Fast-Growth Company Partners with Lexitas for Commercial Contracts Outsourcing

Project Highlights

A software company without in-house capacity needed a cost-effective way to review and negotiate a large volume of customer contracts from its business units.
They also wanted an experienced partner who could apply contract management best practices.
The company quickly moved the work from outside counsel to Lexitas’s Commercial Contracts group at a quarterly fixed fee which generated significant cost savings.

The Scenario:

A national software company with multiple offices was drowning in Non-Disclosure Agreements, Master Service Agreements, Statements of Work and Licensing Agreements. Because the fast growth company lacked in-house capacity, the work was being done by outside counsel. The company wanted a high-quality solution with solid processes and negotiating playbooks, quicker response times, custom reporting and cost certainty.

Our Solution:

Lexitas met with the company to understand contract types involved, volume and how the work was currently getting done.
Next, our Commercial Contract group recommended important process improvements and developed the negotiating playbook for all contract types.
In addition, SLA's, reporting and meeting frequency were mutually agreed upon at the outset.
Our team quickly absorbed the work to the delight of the in-house legal team and business units.

Outcome:

The Lexitas solution allowed the client to keep up with ongoing contracts work without having to expand their in-house capacity. They also gained higher quality, quicker response, better reporting and the cost certainty associated with a quarterly fixed fee.

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