Legal contracts and agreements form the basis for business relationships with clients, third-party vendors, business partners, and service providers. Managing legal contracts throughout their lifecycle, rather than simply executing them and filing them away, can help ensure contractual obligations and deadlines are fully met. However, managing contracts can be labor-intensive and time-consuming for legal departments. Outsourcing the legal contract management process is a cost-effective way to create efficiencies and allow internal legal teams to focus on higher-level priorities. It also assists corporate legal departments with:
- Avoiding oversights. Outsourcing contract management can help companies ensure they stay on top of contractual deadlines, contract renewals, reporting requirements, and other obligations.
- Drafting and negotiation. For firms with a high volume of agreements, outsourcing may be a way to ease the burdens of drafting and negotiating common contract terms. Outsourced legal service providers are adept at reviewing voluminous agreements and can identify contract provisions that don’t adhere to their clients’ standards.
- Standard clauses and templates. For common contract types, outsourcing the contract management process also allows contracts to be drafted using standard contract provisions and templates, making implementing or amending contracts easier.
- Contract abstraction. Creating abstracts and summaries, extracting key deadlines and dates, important terms, and other relevant data can result in significant resource savings throughout the contract lifecycle.
- Organized records. Creating a contract database and management system helps legal departments access their contracts and legal agreements quickly, without having to locate and pull contract files.
- Foreign language contracts. In today’s global business environment, organizations often encounter contracts and agreements written in languages other than English. Working with a legal outsourcing partner that has expert translators allows organizations to get reliable, accurate translation, interpretation, and abstraction services for foreign language legal documents and contracts.
Baer Reed offers legal contract management and other services to corporate legal departments. To learn more, call us at 888-433-1990, or contact us online today.
Mr. Reyes graduated with honors from the Ateneo de Manila University, where he received the Procter and Gamble Student Excellence Award. He obtained his Juris Doctor degree from the Ateneo de Manila School of Law. During law school, Mr. Reyes was part of the Philippine delegation to the Willem C. Vis International Commercial Arbitration Moot held in Vienna, Austria. He was also a member of the Ateneo Society of International Law and the St. Thomas More Debate Society. He completed his internship at the Public Attorney’s Office. He wrote a thesis entitled: “To Kill A White Elephant: An Analysis of the Fiduciary Exception to the Corporate Attorney-Client Privilege”. Mr. Reyes is admitted to practice law in the Philippines and the State of New York.
Ms. Lardizabal-Manzano is a graduate of San Sebastian College-Recoletos, where she earned her B.A. in Political Science. In 2003, she received her law degree from Lyceum of the Philippines and was admitted to practice law in 2004.
Matthew Hersh earned a B.A. in Political Science from Columbia University in 1990 and graduated cum laude from Georgetown University Law Center in 1999. He also holds a master’s degree in international relations from the Georgetown University School of Foreign Service.
Cap. Avi Levak (Res. IDF) graduated from from Israel’s prestigious Ben-Gurion University of the Negev with a Bachelor of Science in Computer Science and Mathematics. He is also a Leadership and Communication coach trained in TuT coaching by Alon gal in Israel. Avi specializes in high-level, in-depth analysis of business and client needs, within systems and software strategy and architecture.
Ms. Tyler graduated cum laude from Georgetown University and received her law degree, cum laude, from Georgetown University Law Center. During law school, she interned at the United Nations Economic Commission for Europe. She also worked on The Tax Lawyer journal and was a member of the award-winning Barristers’ Council Mock Trial Team. Ms. Tyler is admitted to practice law in the State of California and the District of Columbia.
Ms. Cruz-Anonuevo graduated cum laude and top nine in her batch from Miriam College with a degree of Bachelor of Arts in InternationalStudies. She obtained her Juris Doctor degree from Ateneo de Manila University School of Law in Rockwell. During law school, she interned in Rivera, Santos, Maranan & Associates. She was also part of Ateneo’s Labor Law Bar Operations. She wrote her thesis on, “Stealing Privacy: Limitations on Media’s Photographic Invasion.,” Ms. Cruz-Anonuevo is admitted to practice law in the Philippines.
Ms. Aquino-Batallones obtained a Bachelor of Arts degree in Development Studies (with Minors in Global Politics and Hispanic Studies) from the Ateneo de Manila University. In 2011, she received her Juris Doctor degree from Ateneo de Manila University School of Law. During law school, she interned at Romulo Mabanta Buenaventura Sayoc & de los Angeles then became an intern of Ateneo Legal Services Center’s Clinical Legal Education Program.
Mr. De Guzman graduated from San Beda College with a degree of Bachelor of Arts Major in Economics and received his law degree from San Beda College of Law. He is multilingual and is fluent in three languages: Chinese, Filipino, and English. He was admitted to the Philippine Bar in 2003.