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GLS Deal Memory™
A chronicle of key decision-making events
The Problem
You have inherited a mess of a deal and no one seems to know what has happened. You need to find out.
Related challenges include:
- the deal has hit turbulence and your business is now in an internal spin
- the deal team has moved on and no one knows why a position was agreed
- Risk and Compliance have identified that internal policy was not followed and are looking for blood
- the regulator may soon express interest in this particular deal
- internal efforts to understand the deal history has created a chill in your workplace.
- the Board is asking questions and you just do not have answers
Corporate amnesia poses major risk and compliance challenges that are actually easily avoided. Why not let GLS get you across the who did what, when and why?
The GLS Solution
GLS Deal Memory™ provides a complete solution to effectively capturing the decision-making rationale behind key legal risk allocation points in a transaction. It captures the “who, why and when”.
People come and go from a business all the time and with them goes deal specific knowledge. GLS Deal Memory™ ensures that 'corporate amnesia' does not compromise your business going forward - resulting in potentially unnecessary commercial compromises or risk and compliance issues.
GLS Deal Memory™ ensures your business never forgets the core of the deal - even if your people do.
Problem solved.
Solution Deliverables
| Deal history report: | a comprehensive simple to read, intuitive key decision history report |
| Passive audit: | data is collected through a non-intrusive set of tools including online audits |
| Key decisions: | who, why and when for decisions regarding the 10 most litigated terms |
| Deviation analysis: | we provide a tool to help you capture policy deviations |
| Expert: | our team are all legally trained experts |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| Short ( 1< Pages <10) | Medium ( 10< Pages <30) | Long (30< Pages <50) | ||
| Platinum (Single tier) | $499 | $799 | $1,199 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $499 | 0h 35m 22s |
| Senior Associate | $640 | $499 | 0h 47m 18s |
| Blended | $520 | $499 | 0h 57m 58s |
| Associate | $480 | $499 | 1h 02m 37s |
| Junior Associate | $400 | $499 | 1h 15m 25s |
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
Compliance
Legal Operations
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.
