Practice Guide: Operationalizing Contract Review & Negotiation
-min.avif)
Lee Holcomb is an attorney, author, consultant, and legal solutions expert. A twenty-year industry veteran, she has lived and worked around the world. Lee’s career has spanned from being a partner in a law firm to restarting her career in India in the early days of the legal process outsourcing industry. She has worked in positions at every level, from the project trenches to service design and final delivery. She is also the author of Lifestyle Lawyer, a book exploring the special challenges and opportunities female attorneys face in the new legal environment, both at work and in their personal lives. Lee is the Director of Operations for Enterprise Legal Solutions at Consilio. In her current position, she leverages her extensive and diverse background to deliver projects and design solutions for clients of all shapes and sizes. She prides herself on project delivery, process improvement, and driving value for clients and organizations.
Summary
The past few years have ushered in many changes in how organizations are working. Now, more than ever, corporate legal leaders must take a realistic look at how their in-house team is operating, evaluate how to drive efficiencies, and assess when it may be time to bring in some help. One area savvy corporate teams focus on first is their contract review and negotiation processes. Contracts are an essential part of business, but they can be time-consuming and costly. Many legal departments are swimming in contracts and don’t have a manageable, efficient system in place. Repetitive and inefficient processes are a drain on time and can result in missed opportunities and costly mistakes.
In this Practice Guide
- How to do a process review
- Conducting a cost benefit analysis
- The role of flexible staffing and technology
Key Insights
- The benefits of repeatable processes
- The importance of a central repository
- The value of creating playbooks
Summary
The past few years have ushered in many changes in how organizations are working. Now, more than ever, corporate legal leaders must take a realistic look at how their in-house team is operating, evaluate how to drive efficiencies, and assess when it may be time to bring in some help. One area savvy corporate teams focus on first is their contract review and negotiation processes. Contracts are an essential part of business, but they can be time-consuming and costly. Many legal departments are swimming in contracts and don’t have a manageable, efficient system in place. Repetitive and inefficient processes are a drain on time and can result in missed opportunities and costly mistakes.
In this Practice Guide
- How to do a process review
- Conducting a cost benefit analysis
- The role of flexible staffing and technology
Key Insights
- The benefits of repeatable processes
- The importance of a central repository
- The value of creating playbooks
