In Europe, the European Benchmark Regulation (‘BMR’) has been the catalyst for major transition from the old regime of benchmarks towards new and alternative reference rates set to transform the finance industry.
On the advice of the Legal Ops Manager, an in-house lawyer must decide whether to outsource a high-volume contract renegotiation project to an ALSP. What happens if he does? What if he doesn’t?
Whilst the principle of maintaining legal entities may seem simple, the process can vary significantly across emerging markets. Considerable fines and reputational damage are the likely fall out if entities are found to be non-compliant.
Kalexius has been recognized as a premier managed legal services provider by Chambers and Partners for the second year in a row. The ranking focuses on ALSPs and their added value for in-house legal departments.
It is incredibly difficult for in-house legal teams to manage both business-as-usual support and these regulatory repaperings which can involve negotiating thousands of documents.
Tech is an essential part of a legal transformation programme. But when it comes to transforming the way legal services are delivered, the maxim ‘People, Process, Technology’ was never truer.
Our core business involves the review and negotiation of high volumes of contract documents. As such, we wanted to test the benefit of a pre-signature contract review tool versus the good old Microsoft Office tools.