Most lawyers know the contract review process can often disrupt deal flow. Business leaders recognize this as well: more than half of businesses say inefficiencies in their contracting processes have cost them deals. At a time when budgets and headcounts are shrinking, it’s never been more important to identify ways to accelerate deals.
Legal teams have the opportunity to expedite deal flow by identifying commonly redlined items and introducing more efficient ways to address them. By taking this opportunity, teams can spend more time on complex tasks while still running contract negotiations at an elite level.