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In-House Legal Productivity Hacks: Contracts

IN - HOUSE LEGAL PRODUCTIVITY HACKS : CONTRACTS 1. BUILD ( AND UPDATE ) YOUR CONTRACT LIBRARY Capture , organize and distribute template contracts to the team . Make a specific member accountable to ensure all terms and negotiated positions are kept current . TIME SAVINGS POTENTIAL : 2. SYSTEMIZE YOUR CONTRACT INTAKE Create a formal , consistent process for contracts that collects all necessary information upfront . TIME SAVINGS POTENTIAL : 15 minutes per contract 48 a year TIME SAVINGS hours 20 minutes = 64 a year POTENTIAL : - - - - > Ong 3. LOWER YOUR CONFLICT RISK Review your templates to make sure they reflect your business reality . TIME SAVINGS POTENTIAL : FIVE LESS PER QUARTER , REQUIRING THREE HOURS EACH ASSUMING ONE - THIRD OF CONTRACTS REQUIRE DISCUSSION , AND ASSUMING H NEGOTIATIONS TAKE ONE HOUR EACH -60 a year hours > Xakia 4. START FROM THE MIDDLE GROUND Consider your contract templates : Are they overly aggressive , or require multiple rounds of back - and - forth negotiations ? Consider adjusting your contracts to a middle - ground position that other parties could conceivably accept the first time . And if not , you will be defending that middle ground , versus trying to justify unfair positions based on " company policy . " hours 64 a year CONFLICT RISK 1 IN TOTAL , THAT'S 236 HOURS SAVED - OR MORE THAN SIX WEEKS !

In-House Legal Productivity Hacks: Contracts

shared by xakiatech on Sep 15
In-house corporate lawyers can find more time and productivity with a few tweaks to work habits. Here are some productivity hacks for streamlining contracts.


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