Our ‘Legal Engineering’ series tell the story of Fred the Legal Director at Corboda, software-as-service company. Fred is not a real person, but his challenges will ring true to a lot of in-house legal directors and legal teams.
In Part 1 Fred took the first steps towards reaching his business goals; to shorten speed to contract, to reduce external legal cost and improve service delivery. This included speaking to the relevant people across the business to make sure their needs were going to be met and he had their buy-in.
In Part 2, Fred and team put their plans into action by getting rid of the “fat” in their contracts process and optimising their most used ones. This also included writing a contract playbook for the business to use, a time consuming project in the short term, but one that will pay off in the long term.
In Part 3 the focus is on education and taking the right steps to ensuring the new processes and the contract playbook are used. Fred does this through training and deploying ‘legal engineering’ to automate his NDA’s and routine sales contracts. This makes their contracting process more efficient, faster, safer and future-proof.
Part 3 show the results of Fred’s plan. The team have cut external legal spend by 30% and the contract conclusion lifecycle is down from 32 days to 15 days.
Read how Fred secured these results here.
