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GLS Issues Only Review™
A "major issues only" review of your contract
The Problem
It’s a new deal and it’s important. You need to brief the team on the major issues. You are drowning.
Related challenges include:
- time is not on your side – the deal is moving fast
- going ahead with “eyes wide shut” is not an option
- losing the deal could hit revenue and reputation hard
- 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
Time to put aside your plans - you will not be going home early tonight.
The GLS Solution
GLS Issues Only Review™ rapidly delivers an “eyes wide open” understanding of the “deal breaker” and “major" potential legal and financial exposures posed by the contract.
Utilising the GLS Dashboard™, GLS Issues Only Review™ conveys the full import of the major risks presented by your contract in less than 2 minutes.
At a fraction of the cost of Big Law, GLS Issues Only™ removes time and cost as barriers to you accessing an SLA backed review that flags and explains the major issues you face and how to deal with them.
Problem solved.
Solution Deliverables
Unpacking The Risk
Provides a tabulated GLS proprietary contract analysis covering:
| Issue identification: | Identification of in-scope review issues. |
| Risk articulation: | Brief explanation 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 issue. |
| Benchmarking: | We benchmark against GLS’ own best practice standards. |
| Fast: | Delivers a contract briefing of less than 2 minutes. |
| Navigable: | Tabulated findings allow instant issue specific navigation and briefing. |
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 which, if not resolved, sink the deal. |
| Overall risk: | a benchmarked view of your contract’s risk profile. |
Keeping It Simple
The user experience for this Solution includes:
| Productivity: | Effectively leverages up the productivity of your in-house negotiating team. |
| User-friendly: | Rapid comprehension of findings is delivered. |
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 | $349 | $549 | $799 |
| Standard | 3d | $449 | $649 | $899 |
| Advanced | 2d | $549 | $749 | $999 |
| Complete | 1d | $999 | $1,299 | $1,499 |
Pricing Comparison
| Big Law Review | US Rate | GLS Cost | Minutes |
|---|---|---|---|
| Partner | $850 | $349 | 0h 25m 03s |
| Senior Associate | $640 | $349 | 0h 32m 20s |
| Blended | $520 | $349 | 0h 40m 26s |
| Associate | $480 | $349 | 0h 44m 02s |
| Junior Associate | $400 | $349 | 0h 52m 35s |
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
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.
