Contract Management
Lawyers know contracts inside out, and at Fieldfisher Condor, we understand that contracts are the lifeblood of your organisation. Mismanagement of contracts can lead to increased risk, a lack of compliance, and not realising the full value of your deals. Whether its tracking agreements, managing negotiations, re-papering and ensuring regulatory compliance, Condor has a range of solutions to support our clients achieve harmony in the contract life cycles.
Contract Negotiation
Streamline contract negotiations by creating playbooks, automating the review and drafting processes and managing negotiations.
Operations Outsourcing
Fully manage costs, relieve team pressure, and standardise processes by outsourcing elements of your legal function.
Re-papering
Manage the process of re-papering agreements, including playbook development, negotiation and document updating.
Opinions Management
Streamlining the opinions management process from gathering and review through to accessibility and updates.
We can help you ...
Reduce the cost of negotiations by 40%
Our solution streamlines the negotiation process, cutting down on the time and resources typically required. By automating key aspects and providing data-driven insights, we help you achieve significant cost savings, reducing negotiation expenses by up to 40%.
Speed up and reduce the cost of re-papering your agreements
Re-papering agreements can be a time-consuming and costly task. Our platform accelerates this process through automation and efficient workflows, ensuring that agreements are updated quickly and accurately. This not only speeds up the process but also lowers the associated costs.
Reduce the impact of regulatory change and potential fines
Staying compliant with ever-changing regulations can be challenging. Our system helps you stay ahead by continuously monitoring regulatory updates and ensuring your agreements are compliant. This proactive approach minimises the risk of non-compliance and potential fines, protecting your organisation from regulatory impacts.
Case Study
The Challenge
- The client had numerous commercial agreements including NDAs, MSAs, purchasing agreements that required renewal and negotiation
- Agreements were not stored centrally and were in various non digital/searchable formats
- There were no documented negotiation or review playbooks that existed so there wasn’t a consistent set of terms being negotiated
- There was no technology solution other than a spreadsheet for tracking, managing and executing agreements
Our Solutions
- Workshop with the client to build out detailed playbooks for each agreement type
- Implement our proprietary software, Liberty, to digitise, automate the review and extraction of data and build automated reports of agreements
- Manage any subsequent re-negotiation of agreements according to the playbook
- Develop a centralised portal within Liberty for all agreements and amendments to be stored, searchable and reported on
The Result
- Reduced the cost of successful negotiations down by ~40%
- Reduced the turnaround times for negotiations
- Delivered clear, transparent MI
- Provided access to a systemised library of all their agreements
Speak to one of the Condor team
Reach out to the team and let us help you solve your business challenges.
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