Global banking layoffs are on track to be the worst in half a decade. Surprisingly, it’s not necessarily because of the usual culprits (COVID and the recession). The industry has been tightening its belt for a while now. About half a million banking jobs have been cut since 2014. Banks are citing a need to […][Continue reading...] about Banking’s Top Five Weaknesses in Managing Finance Contracts
In 2019, if you had told a legal operations manager they’d be carrying their organization through a pandemic, global recession, civil unrest, volatile politics and devastating natural disasters, you wouldn’t have been surprised if they quit on the spot. We know now that legal operations professionals are not a luxury. Legal ops departments comprise incredibly […][Continue reading...] about The 3 New Metrics Driving Legal Ops Since the Pandemic
Every business today has an office or storefront with some type of commercial real estate lease. There are many important clauses within these contracts and tracking them manually runs the risk of losing money and important information. There are almost 350,000 businesses in the commercial lease industry generating almost over 500 billion dollars according to […][Continue reading...] about Drafting Advice: Commercial Real Estate Leases
Why Do You Need a Statement of Work? You’ve just landed a new client contract. You talked about their goals, you shook hands, you signed a master services agreement, and you’re both ready to go. Time to get to work, right? Not so fast. Parties to an agreement need a way to ensure that all […][Continue reading...] about What is a Statement of Work (SOW) and How Do I Write One?
Continuing our drafting advice series, we now describe the considerations and best practices for MSA contracts. Before we dive into the details, let’s first understand the purpose of an Master Service Agreement. MSAs are usually found in agreements for the provision of services, such as an agreement to provide information technology (IT) consulting services. An […][Continue reading...] about How to Write MSA Contracts (Master Service Agreements Documents)
A non-disclosure agreement (NDA) establishes a confidential relationship and is used when one party must share confidential information with another party. For example, an NDA is used when a business wants to ensure a potential vendor, customer, or partner will refrain from disclosing any information without the business’ consent. What are Non-disclosure Aggreements used for? […][Continue reading...] about Non-disclosure Agreement Drafting Advice