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GLS Knowhow Centre™ – Real Estate Clause Bank Module

A library of common real estate clauses

The Problem

You work with real estate agreements all the time but do not have a real estate 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 real estate agreements. 

Utilising world-class pre-approved real estate agreement clauses allows your team to focus on more "custom" lawyering whilst delegating safely.

Drafting or editing a real estate agreement? A few clicks and you are good to go. 

Problem Solved.

Solution Deliverables

GLS Clause Bank™:Contains clauses covering common real estate 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.
MacroView View LicencesSoftware 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 oneColumn twoColumn threeColumn fourColumn five
DELIVERABLESBasicStandard Advanced
Standard Module
Automated Content
Macroview Licences (charged separately)
GLS Implementation
(excl. VAT)$499$999$1,999

Pricing Comparison

This product is a complete solution with clear deliverables. What could your law firm provide you for US$499. See below to find out.

Big Law ReviewUS RateGLS CostMinutes
Partner$850$4990h 35m
Senior Associate$640$4990h 47m
Blended Rate$520$4990h 58m
Associate$480$4991h 00m
Junior Associate$400$4991h 08m

GLS RPLV Legal Operations Score

This solution’s GLS RPLV impact score:

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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.

FREE DOWNLOAD: GLS’s Ultimate Guide to Legal Operations.

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