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GLS Full Review™
A full contract analysis and review
The Problem
It’s a really important new commercial deal. There can be no mistakes.
Related challenges include:
- the deal is moving fast and you face overwhelming internal pressure to respond
- losing the deal could hit revenue and reputation hard
- going ahead with your “eyes closed” is not an option
- you do not have much/any capacity and your team is permanently stretched
- there is limited budget for external support and briefing them is time consuming
Your dreams of an early night and a free weekend are fast becoming just that - dreams!
The GLS Solution
A GLS BEST SELLER
GLS Full Review™ is the ideal review solution when you need a quick, high-quality and comprehensive review of a contract.
This solution is perfect in the following use-cases:
- Mission Critical Contracts: get your your mission critical contracts right
- Enhanced Review QA: “4 eye” contract reviews - yours plus ours
- Enhanced Delegation: enabling more effective delegation to junior team members/or the internal client
- Lawyer Contract Leverage: increase the number of contracts managed by your lawyers
- Non Legal Owners: assisting non-lawyer stakeholders to better understand and progress negotiations of your contracts
This review solution covers not just the “deal breakers", but all major points of commercial, financial and legal risk exposure - as well as the “nice to haves”.
The risks you face are articulated, rated by severity and presented with practical risk-mitigation options.
The GLS Dashboard™ contract summary allows you to consume the report's full findings in under 2 minutes - what is the overall risk, top 10 issues, and “risk type” of the contract.
This solution includes our GLS SMART™ risk processor tool which allows you efficiently instruct your response to the issues identified in the report. GLS SMART™ provides the following features:
- Negotiation Organizer: the status of each legal issue is simple to track
- Escalation Guidance: lets you determine what needs escalation
- Next Response: allows you to clearly indicate how each issue should be processed
- Negotiation Aid: the analysis is arranged to enable easy reference and to support negotiations
- Next Draft Simplification: utilize the SMART tool to help team members (or us) to turn your next draft
The net result is a contract review solution that helps drive informed decision making and allows your legal team to be across an enormous number of contracts without themselves having to have conducted the full review.
At a fraction of the cost of Big Law, GLS Full Review™ removes the time and cost barriers you face in fully understanding the risks of any commercial agreement.
Problem Solved.
Solution Deliverables
Unpacking The Risk
Provides a tabulated, proprietary GLS contract analysis covering:
| Issue Identification: | Identification of in-scope review issues. |
| Risk Articulation: | Brief explanations of the nature of the risks posed. |
| GLS Risk Rating: | Our proprietary “lay person” risk ranking of your contract. |
| Risk Mitigation: | Suggested risk mitigation strategies for each risk area. |
| Benchmarking: | We benchmark your contract against our view of industry standard risk. |
| Fast: | An effective contract briefing is delivered in less than 2 minutes. |
| Navigable: | Tabulated findings allow for easy, issue specific, navigation. |
At A Glance
A rapidly consumable visual depiction of the following:
| Top 10: | The Top 10 major issues posed by the contract. |
| Deal breakers: | The issues that threaten to sink the deal. |
| Overall risk: | A benchmarked view of the risk profile of your contract. |
| Issue anatomy: | A breakdown of the critical, major and minor issues. |
| Issue concentration: | Issue concentration across key contract clauses. |
| Anticipated difficulties: | Predicted negotiation "pain points" are flagged. |
| Efficiency drivers: | We outline the top 3 strategies available to drive contracting efficiency. |
Contract Usability
Your contract is rated against the key usability attributes that drive positive contract outcomes:
| Contract usability: | A rating of the user-friendliness of your contract. |
| Comprehension: | This rating covers language, duplicity, simplicity, legality, verbosity, etc. |
| Mechanics: | This rating covers subordination, cross referencing, defined terms etc. |
| Substantiation: | We provide the examples that underpin our ratings. |
What To Expect
The user experience for this solution includes:
| Productivity: | Effectively leverages up the productivity of in-house negotiating team. |
| User-Friendly: | Rapid comprehension of findings is delivered. |
| GLS Dashboard™: | Our famous GLS Dashboard™ allows for a 2 minute contract briefing. |
| Navigable: | Tabulated findings allow for easy issue specific navigation. |
| Compliance: | An excellent risk and compliance record for your organisation. |
| Control: | Your negotiation team can assume greater control of the negotiation process. |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| SLA | Short (Pages <10) | Medium ( 10< Pages <25) | Long (25< Pages <40) | |
| Basic | 5d | $999 | $1,499 | $1,999 |
| Standard | 3d | $1,499 | $1,999 | $2,999 |
| Advanced | 2d | $1,999 | $2,499 | $3,499 |
| Complete | 1d | $2,499 | $2,999 | $3,999 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $999 | 1h 10m |
| Senior Associate | $640 | $999 | 1h 30m |
| Blended | $520 | $999 | 1h 55m |
| Associate | $480 | $999 | 2h 05m |
| Junior Associate | $400 | $999 | 2h 22m |
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
Managed Service
Human Capital
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.
