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GLS Deal Shaper™ (Shareholders Agreement)
Be clear about what goes in your shareholders agreement
The Problem
It takes too long to complete your investment deals.
Related challenges include:
- it is inefficient to draft a long form SHA if the parties are yet to achieve an informed and aligned view of how their relationship will work
- if the term sheet says “The Definitive Agreements shall include customary [X]” there will certainly be a long debate when the lawyers start drafting
- each “turn” of a long-form documents costs hundreds of dollars in legal fees
- your team's capacity is stretched
- your business team wants to close deal quicker
- your counterparties have limited &A experience
- your team has limited M&A experience
- long-form drafting is slow and tedious to review and negotiate
Wouldn’t it be great if there was a simple tool that would enable a completed, neatly aligned, full-blown SHA to emerge in a fraction of the time and cost?
The GLS Solution
GLS Deal Shaper™ (Shareholders Agreement) is a simple, but highly effective tool to enable potential parties to a SHA to achieve alignment on the key points that will regulate their relationship.
This tool works in conjunction with a GLS facilitated workshop, during which GLS advisors will walk you and your counterparties through each of the key SHA terms to help build a clear consensus amongst the proposed shareholders.
This is the tool that you wished a “Term Sheet” would be! This tool enables thousands of dollars worth of wasteful negotiation time to be striped from your deals.
GLS Deal Shaper™ (Shareholders Agreement) enables informed, aligned views to emerge efficiently - which builds deal momentum and reduces the risk of conflict/disputes down the road.
This is a powerful, intuitive and easy to use tool that every corporate lawyer should have in their tool shed.
Problem solved.
Solution Deliverables
| Deal Shaper: | A simple document, that is intuitive, comprehensive and easy to use. It also includes guidance notes and potential options to make it truly powerful and truly intuitive. |
| Facilitated Workshop: | A GLS legal expert will assist you to use this tool in a “live deal” setting. . |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| DELIVERABLES | Basic | Advanced | ||
| Deal Shaper | ✓ | ✓ | ||
| Facilitated Workshop | ✓ | |||
| Price (excl. VAT) | $99 | $499 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $99 | 6.9min |
| Senior Associate | $640 | $99 | 9.2min |
| Blended Rate | $520 | $99 | 11.4min |
| Associate | $480 | $99 | 12.3min |
| Junior Associate | $400 | $99 | 14.85min |
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
Contracting
Legal Operations
Knowledge
Disputes
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.
