SlideShare a Scribd company logo
Automated Contracting
for Legal Services Providers
What would happen if you
increased productivity of
your legal team by 50%?
One client shortened completion time
on contracting projects by 3.5 weeks
7.5 weeks (using synergist)
5 weeks (using synergist)
9.5 weeks (using a manual process)
Small Bank
Midsize Bank
Large Bank
Weeks taken for 3 lawyers to execute 100 Contracts
4 80 12
Source: GDPR remediation projects run by a UK-based ALSP in 2018
Small Bank
synergist
Midsize Bank
manualprocess
Large Bank
23% 47% 2%
synergist
Profit per Contract
They also raised blended profit per contract to 24%
On a good day I could respond to 30
contracts manually but with synergist
I could respond to over 200.“
- Junior Lawyer
ALSP
… and their team were
significantly more responsive.
This was done using technology-enabled
legal services on synergist
$ Today 5X Less
Cost to review contracts for M&A due diligence
+
$$$$$ Two years ago
Automation creates price competition and clients
expect automated prices for previously manual work.
RFP from Global Top 10 Telco RFP from Global Top 30 Consultancy
RFP from UK Top 50 Insurer
Automated negotiation is rapidly
becoming a must-have above and beyond CLM.
Extract Send, Negotiate & Approve
Contracts sent manually
Ad-hoc negotiations
No risk management
Store
Without automated negotiation,
contracting projects are resource-intensive.
Draft Sign
Send, Negotiate & ApproveExtract StoreDraft Sign
With automated negotiation,
contracting projects are automated and efficient.
Send, Negotiate & ApproveExtract StoreDraft Sign
Kira
RAVN
eBrevia
ContractExpress
HotDocs
KIM
DocuSign
HelloSign
AdobeSign
Sharepoint
iManage
HighQ
synergist
Bold = Native Integration
Unlike CLM platforms, synergist integrates
existing tools for a best-of-breed workflow
We really love your service but we
can’t continue to spend $1,000
an hour to negotiate our NDAs.“
- General Counsel
synergist allows you to compete on price
and differentiate with incremental value.
Draft Send, Negotiate & Sign
Team 1
Team 2
Team 3
Team 4 DOCX
DOCX
Store & Manage
DOCX
MANUAL
Existing processes are complex, inefficient
and rely on multiple vendors.
Draft E-SignSend & Negotiate
Team 1
Team 2
Team 3
Team 4
Store & Manage
Contract
Data
Optimise
AI
Analysis
WORD
synergist integrates with your existing contract process
WORD
Your workflow is managed centrally,
negotiation is enforced via playbooks
and reports are generated in real-time.
Streamlined Workflow New Contract InsightsIntegrated Playbook
synergist has been developed around the
needs of legal and contracting professionals.
synergist helps us win new clients
with a transparent and efficient
contracting process.“
- Chief Operating Officer
Law Firm
“Our Senior Partners believe we’ll
soon do the majority of our
volume work on synergist“
- Head of Innovation
Another Law Firm
How can you begin to
automate your legal services?
+ Consulting
Comprehensive audit
of existing workflow
+ Customization
Fine-tuning to your
existing workflow
+ Technical Support
Dedicated product &
engineering support
Unlimited Use License
Full functionality for your project duration
An automated contracting project with synergist includes:
No Risk: Achieve your desired efficiency gains or terminate for convenience
A proven five step process to reaching your desired ROI.
1 2Months 3 4 5 9
Consult
Workflow Audit
Implement
Fine-tune to Workflow
Monitored Rollout
Unlimited Use + Dedicated Support
Measure
ROI Analysis
Train
PoC User Training
6 7 8
Business-as-Usual
Transition to full self-service
ROI Realization
Risk-free: Terminate for Convenience
1
2
3
4
5
Complexity
Volume H
H
DPA
Licensing
Contract
Partner
Agrmt.
NDA
Supply
Contract
Sales
Contract
MSA
Lease
Contract
1. Consult involves a detailed analysis of existing
contract types and workflows to identify efficiency gains.
Value Analysis
L
Efficiency Testing
Contracting Workflow on synergistAI Extraction
Define criteria to identify
Non-compliant Contracts
Define Amendment
Terms

Amendment 

Ready for Execution
Sign Amendments 

via e-Signature
2. Prepare 3. Outreach 4. Negotiate 5. Sign
Escalation point for 

Non-standard Objections
Standard objection

Resolve via playbook
Non-standard objection

Escalate for review
Terms Agreed

No changes required
Quality Review

prior to execution
Client
ALSP/Law Firm
ALSP
Contract
Database
Signed Amendments, Meta Data & Negotiation History stored in Contract Database
1. Extract
Identify Non-compliant
Contracts using AI
Automatically generate

Draft Amendments
Send Amendments 

to Counterparties
Doc Assembly or RPA
2. Implement involves creating a tech-enabled
workflow for high-volume contracting
3. Train provides knowledge transfer to
new users for online, automated contracting.
3. Train provides knowledge transfer to
new users for online, automated contracting.
4. Implement is designed to build trust with
legal and deliver self-service to the business.
Example
Project
Plan
0
500
1000
1500
2000
€M
€50M
€100M
€150M
€200M
€250M
Year 1 Year 2 Year 3 Year 4 Year 5
* Calculated based on users negotiating 2 contracts per week, saving on average 6 hours. Year 1 with 155 users and growing to 1,800 users in year 4 + 5. Resource cost €180 / hour.
Time to contract is reduced on average 34% - 46% with synergist
Productivity
Savings
Cost of Synergist
User count
5. Measure creates a path for clients to
realise significant productivity savings
Payback period
At synergist, we envisage clients closing
95% of their contracts autonomously.
Your team can then dedicate time to the
5% of transactions that really matter.
95/5
synergist for Automated Contracting

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synergist for Automated Contracting

  • 1. Automated Contracting for Legal Services Providers
  • 2. What would happen if you increased productivity of your legal team by 50%?
  • 3. One client shortened completion time on contracting projects by 3.5 weeks 7.5 weeks (using synergist) 5 weeks (using synergist) 9.5 weeks (using a manual process) Small Bank Midsize Bank Large Bank Weeks taken for 3 lawyers to execute 100 Contracts 4 80 12 Source: GDPR remediation projects run by a UK-based ALSP in 2018
  • 4. Small Bank synergist Midsize Bank manualprocess Large Bank 23% 47% 2% synergist Profit per Contract They also raised blended profit per contract to 24%
  • 5. On a good day I could respond to 30 contracts manually but with synergist I could respond to over 200.“ - Junior Lawyer ALSP … and their team were significantly more responsive.
  • 6. This was done using technology-enabled legal services on synergist
  • 7. $ Today 5X Less Cost to review contracts for M&A due diligence + $$$$$ Two years ago Automation creates price competition and clients expect automated prices for previously manual work.
  • 8. RFP from Global Top 10 Telco RFP from Global Top 30 Consultancy RFP from UK Top 50 Insurer Automated negotiation is rapidly becoming a must-have above and beyond CLM.
  • 9. Extract Send, Negotiate & Approve Contracts sent manually Ad-hoc negotiations No risk management Store Without automated negotiation, contracting projects are resource-intensive. Draft Sign
  • 10. Send, Negotiate & ApproveExtract StoreDraft Sign With automated negotiation, contracting projects are automated and efficient.
  • 11. Send, Negotiate & ApproveExtract StoreDraft Sign Kira RAVN eBrevia ContractExpress HotDocs KIM DocuSign HelloSign AdobeSign Sharepoint iManage HighQ synergist Bold = Native Integration Unlike CLM platforms, synergist integrates existing tools for a best-of-breed workflow
  • 12. We really love your service but we can’t continue to spend $1,000 an hour to negotiate our NDAs.“ - General Counsel synergist allows you to compete on price and differentiate with incremental value.
  • 13. Draft Send, Negotiate & Sign Team 1 Team 2 Team 3 Team 4 DOCX DOCX Store & Manage DOCX MANUAL Existing processes are complex, inefficient and rely on multiple vendors.
  • 14. Draft E-SignSend & Negotiate Team 1 Team 2 Team 3 Team 4 Store & Manage Contract Data Optimise AI Analysis WORD synergist integrates with your existing contract process WORD
  • 15. Your workflow is managed centrally, negotiation is enforced via playbooks and reports are generated in real-time. Streamlined Workflow New Contract InsightsIntegrated Playbook
  • 16. synergist has been developed around the needs of legal and contracting professionals.
  • 17. synergist helps us win new clients with a transparent and efficient contracting process.“ - Chief Operating Officer Law Firm
  • 18. “Our Senior Partners believe we’ll soon do the majority of our volume work on synergist“ - Head of Innovation Another Law Firm
  • 19. How can you begin to automate your legal services?
  • 20. + Consulting Comprehensive audit of existing workflow + Customization Fine-tuning to your existing workflow + Technical Support Dedicated product & engineering support Unlimited Use License Full functionality for your project duration An automated contracting project with synergist includes: No Risk: Achieve your desired efficiency gains or terminate for convenience
  • 21. A proven five step process to reaching your desired ROI. 1 2Months 3 4 5 9 Consult Workflow Audit Implement Fine-tune to Workflow Monitored Rollout Unlimited Use + Dedicated Support Measure ROI Analysis Train PoC User Training 6 7 8 Business-as-Usual Transition to full self-service ROI Realization Risk-free: Terminate for Convenience 1 2 3 4 5
  • 22. Complexity Volume H H DPA Licensing Contract Partner Agrmt. NDA Supply Contract Sales Contract MSA Lease Contract 1. Consult involves a detailed analysis of existing contract types and workflows to identify efficiency gains. Value Analysis L Efficiency Testing
  • 23. Contracting Workflow on synergistAI Extraction Define criteria to identify Non-compliant Contracts Define Amendment Terms
 Amendment 
 Ready for Execution Sign Amendments 
 via e-Signature 2. Prepare 3. Outreach 4. Negotiate 5. Sign Escalation point for 
 Non-standard Objections Standard objection
 Resolve via playbook Non-standard objection
 Escalate for review Terms Agreed
 No changes required Quality Review
 prior to execution Client ALSP/Law Firm ALSP Contract Database Signed Amendments, Meta Data & Negotiation History stored in Contract Database 1. Extract Identify Non-compliant Contracts using AI Automatically generate
 Draft Amendments Send Amendments 
 to Counterparties Doc Assembly or RPA 2. Implement involves creating a tech-enabled workflow for high-volume contracting
  • 24. 3. Train provides knowledge transfer to new users for online, automated contracting.
  • 25. 3. Train provides knowledge transfer to new users for online, automated contracting.
  • 26. 4. Implement is designed to build trust with legal and deliver self-service to the business. Example Project Plan
  • 27. 0 500 1000 1500 2000 €M €50M €100M €150M €200M €250M Year 1 Year 2 Year 3 Year 4 Year 5 * Calculated based on users negotiating 2 contracts per week, saving on average 6 hours. Year 1 with 155 users and growing to 1,800 users in year 4 + 5. Resource cost €180 / hour. Time to contract is reduced on average 34% - 46% with synergist Productivity Savings Cost of Synergist User count 5. Measure creates a path for clients to realise significant productivity savings Payback period
  • 28. At synergist, we envisage clients closing 95% of their contracts autonomously. Your team can then dedicate time to the 5% of transactions that really matter. 95/5