For most companies, the last ten to fifteen years has driven significant changes in the process of creating, negotiating and managing contracts with their customers, suppliers and partners.

These changes include:

(a)  A dramatic increase in the number of contracts a given company finds itself entering into in a given year.

(b)  A decrease in the amount of time a lawyer (internal or external to the company) is expected to create and turn around a definitive contract in order to keep the company competitive and responsive to customers and partners.

(c)  An ever continuing increase in legal and regulatory complexity, resulting in a given lawyer's expertise spanning a smaller number of overall areas and, accordingly, creating a need for that lawyer to rely on other lawyers' knowledge and experience for a variety of expertise (e.g., export controls, e-commerce regulations, IP licensing, data privacy laws, environmental regulations, etc.).

(d)  An increase in the sheer number of countries and markets a company is doing business in, leading to an increase in the relevant knowledge a contracting professional needs access to in order to accomplish their job.

(e)  An increasing desire for more consistency when dealing over and over again with the same supplier, customer or partner such that the wheel isn't re-invented each time around, the customer or partner has a similar experience each time they interact contractually with the company, and that similar deals have similar contractual provisions where possible (e.g., choice of law, assignment, notices, etc.).

The foregoing drivers are causing many companies to look anew at their people, processes and technology with respect to how the company's relevant legal knowledge is managed, maintained and re-utilized, how the comany's processes affect (positively or negatively) the quality, consistency and timeliness of their contracting work product, and automation, or semi-automation can be introduced in order to increase efficiency and reduce overall costs.

MetaJure works with you to assess your current reality in contracting and then proposes ways that corporations can generate significant cost savings and higher productivity.