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GLS Knowhow Centre™ - Finance Clause Bank Module
A library of common finance agreement clauses
The Problem
You work with finance agreements all the time but do not have a finance agreement clause bank resource.
Related challenges include:
- locating and/or amending simple clauses takes too much time
- not having standard clauses limits your ability to delegate
- hand-crafting standard legal building blocks makes no sense
- anything hand-crafted requires additional review time
- using clauses from old precedents can replicate previous mistakes
- Googling is not lawyering
Wouldn’t it be good if you had a single source of approved clauses ready to go?
The GLS Solution
This module is a powerful productivity tool for any legal department looking to instantly boost their productivity when working with finance agreements.
Utilising world-class pre-approved finance agreement clauses allows your team to focus on more "custom" lawyering whilst delegating safely.
Drafting or editing any finance agreement? A few clicks and you are good to go.
Problem Solved.
Solution Deliverables
| GLS Clause Bank™: | Contains clauses covering common finance agreement legal concepts. |
| Custom Legal Dictionary: | A dictionary of legal terms developed specifically this contract type. |
| Automatable: | If you want an automated version of this clause bank module you will need to purchase the “Standard” version which provides access to content in an automatable. |
| GLS Knowhow Centre™ - Legal App Module | Software licences that make your clause bank accessible from all major Microsoft applications (Word, Excel, PowerPoint, Outlook) are available on a per user basis and are charged separately. |
| Implementation: | If you would like us to implement your new automated module, you will need to select the “Advanced” option. |
Solution SLA Options and US$ Pricing
| Column one | Column two | Column three | Column four | Column five |
|---|---|---|---|---|
| DELIVERABLES | Basic | Standard | Advanced | |
| Standard Module | ✓ | ✓ | ✓ | |
| Automated Content | ✓ | ✓ | ||
| Macroview Licences (charged separately) | ✓ | ✓ | ||
| GLS Implementation | ✓ | |||
| Price (excl. VAT) | $499 | $999 | $1,999 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $499 | 0h 35m |
| Senior Associate | $640 | $499 | 0h 47m |
| Blended Rate | $520 | $499 | 0h 58m |
| Associate | $480 | $499 | 1h 00m |
| Junior Associate | $400 | $499 | 1h 08m |
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 Tech
Managed Service
Human Capital
Knowledge
IP
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.
