LegalEase Reviews and Manages NDAs for a Private Equity Firm

The client is a privately held investment firm that serves some of the world’s most influential organizations. They have access to susceptible information from their voluminous clientele during business.

Challenge

The client needed to protect the confidential information of their customers. They regularly executed Non-Disclosure Agreements (NDAs) following numerous, unique templates, specific to their clients’ requirements.

On average, the company’s four-person legal department received five NDAs to review every day. Their team needed to assess all clauses in each NDA. This left them short-handed both in terms of time, and resources. Inundated by NDA work, the department had no time to attend to other legal matters.

Solution

Getting back 12 hours a week with LegalEase NDA review

LegalEase taking on the company’s NDA review and serving as an extension to the legal team reduced the time it spent on tedious NDA work. The legal team saw an immediate impact since our team was able to save them at least two to three hours per contract and 8 to 12 hours a week, depending on the complexity of the contract.

From in-house bottleneck to revenue-generator

LegalEase’s faster, cheaper, and better NDA mantra allows the client to do things that actually create revenue. The turnaround time dropped from three days or more to two hours or less. This gave the client valuable time to focus on doing more strategic work which is a higher priority for their business.

Reducing risk and ensuring consistency

Risk levels generally go up when the legal team has a hectic schedule. With LegalEase taking over the NDA review, the client’s risk appetite was in control, ensuring consistency.

Result

The firm’s legal department:

can depend on thorough and complete NDAs
is free to focus on other core projects
enjoyed 45% cost savings