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GLS Best Practice Precedent Library™
A world-class precedent library to drive efficiency in your legal department
The Problem
Your legal team lacks a set of essential legal dept. templates.
Related challenges include:
- your templates do not reflect group legal policy
- drafting agreements "on the run" takes far too long
- bad templates create systemic deal inefficiencies
- your templates are not considered user friendly
- your templates are too hard/slow to negotiate
- people now use their own "unapproved" templates
- recycled documents are replicating past mistakes
- your contract templates could never be automated
You remain too busy to produce the templates you desperately need.
The GLS Solution
GLS Best Practice Precedent Library™ delivers a truly world class template library for your legal department that drives high performance contracting.
GLS Best Practice Precedent Library™ delivers:
- improved and uniform risk management
- improved corporate governance and compliance
- reduced legal department workflow & oversight requirements
- increased contract administration efficiencies
- preservation of negotiated contractual positions
- enhancements to your organization's reputation
- reductions in the need for external counsel
- shortened contract closure time frames - up to 60%
- mitigation of contractual dispute scenarios
Click “View Sample Solution” to instantly access:
- The GLS Best Practice Library Checklist – Self Assessment Questionnaire
- An overview of the GLS Essential 15 Template Library
- A sample of GLS Best Practice drafting styles
Problem solved.
Solution Deliverables
| World Class Templates: | World class templates harmonized and standardized in light of your legal and compliance policy, and which are super easy to use. |
| GLS Essential 15: | A library to cover 80% of the usual scenarios that legal departments are required to produce documents |
| Custom Library: | A library built to suit your individual requirements |
| GLS Best Practice Features: | Templates reflecting: a common legal dictionary; plain English drafting; “shorter is better than longer” and “simpler is better than complex” principles; 2-line sentences; ongoing maintenance requirements and tailored aesthetic requirements |
| Library Clause Bank: | An underlying clause bank that supports the entire library and allows for rapid assembly of bespoke agreements. |
| Automation Ready: | GLS legal drafting reflects the requirements of contract automation and supports most rules-based automation logic. |
| Maintenance: | Maintenance including regular updates, QA testing, library performance analysis, on-going user feedback and continual training for up to a 3-years. |
| Training: | We can provide training to your internal users to ensure that they use the GLS Best Practice Precedent Library™ in a manner that delivers the greatest efficiencies. |
| Hotline Support: | A 24/7/365 support hotline to support authorized users of the GLS Essential 15 Template Library. |
| Localization: | As an extra module, we can provide a clause bank of additional clauses that will make each template compliant with relevant local laws. |
| Language: | As an extra module, we can provide the template library in any language that you require. |
| User Tools (Optional): | An optional array of User Tools that increase the productivity of your new templates – See Related Solutions in the side bar. |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| DELIVERABLES | Basic | Standard | Advanced | Complete |
| GLS Essential 15 Template Library (15 essential precedents) | ✓ | ✓ | ✓ | ✓ |
| Automation Ready | ✓ | ✓ | ✓ | ✓ |
| Usage Rules | ✓ | ✓ | ✓ | |
| Training (2 hours) | ✓ | ✓ | ✓ | |
| Clause Bank | ✓ | ✓ | ✓ | |
| Maintenance (3x Per Year) | ✓ | ✓ | ||
| Hotline Support (Per Year) | ✓ | |||
| Price (excl. VAT) | $19,000 | $26,000 | $39,000 | $49,000 |
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
Legal Tech
Managed Service
Human Capital
Legal Operations
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.
