You are on page 1of 27

GUIDE

The ultimate guide to

building a scaleable legal

function in SaaS
Contents

The building blocks of a scalable legal function in SaaS

Strategy

Approach

Collaboration

People

Process

Legal Tech

The legal function maturity model

2
Scaling the legal function in SaaS

There’s no denying the boom in software over the last decade. As barriers
to entry decline and demand for convenience accelerates, more and more
tech companies are appearing to address the ever-growing market for
online services.

SaaS (Software as a Service) companies, whose assets are largely intangible,


are building high-growth and high-margin business and revenue models. As
a result, they entice significant investment and unlock scale at pace.

However, the very benefits that generate demand also make SaaS a highly
crowded market. To succeed (and to justify their rising valuations to
investors), SaaS companies must delight their users, establish unique
competitive advantages and create a culture that retains top talent and
encourages innovation.

As you can likely imagine, this high-growth, tech-powered and cross-border


environment creates a minefield of legal complexities. As a result, the legal
function of a SaaS company has a critical role to play in business success.

Not only do legal departments protect the business from harm’s way, but
in-house professionals are increasingly adopting a strategic advisory role to
spot opportunities and better prepare for scale.

That said, despite significant investment across the business, the legal
department tends to remain lean, with disproportionately low growth
in headcount.

For this reason, we’ve created this guide that covers the building blocks of a
scalable legal function. I hope it will provide you with the foundations to set
your legal team up for scaling success.

Thibaut Caoudal
Co-founder @ Leeway

3
Strategy
The purpose and priorities of scalable legal teams.
The building blocks of a scalable legal function | Strategy

Traditionally, in-house legal teams could Operating strategically means that Legal
focus on the job at hand. In super-fast understands where the business needs
SaaS companies, however, in addition to to be in 3, 6, 12 months’ time and
executing the daily tasks, in-house legal contributes to this by addressing any
professionals will find themselves having legal roadblocks and protecting the
to look forward and plan accordingly. company along the way. It ensures that
all actions are focused on the activities
At its core, a strategy is a plan of action
that have the greatest business impact.
designed to achieve longer-term goals.
It outlines the approach and tactics
required to move closer to an overall How to ace your strategy
objective that defines legal success.
Implement legal OKRs
Now let me stop you right there before
In addition to setting their goals (or
you run off and write a concrete
KPIs), best-in-class SaaS legal teams also
strategy on a static document.
set OKRs to better articulate the value
For scaling legal functions in SaaS, your of the legal department, enable greater
strategy should be around thinking and focus, and more agile working.
acting strategically, putting the relevant
OKRs, which stands for Objective and
tactics in motion to enable this, and
Key Results, are a goal-setting tool that
keeping wider business goals front-of-
inspires teams to set ambitious goals
mind at all times.
while articulating the granular stepping
Being strategic means having clear goals stones needed to achieve them.
and a plan of action to achieve them.
Used by top tech companies such as
More importantly, these goals must be
Google, Spotify, and LinkedIn across
aligned to wider business objectives.
their product, tech, sales, and marketing
It means prioritizing strategic matters teams, OKRs are an increasingly
and adopting relevant processes, tools, important tool to articulate the value of
and technology to free up capacity to the legal department in a language that
do so (more on how to do this in the the business understands.
following sections).
You can learn more about OKRs and
access our free template here.
Why is strategy important?
In SaaS companies, the success of the
legal function is directly linked to the "You really need to understand
clarity around and execution of its the business model as well as the
strategic frameworks. emerging trends and how we can
tackle these."
As SaaS business models enable them to
be incredibly agile, it’s crucial for Legal Senay Gurel
General Counsel @ Voodoo
to have a mechanism in place to keep
up with changing business priorities.
5
The building blocks of a scalable legal function | Strategy

Create a legal roadmap Conduct regular strategic reviews

Roadmaps are flexible planning tools Often operating in two-monthly or


that support strategic and longer-term quarterly cycles to accommodate fast-
planning by defining the overarching changing priorities, SaaS companies can
topics that Legal will seek to address in change direction quickly and equip
the coming quarters. themselves to do so at pace. Their legal
teams should be able to do the same.
Adopting a legal roadmap helps the
team to understand its strategic With this in mind, the tools, resources,
priorities and corresponding actions and processes in place today might not
within a bigger picture context. be optimal in six months' time.

As it forces you to look to the future, To scale with the business, legal teams
legal teams working to a roadmap have should conduct regular strategic reviews
the foresight to put things in place today to assess and update how they work and
that limit blockers in the future. what their focus is in line with current
business priorities.
The clear direction of travel also helps
to secure a budget for specific projects Successful reviews are conducted with
or resources as it's easier to articulate the foresight of the legal roadmap and
legal requirements aligned to business complemented by the execution and
needs. See the simple example below. prioritization given through legal OKRs.

Example legal roadmap


Q1 Q2 Q3 Q4

Setting priorities & Review Q4's OKR results Review Q1's OKR results Review Q2's OKR results Review Q3's OKR results
tracking success Define Q2 OKRs Define Q3 OKRs Define Q4 OKRs Define Q1 OKRs

Review contract Scope CLM solution Implement CLM solution


Contract training for
management process Implement retrospectives Monitor vendor
Activity business teams
Implement weekly standups performance
Review legal matter Draft legal budget
Review Privacy Policy request process Start fundraise prep

A common challenge Measuring success


A prominent challenge facing legal Legal OKRs (discussed above) are
departments is the rising volume of tracked and measured over the course
workload; resulting in a lack of time to of a quarter. Therefore, they provide a
focus on higher-value, strategic matters. useful framework to measure the
success of Legal's strategic activity.
To tackle this, proactively explore and
implement the right tools, processes, OKRs are also a great framework to
and mindset to automate tasks and articular the value of the legal function
streamline workflows. More on how to to the wider business in a language that
do this in the following sections. they understand.
6
Approach
How scalable legal teams think, execute and prepare for the future.
The building blocks of a scalable legal function | Approach

If you’re working in a SaaS company, While this can feel like a challenge at
you’ll know that things move fast. SaaS first, approaching it with proactivity and
businesses bring out new products and optimism means you will be able to
features at pace, integrate with third adopt more efficient processes to drive
parties, raise investment, and more. better results - a key component of
scaling legal functions!
With this in mind, the legal team’s
approach must be agile, with a balance A common misconception is that doing
between proactivity and reactivity. more with less is about cost-cutting.
While this may be the case in some
While your strategy is a plan of action to
instances, it's more about optimizing
achieve your goals, your approach is the
resources - both human and tech - with
way in which you deal with the situation
a view to driving greater business value.
in front of you. Setting an effective
It also involves avoiding any activities
default response mechanism is key to
that are not aligned with the strategy
scale a legal function.
and objectives of the business.

Why does your approach High-performing legal departments in


SaaS achieve this by reimagining the
matter? delivery of legal services. To do so, they
Setting an effective approach and operate in line with their business and
default response mechanism is key to its objectives, upskill their team,
scale a legal function. collaborate near-seamlessly with all
stakeholders, and position themselves
As explored in the previous section, it’s as strategic advisors.
important that in-house SaaS legal
teams think and act strategically.

While your strategy means you have the "If you're lean and nimble, you're
map towards success, your approach is able to move faster in different
the difference between rigidly following directions. Speed ​is always going
a plan and discovering scalability to be an advantage so this is key
through agility and clever resourcing. for scaling companies."

Scalable legal functions approach work Frances Coyle


Legal Consultant
in a way that unlocks efficiencies and
delivers better outcomes more quickly.

How to ace your approach Adopt agile working

To keep pace with the business and free


Proactively doing more with less up capacity to focus on higher-value,
more strategy matters, legal teams
Increasingly, legal teams are being asked
should adopt agile working.
to do more with less.

8
The building blocks of a scalable legal function | Approach

This will allow them to cater to dynamic Prioritization


requirements in a more fluid manner
The prioritization of legal work is
(despite facing a larger workload).
absolutely critical in a context where
Agile working is all about being more workload outweighs resources.
efficient and adaptive to achieve results.
Having clarity over how the legal team
This approach takes larger challenges,
prioritizes work will help you make
breaks them down into more
faster, smarter decisions and achieve
incremental tasks, and then prioritizes
results more effectively and efficiently.
them by their relative value add.
As mentioned in the previous chapter,
To enable scale, agile working shifts the
implementing OKRs enables you to
focus from processes to outcomes
understand where tasks lie in terms of
(giving yourself permission to ditch a
priority hierarchy and business impact.
plan if it isn't delivering the outcomes
you’re aspiring for). You can also use the company's risk
appetite to help you prioritize work.
Agile legal teams work in time blocks
Think about whether this task is really
(e.g. two-week sprints), have regular
something you should be spending your
check-ins with a view to working
valuable time on. Consider the risk-
smarter, not longer when it comes to
reward ratio and whether your time
completing tasks, and implement the
would have a greater impact elsewhere.
right technology to streamline
processes (more to come on this). Clarity over these matters will help you
make faster, more confident decisions
You can learn more about how to create
when you realize that you cannot do
a more agile legal department here.
everything.

A common challenge Measuring success


The nature of legal work makes it tough To measure the success of your
to measure. It's different from other approach, reflect on what changes
departments in that activity is largely you’ve made within the legal department
focused on preventative measures. over the last 3, 6, 12 months.

Yet, by adopting agile methodologies, If you’ve saved time through changes in


you can unlock efficiencies that free up process, the automation of tasks, faster
time to focus on higher-value matters. decision-making, and reaching results
This shifts the perception of legal as a more quickly thanks to agile working,
cost center to a strategic partner. you’ll be able to scale more effectively.

9
Collaboration
Legal in the context of a wider scaling business.
The building blocks of a scalable legal function | Collaboration

Collaboration
In SaaS, cross-function collaboration is Therefore, Legal must be proactive in
critical to ensure company-wide getting the information they need to
understanding and the smooth running prepare and execute strategically.
of external launches and internal Not to mention, if you successfully
updates. achieve frictionless collaboration as well
Whether you’re a one-person legal as high-impact output, you can rebrand
department or a larger legal team, Legal as a business enabler.
collaboration is a key characteristic of
scalable legal functions and high-
performing teams. This means the legal How to ace collaboration
team must collaborate effectively
internally while also working closely with Set regular check-ins with other teams
other departments to achieve common Build close relationships with business
goals. teams and secure time to understand
Collaboration for scale also requires the company’s plans in the short term
strong leadership from in-house and long term. This will enable the legal
counsel and this must be delivered in a team to prepare and act in line with
way that is easy to follow for the rest of these goals.
the business. In addition, legal teams operating in the
SaaS space will receive an ever-
Why is collaboration vital? increasing volume of requests. Regular
conversations with other departments
With an extremely fast pace of business, will help you understand what is driving
legal teams in SaaS must collaborate well the influxes in demand so that you can
or risk slowing down the business, reassess, prioritize and implement
putting the company at risk, and wasting processes or technology to reduce the
time on tasks that add little to no value. amount of legal intervention required.
Effective collaboration also helps the These check-ins can be as simple as
business understand the value of the attending a meeting they already have in
legal function. With this knowledge, it place once a month.
becomes easier to secure additional
Legal budget and resources (a welcome
benefit for SaaS legal departments!).

Also, SaaS companies that are going


through the scaleup phase often have
more people or teams than their
communication structure is set up for.

11
The building blocks of a scalable legal function | Collaboartion

Regular cross-company legal training Generally, in SaaS, you will want to


articulate legal’s value on three levels.
Legal matters affect the entire company.
That's why best-in-class SaaS legal Tactical value
teams build a company-wide collective This outlines the quantity of output
of legal advocates. delivered by the legal department. It
might include how many contracts have
Legal culture is created by executing
been processed or how long it takes for
regular training sessions with business
a contract to be signed, on average.
teams. For instance, you can meet with
Product to explore compliance, Finance Operational value
to explore vendor management, and This focuses on time and money saved
Sales to explore contracts. thanks to the impact of new tools, tech,
or processes. For instance, if you
Not only does this raise the bar in terms
implement a contract management
of the starting point of legal tasks but it
platform, how much resource has been
also breaks down barriers between
saved thanks to self-serve contracts?
Legal and the rest of the business.
Strategic value
Articulate the legal function' value This is centered on the idea that legal is
a mechanism for business growth. Give
In order to scale the legal function, you
qualitative examples of how the legal
must be able to articulate the value of
team is presenting itself as a business
the legal department. Without this, you
adviser. For example, have you made
will not be able to secure the buy-in,
suggestions to better position the
budget, and resources required to scale.
business in light of changing social or
To achieve this, ensure you understand economic factors?
who you’re engaging with and how they
You will find the information you need to
like to communicate. Don’t be tempted
articulate your value by using Legal OKRs
to make this more complex than it
mentioned previously, but remember,
needs to be. Business teams tend to
this must be delivered in a collaborative
prefer concise communication.
manner to reap the benefits.

A common challenge Measuring success


Many legal teams struggle to shake the You can measure the success of your
perception of legal as a cost center, collaboration efforts through anecdotal
making collaboration difficult. To unlock feedback from other teams as well as by
scalability, legal should become as how often legal has become a blocker
accessible as possible by proactively for business teams (which has hopefully
engaging with teams in a way that reduced as a result of regular check-ins,
highlights their business acumen as well simple language, and wider appreciation
as legal expertise. for legal).
12
People
To hire or not to hire: the makeup of a scalable legal function.
The building blocks of a scalable legal function | People

People
To cope with fast growth and to It's important to note the difference
capitalize on opportunities, SaaS between growing and scaling. Growing
companies hire rapidly within business simply increases the legal headcount
teams. However, despite the rising whereas scaling increases the value of
workload, the legal headcount tends to the legal department without increasing
grow at a significantly lower rate. the costs to the same extent.

The legal team may consist of one or As other teams begin to hire rapidly, the
many people but the setup can include legal department has to master a lean
internal resource such as in-house legal approach. Understanding your
lawyers and legal operations options when it comes to resourcing,
professionals as well as outside counsel. and choosing the right fit for your
scenario is key to scale the legal
The key to scale is creating the right function in line with business growth.
legal structure for your specific goals
and plans.
How to resource your team
Why is the setup of your Finding the right balance

legal function important? To scale the legal function, there are


four options:
With an ever-increasing workload and
1. Hire more people
declining resources, it can be difficult to
2. Optimize resource internally
know whether you should hire more
3. Utilize external legal support
lawyers, hire more operational staff, or
4. A blend of 1-3
engage with outside counsel.
Use the decision tree on the following
page to help you explore your options.

A common challenge Measuring success


Often, to scale, companies' knee-jerk To measure the success of your people
reaction is to hire more lawyers. and resourcing strategy, use the
decision tree on the following page to
For scaling SaaS companies, you want to
ensure you have exhausted your options
be able to do more with fewer costs - so
before hiring more people.
instead of automatically hiring another
lawyer, first explore your options to free For stance, you may be able to free up
up capacity by automating tasks, significant resource by implementing a
streamlining processes, and hiring CLM platform that enables business
operational support. teams to self-serve certain contracts.

6
14
The building blocks of a scalable legal function | People

'To hire or not to hire': a decision tree for scaling legal functions

Are all members of the legal team


working on high value tasks?

No Yes

Does the legal roadmap require Does the excess workload


specialized legal expertise? require legal expertise?

No Yes No Yes

Have you reviewed your tools and


Hire more people
processes in the last 3 months and
(e.g. legal ops)
implemented improvements?

Do you already have this


No Yes
expertise in your team?

Optimize resources
Yes No
internally

Repeat the flow Will you need this expertise on


an ongoing basis?

No Yes

Optimize resource internally,


Utilize external
consider external legal support Hire more lawyers
legal support
and hire more people

15
Process
Using processes as a lever for scale.
The building blocks of a scalable legal function | Process

Process
SaaS companies are full of innovative How to ace your processes
and streamlined processes, and Legal
should be no exception. Standardization

Investment in SaaS companies results in Building standardization into your


businesses having to scale at pace. This processes saves time, creates clarity,
heightens the importance of having and improves relationships. To
robust yet flexible processes in place to implement standardization, list down the
ensure things are done correctly in the most common requests of the legal
face of mounting pressure and speed. department. Then, explore which tasks
result in similar output and implement
Legal processes are a series of actions standardization for this activity.
taken in order to complete a specific
task. In Legal, these processes will often For instance, you might adopt oneNDA,
involve multiple, cross-company a standardized NDA, to reduce the
stakeholders and, therefore, must be amount of time spent on negotiation.
simple to understand and execute. Or, as requests increase as you scale,
you might implement a legal request
To scale, you must implement form to ensure you have all relevant
operationally savvy, risk-proportionate, information at first touch.
and of course scalable processes.

Why is process important?


To manage the escalating workload as
the company grows, legal teams must
adopt a new legal operating model that
provides more autonomy to the
business while still offering control over
legal and financial risks.

If they don’t adapt their processes, they


risk halting business growth, blocking
revenue, reducing the visibility over Automation
business risk, and leaving significant time
Automation is when software executes
savings untapped.
legal tasks, processes, or workflows,
To scale, Legal cannot be bogged down either in part or in entirety. Generally,
by high-volume, low-value (but this means implementing the right
necessary) tasks. Processes should free technology (more on this in the following
up Legal capacity to focus on higher- section) to reduce the burden of more
value, more strategic legal matters. manual and routine legal tasks.
17
The building blocks of a scalable legal function | Process

To implement automation, list what legal Give greater autonomy to the business
tasks take the most time. Often, these
Giving more autonomy to business
are lower-value but necessary tasks that
teams can free up Legal’s time from
ensure compliance. From here, explore
lower-value process-driven tasks and
what technology is available to automate
enable them to focus on more strategic,
this high-volume activity.
higher-value work.
For instance, you can automate the
While both standardization and
creation of routine contracts using an
automation will help give greater
automated workflow with contract
autonomy to business teams, legal tech
templates through Leeway.
solutions like Leeway present even
greater opportunities to streamline
processes and reduce manual legal
"If we all begin from the same workload.
starting point, particularly with The most obvious example is self-serve
regards to contracts that are contracts that enable business teams to
lower value and higher volume, generate certain contracts without the
the efficiency that we could gain need for legal intervention. The legal
would be immense." team maintains control over legal and
financial risk as contract templates are
Electra Japonas
pulled from a centralized library and
Co-founder @ oneNDA
approval workflows dependent on
defined conditions are set by the legal
team.

A common challenge Measuring success


A critical point to emphasize here is that For scaling legal functions in SaaS, the
in-house lawyers should not be precious success of your processes should be
about processes. They should be open analyzed in conjunction with the
to challenging and changing the ways business teams who are also impacted.
things are done in order to find a better You may wish to gather anecdotal
and faster way. Take pride in the feedback on changes in process to
outcomes, not the process. understand what’s working well and
what may need further refinement.
This means a shift in mindset from "We
must follow the process" to "How can In addition, track the reduction in
we change the process to achieve requests coming into the legal
better outcomes faster?". Processes department. Processes should result in
should enable scale; ensuring that Legal fewer requests so that Legal can focus
does not become a bottleneck. on strategic, higher-value matters.
18
Legal Tech
Equipping the legal team with tools for the future.
The building blocks of a scalable legal function | Legal Tech

It is fair to assume that SaaS companies Then you can begin to explore what
are open to adopting new technologies. solutions will work best for your needs.
In fact, generally, business teams such
For scaling legal functions, there are a
as Sales, Marketing, Finance, and HR will
number of key areas to think about.
likely have adopted a dedicated tool for
their function. Yet, many in-house legal Future-proof solutions
departments, even in SaaS, are still not
In SaaS, things move fast. This is why
experiencing the benefits of a dedicated
when selecting a piece of legal tech, it's
legal platform.
important to consider the direction of
Legal technology, or legal tech, refers to the business, its future needs, and the
the use of software to enable legal functionality required to support it.
services and support. In terms of scaling However, to get the ball rolling, start
the legal function, it presents the small with a simple use case (e.g. NDAs
opportunity to improve processes and or HR contracts).
collaboration in such as way that
enables the legal team to focus on Usability for non-lawyers
strategic matters while maintaining
As we’ve explored, in-house counsel
visibility over legal and financial risks.
must work closely with business teams
to enable scale and deliver impactful
Why is legal tech important? outcomes. Therefore, technology
implemented should also be accessible
To scale the legal function, adopting
and easy to use for non-legal
legal tech is an absolute must. The
professionals.
manual management of contracts is
simply not a viable option as you scale. When researching your options, think
Therefore, we would advise that you about the user experience, language
embrace legal tech as early as possible used, and functionality required for
as, without it, it'll be near impossible to business teams also. This includes how
scale the legal function. well the tech will integrate with current
tools in use (e.g. Salesforce, Zapier and
When it comes to scaling, tech is all
Google Drive).
about optimizing your time and
managing risk. This means freeing up
time to focus on higher-value matters
"Automation of processes is a
by minimizing high-volume, low-value
must! Tools that help you
tasks, as well as increasing the visibility
negotiate in real-time without the
of legal and financial risk.
need to exchange documents
over emails and taking loads of
How to assess legal tech time are also beneficial."
Firstly, using process mapping, identify Lyuba Popova
exactly what your needs are. Senior Legal Counsel @ Paysafe.

19
The building blocks of a scalable legal function | Legal Tech

Scalable pricing structure


BONUS:
It’s important to think about the pricing Implementing legal tech
structure of your potential tech as the
wider the adoption within the company, In summary, there are six steps
the greater impact you'll experience. to follow when implementing a
CLM platform.
For instance, if all teams adopt a CLM
platform, then they will be able to self- 1. Cataloging - archiving all
serve appropriate contracts and the company contracts and
legal team will save time while still having templates
full visibility over legal and financial risk. 2. Data import - importing legacy
contracts into a centralized
To boost company-wide adoption, some
repository in the CLM
legal tech vendors offer role-based
3. Customization - create custom
license fees. For instance, at Leeway,
workflows by contract type
only core users are charged a license
4. User training - teach all potential
fee, with internal employees and
users how to use the tool
counterparties being able to use the
competently
platform for free.
5. Follow up - monitoring the use
of the platform to ensure
adoption
6. Exploration - get the information
you need quickly with all
contract data in one place

A common challenge Measuring success


A key blocker to the adoption of legal From the outset, you should know what
tech is securing the budget. However, if you’re hoping to achieve. For instance,
you’ve built on the steps mentioned do you want to save lawyers' time, avoid
throughout this guide, it’s likely that your missing deadlines and renewals, or
business will understand the value of the reduce negotiation cycles? Measuring
legal function and, thus, the value in against these initial goals is one way to
unlocking more legal capacity. analyze the success of implementation.

In addition, aim to involve Finance and IT In addition, you might focus on metrics
from the outset. They will reap benefits such as time saved by the automatic
from the tool and can support in generation of contracts and approval
building the business case to invest. workflows, or average time to signed
contract, as well as gathering anecdotal
insights from the business users.
20
The legal function
maturity model
Preparing to scale

In summary, SaaS companies are To do so, you must understand your


founded on business models that unlock starting point. Armed with this
scale at pace. Their revenue models knowledge, you can prioritize actions
supercharge investment in areas such as that move you closer to becoming a
Engineering, Product, and Sales. high-performing, scalable legal function.
Despite significant investment across Below, you'll find a model that explores
the business, the legal department often the different levels of legal departments'
remains lean, with disproportionately readiness to scale and what each stage
low growth in headcount. might look like in practice.
With this in mind, for legal teams to You can use this model to:
effectively support a business as it Evaluate your current situation
scales, they must scale intelligently. Define where you want to be
Understand the next steps
This means optimizing resources,
operating cohesively, and thinking If you have any questions regarding this
strategically by addressing the topics guide, please don’t hesitate to get in
mentioned throughout this guide. touch. Best of luck!

Preparing to scale: legal function maturity model


Not scalable Scalable Top performing

Prioritizes strategic work Legal OKRs & KPIs


Completes work in the order it came in
KPIs in place Legal roadmap in place
Little strategic activity
Strategy Little automation
Aligned to business goals Regular strategic and operational reviews
Automates low value-added tasks Legal-specific mission & values
No one is responsible for looking ahead
Regular communication with other teams Everyone in the team thinks strategically

Agile working in place


Legal presence in relevant business
Struggles to adapt to change in direction Always thinking about future implications
team meetings
Approach No clear rhythm to work Delivers sustainable outcomes
Awareness and preparation for changing
Implement was suits current scenario Regular check-ins with the business to
market dynamics
understand future business needs

Legal works in a silo Works closely with business teams


Rebrands legal internally
Collaboration Little understanding of the business' Minimizes legalese / complex language
Educates business teams on legal matters
direction of travel Understands the business' roadmap

Hires fast Hires slow


Designs resource setup based on future
Hires more people by default Hires on more than legal knowledge
People May hire lawyers who struggle to thrive in a Optimizes resources with an
business needs
Explores non-lawyer legal hires
fast-paced environment internal/external balance

Implements automation Implements standardization


Manual workload
Empowers business teams Regularly reviews and optimizes processes
Process Rigid, outdated processes
Streamlines processes Gathers feedback from business teams
Legal may cause a bottleneck
Challenges the way things are done Keeps up-to-date with new solutions

Implements solutions suitable for future


Little to no tech in place Cool Person Ensures company-wide adoption
Legal business needs
May implement solutions that won't be fit for of solutions
technology Selects solutions that areFancy Job @
suitable for Awesome Company
purpose in the years to come Keeps up-to-date with new solutions
non-lawyers also

22
Appendix
The summary of bits the bobs mentioned throughout this guide.
Appendix

Useful resources

How to create a more agile


Our OKR guide and template
legal deparment

Get the free template Find out here

About Leeway

Leeway is the new way to manage the Based on these contracts, Leeway
entire contract lifecycle in a smart, accompanies you in the negotiation
collaborative, and secure way. through a shared platform that allows
you to collaborate easily with the various
We believe the current way of managing stakeholders, both internal and external.
contracts has a negative impact on the
business and productivity. It creates Finally, your contracts are connected to
losses through the time spent by the the platform and your data comes to life
various stakeholders involved in the to help you manage your business, not
contract lifecycle, the risks caused by miss any deadlines, and identify further
the manual management of opportunities.
negotiations, and finally the loss of
revenue as a result of unclear data
contained in contracts once they have
been signed. Want to learn more
With fragmented and complex stages about Leeway?
that make it impossible to be efficient,
there is a major opportunity to reinvent Discover our intuitive and secure
the contractualisation process. SaaS solution for contract
management in a few minutes.
Our technology allows us to drastically
reduce the number of round-trips
during negotiations by intelligently Request a demo
generating a first version of the contract
tailored to the context of the
negotiation.

24
Appendix

So what difference does Leeway actually make?

Without Leeway With Leeway

Contract generation is based on the The contract is generated automatically


management of a pool of contract thanks to an intelligent clausier which is
templates and/or clauses, which is enriched according to the company's
exclusively manual work and very di!cult to negotiation history.
maintain over time.

Collaboration during the negotiation phase The exchanges are managed directly from
results in many versions of the contract the platform and all modifications are
bring shared in email chains. automatically recorded, remaining
accessible at all times.

Each contract is starting again and does not The lawyer is assisted throughout the
capitalize on the company's negotiation contract revision phase, with automatic
history. suggestions based on their negotiation
history.

The data in signed contracts is not usable All contract data is entered only once in
for the company because the contracts are the contract and is automatically tracked
stored in PDF format. over time.

The signed contract is stored randomly, All strategic company documents are
sometimes on a drive, sometimes locally accessible at the click of a button and
and it takes a long time to find it. access is managed with confidence.

Lawyers struggle to justify the value of their Lawyers can easily extract all their data
work to their superiors. and analyse the impact of their actions

25
getleeway.com

You might also like