"We have been working with LawScribe for three years and our experience has been extraordinary. LawScribe works in a team environment with a deep commitment to quality control and training.”
LawScribe’s Corporate Transactional Support Group offers time and cost-efficient support for a corporation’s contract lifecycle management processes. LawScribe’s services support corporate transactions by providing due diligence analysis for prospective transactions and synergy analysis after the transaction is complete. LawScribe’s Corporate Transactional Support Group is managed by experienced U.S. transactional attorneys with substantial Fortune 100 in-house and Am Law 50 law firm experience.
Contract Lifecycle Management
The Challenge
A Contract Lifecycle Management system (CLM) offers the promise of streamlining a company’s contract management processes. Proper implementation, however, is a challenge. When a company acquires a CLM system it is presented with the substantial and unwieldy task of populating the databases with information from its legacy agreements. Collating this information is a time consuming and unrewarding task and one that is often left incomplete.
The Solution
LawScribe provides a quality solution that is cost effective and, more importantly, gets the job done. By relying on LawScribe’s expertise and flexible staffing in this area companies are able to reap the myriad of benefits presented by CLM systems. LawScribe’s attorneys analyze a company’s portfolio of contracts and either directly populate the appropriate fields in the contract management system or provide the company with the appropriate load file.
M&A Transaction Support
The Challenge
Contract due diligence is one of the most labor-intensive tasks of any prospective M&A deal. Even in “friendly” mergers, securities rules and practices generally require third-party review of contractual relationships. The time and expense of the contract due diligence process accounts for a large percentage of the legal costs of M&A work. It also pulls valuable legal resources from other important, higher-level tasks. By outsourcing this task to LawScribe, companies involved in M&A work save themselves a substantial percentage of the legal costs involved in these transactions, and free up resources to concentrate on more critical aspects of the transaction.
The Solution
In the context of a “friendly” merger, LawScribe’s services offer substantial value to the transaction, lowering the legal costs for the acquiring entity while helping to put the newly merged company on the path to meet its synergy goals. LawScribe can undertake the preliminary analysis of the contractual relationships promptly, efficiently and inexpensively. LawScribe can also design the contract review to be the first step in its synergy analysis process.
Synergy Analysis
The Problem
For a merger of public companies to take place, savings are usually promised to the investor community. These savings come in the form of “synergies”, which include the elimination of redundant positions, the consolidation of property assets, and the rationalization of vendor and customer contracts. The analysis of contracts for synergy purposes is a time and labor intensive process.
The Solution
LawScribe’s contract analysis expertise cuts through this problem, identifying “quick wins” for the company, and highlighting areas that will require additional analysis and negotiation. By undertaking this analysis quickly and efficiently, a newly-merged company is able to reap the full benefits of their existing relationships without overpaying for redundant services and relationships.