics on your contract review
- beyond legal – contract issue performance beyond mere legal issues
- efficient delegation, escalation, risk mitigation and contract redrafting capability
- a familiar means/format for your internal client to consume review findings
- an efficient means for legal and the internal client to “align”
- resources that allows legal and its internal client to “align” efficiently
Bring your legal teams contract review, processing and negotiation strategy to the next level … with a simple contract review template that drives powerful performance efficiencies.
GLS – Law Rewritten
Solution Deliverables
World Class Templates: | World class templates, created by world class lawyers with decades of experience both in-house and at the world’s best law firms. |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| DELIVERABLES | Basic | |||
| GLS Template | ✓ | |||
| Price (excl. VAT) | $99 |
GLS RPLV Legal Operations Score
This solution’s GLS RPLV impact score:
| Resource Status: | Specialist | Repeater | Formative |
| Ease of Implementation: | Complex | Average | Easy |
| Value Demonstration/Visibility: | Low | Medium | High |
| Productivity Leverage Profile: | Low | Medium | High |
| IHL Line Optimisation: | Single | Multiple | All Lines |
IHL Critical Function Optimisation Targets
This solution enhances performance across the following critical in-house functions:
In-House Legal: Critical Functions / Processes
General Counsel
Contracting
Managed Service
Human Capital
Performance
Knowledge
Internal Client
GLS has identified 15 critical in-house processes/functions that are present in every world-class legal department. To learn what these functions are, their composition and how they interrelate to deliver efficient legal team performance outcomes - visit here.
