Contract Lifecycle Management
NewLaw Guide 2024 : Global-wide
Band 1
About
Provided by Factor
Factor focuses on solving for high-frequency complex transactional legal work. Within this area of focus, they bring experience in supporting, enabling, and transforming with the largest portfolio of complex contracting work in the market, and more than a decade of focused experience delivering contract negotiations, contract change and contract enablement services.
Type of work handled:
• Contracting Enablement: Encompassing contracting functional advisory services, such as designing and implementing scalable, responsive contracting ecosystems, as well as advising on ELS, contract data management frameworks, contracts-related legal technology, methodologies to enable contracting (template management, playbook development, workflow design), reporting and data analytics related to contracting workflow and process, and contracting related workforce planning, development, and augmentation.
• Contracting Execution: Managed services span contract review, negotiation, and contracting enablement services delivered on a design-build-operate model. Project-based services include contract analysis and repapering, M&A-related post-merger contracts integration, and specialized contract reviews such as netting reviews in financial institutions.
Categories of clients:
Financial Services, Technology, Life Sciences, Global Services Firms, And Industrials.
Chambers Review
Factor has over 600 lawyers and contracts specialists in the USA and Europe. Its services range from short-term regulatory repapering projects to longer managed services, and consulting on improving processes.
Varun Mehta is the firm's CEO, and Edward Sohn is its global head of capability.
Strengths
Provided by Chambers
"Factor has a very practical approach and knack for dealing with very complex situations and getting at what is essential in a way that enables us to implement changes in a practical way."
"Although simple documents on the face of it, the process itself is complex and requires work on a tight timeline. Our Factor team manage this excellently and are a key part of our process."
"Factor has a strong set of lawyers that can review contracts and ask the right questions."
"Factor has a very practical approach and knack for dealing with very complex situations and getting at what is essential in a way that enables us to implement changes in a practical way."
"Although simple documents on the face of it, the process itself is complex and requires work on a tight timeline. Our Factor team manage this excellently and are a key part of our process."
"Factor has a strong set of lawyers that can review contracts and ask the right questions."
Industries
Provided by Factor
Consumer Staples
Financial Services
Global Services Firms
Healthcare
Industrials
Life Sciences
Technology