BoostDraft’s Post
More Relevant Posts
-
To run your day the way you want, you need the right tools. If you're struggling with the tools you use, you can't control the way you work, or predict how long it'll take to get things done. #productivity #innovation
-
-
Great insights. Some legal departments are turning to flex talent to maximize cost efficiency in their #legaloperations. Another big piece of the puzzle is ensuring that your talent — whether flex or full-time — is focusing on the highest-impact work, rather than the repetitive stuff that you can automate. When it comes to #contract drafting, that's where BoostDraft comes in. #legaltech #legalinnovation #legalops
Observation: Right now there’s a ton of demand for flexible legal talent that can help review commercial agreements. It’s mostly anecdotal but I’ve been getting a ton of inquiries from General Counsels at growth stage companies. Maybe it’s because I live in the tech-heavy SF Bay Area, or maybe because I used to work in the contracts tech (CLM) space. But the takeaway to me seems to be clear: There’s a huge need for flex talent, ie. interim in house counsel, to help review contracts. I’ve spent some time wondering about why that is. Unlike sales teams, legal teams at growth stage companies are not typically staffed with excess capacity--they are all super lean. So when the company experiences an unexpected spike in sales (a common feature of growth stage companies) a flood of new contracts comes through the door. Legal teams don’t have the resources to review them quickly. So they end up getting blamed for delays. There are traditional solutions to this problem, but they’re all imperfect. For example, some General Counsels ask their teams to work more. But that can compound the problem through burnout, mistakes, and ultimately—turnover. Another solution is to outsource the excess contract review work to a law firm. But the outside lawyer might be unaware of the nuances of your business, and can end up being a lot more expensive than expected. However, with flex talent, General Counsels get the best of all worlds for reviewing commercial contracts. Someone who works closely with your existing team but doesn’t have the same cost structure as a FTE or the unpredictable expense of a law firm. Other macro forces are accelerating this trend. For example, the pandemic and the rise of Zoom/Teams has led to the creation of a completely new, high quality flex talent pool that’s distributed across the country. At the end of the day, the General Counsel is responsible for prioritizing the legal function’s most important initiatives. To do that successfully, they have to assign the right resources to the right problems. As legal execs realize how flex talent can be used to meet unexpected demand, I think we will see even more interim in house job postings--not just for contracts but for other practice areas as well. Ultimately, this will free up legal teams to focus on the most strategic type of work that can *really* move the needle for their company. Which is an entirely different topic worthy of a longer discussion.
-
Not every #contract makes the news, and not all of them are worth millions of dollars — but every business agreement needs lots of work and attention to detail from each party to get to the finish line. That's why we help legal teams automate much of the busy work involved in drafting contracts, so they can focus on the big issues that drive the bottom line. #contracts #legaltech #legalinnovation
-
We love helping our customers take care of the small things that lead to big changes in efficiency and productivity. #mondaythoughts #dailyinspiration #innovation
-
-
More great customer feedback! We love to see it. #legaltech #customersuccess #productivity
-
-
We're so proud to work with great organizations like Farella Braun + Martel LLP! Congratulations on a well-deserved honor. We can't wait to see what you do next.
We are proud to announce that Vault has ranked us among the "Best Midsize Law Firms to Work For" in the United States and named the firm among the country's “Top 150 Under 150.” Learn more about Farella and our Vault Quality of Life rankings: https://lnkd.in/gbV68Y8W #BestPlacesToWork #BestMidsizeLawFirms #SanFranciscoLawFirm
-
-
What's the biggest contract you've ever worked on? This railroad construction contract that Amtrak just awarded is worth over $1 billion. Can you imagine the sheer number of clauses and definitions the lawyers have to keep track of in a deal that big? While it might seem daunting, that's precisely what BoostDraft is built to do. Whether your deals are in the billions or maybe a little smaller, come see how you can draft better with BoostDraft. #contracts #legaltech #legalinnovation
Amtrak Awards Construction Contract for East River Tunnel Rehabilitation
https://media.amtrak.com
-
Laser-focused on helping our customers stay laser-focused. Happy Monday! #mondaythoughts #dailyinspiration
-
-
Most contract negotiators want to focus on creating value, not paperwork — but how do you do that? One way is by using tools that minimize the hassle of drafting, so you can get straight to the heart of the matter. That's where BoostDraft comes in. #contractnegotiation #legalinnovation #legaltech
More than 70% of contract negotiators would like to alter the negotiation agenda and shift the balance towards value - at least some of the time. Share your thoughts on the current state of negotiation in the 2024 study of the Most Negotiated Terms. In return, you will discover how you can alter the focus, cutting cycle times and generating more frequent win-win outcomes. https://lnkd.in/e-YuCCSU
-
-
We always love hearing from our customers! #customerappreciation #customersuccess #legalinnovation #legaltech #productivity
-
