Back
GLS Highlights™
A 2 page summary of key contract terms
The Problem
No one has a clear view/snapshot of what your contract means.
Related challenges include:
- you receive a regular flow of questions on contractual meaning/issues
- the team that negotiated the deal has moved on along with their deal knowledge
- wading through large contracts to extract key features is hugely time intensive
- the Board/Risk/Audit Committees want a clear contract summary
- the contract has hit turbulence – a briefing is needed urgently
- the capacity of you and your team is permanently stretched
- there is limited budget for external support and no time to instruct
Who can be relied upon to produce a clear contract position paper quickly and accurately? Right, time to cancel your plans!
The GLS Solution
GLS Highlights™ provides a distilled summary of the key features of any contract, long or short, simple or complex. Critically, GLS Highlights™ provides an independent and impartial view of what your contract “actually” says.
At a fraction of the cost of Big Law, GLS Highlights™ removes time and cost as barriers to you accessing a frank, accurate and timely understanding of what any contract means for your business.
Problem solved.
Solution Deliverables
| Summary: | Your contract is succinctly summarised. |
| High-level: | We focus on the key contractual features. |
| User-friendly: | Our findings are presented in a visually rich format. |
| Navigable: | Tabulated findings allow instant issue specific navigation and briefing. |
| Administration: | Constitutes an excellent contract briefing tool for your organisation. |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| SLA | Short (Pages <10) | Medium ( 10< Pages <30) | Long (30< Pages <50) | |
| Basic | 5d | $199 | $499 | $999 |
| Standard | 3d | $299 | $699 | $1,199 |
| Advanced | 2d | $399 | $799 | $1,399 |
| Complete | 12h | $499 | $999 | $1,999 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $199 | 0h 14m 3s |
| Senior Associate | $640 | $199 | 0h 19m 6s |
| Blended | $520 | $199 | 0h 23m 36s |
| Associate | $480 | $199 | 0h 25m 27s |
| Junior Associate | $400 | $199 | 0h 30m 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
Contracting
Compliance
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.
