Manage legal risks in routine commercial transactions. Augment ability to review legal documents in a real time business environment. Evaluate and limit the commercial and litigation risks.

As insurance costs rise, businesses are addressing greater efforts towards assessment of legal risk before contracts are finalised. The consequences of that front-end time and effort avoid later problems and pain.

Our work involves reviewing and analysing the provisions of a legal document. Examples of legal documents we review include:-

• Bids, Tenders and Proposal Requests
  
  This has allowed our clients to assess the legal (and, therefore, the commercial and financial) risks inherent in bid and tender documents and proposed contracts which are submitted to them. This is especially of importance for "take it or leave it" contracts issued by large corporations and public authorities. Pricing can then be pitched at a level which adequately reflects the legal risk.
  
  
• Project Management with Multiple Contracts
  
  Large capital projects often involve a series of contracts - stretched over time. Our work addresses the challenge of ensuring the consistency, adherence to obligations and timelines of these contracts.
  
  
• Effective Implementation of template-based risk management
  
  Several of our clients had evolved template-based methods to record, maintain and evaluate legal risks across commercial functions - e.g. procurement, distribution, IT contracts and pension administration. We have worked with these clients to implement these systems on their behalf effectively and comprehensively on an outsourced basis.

We have built genuine expertise in this field - and have a dedicated group of lawyers in this business segment. Our working methodology is flexible: we operate our clients' own legal risk management programs, augmenting their teams: with other clients we work to create specific programs which meet the particular needs of their industry and their business.

We also provide the potential to couple legal risk management with the creation and maintenance of a database of the legal documents which have undergone legal risk management review. That database is then available to the client, its internal and external auditors and others whose access to, and checking of, legal documents would otherwise involve the client in significant disruption and expense.