Transforming the contract negotiation process at RSM
Results at a glance
>1,400
NDA reviews accelerated
>75%
Decrease in time spent reviewing NDAs
>800
Employee hours saved annually
Problem
RSM’s barrier to growth—overwhelming contract volume
RSM, the sixth largest global accounting firm, anticipated receiving 30–40% more NDAs in the coming year. With a dedicated staffer redlining and reviewing each one manually, several days were already passing before turnaround. They thought about hiring another person to review NDAs exclusively, but they knew they needed a better solution.
“The thing that LexCheck allowed us to do was to apply a user-friendly, sophisticated technology at a very specific pain point that would allow us to measure very clearly whether there was an ROI or not.”
Frank Odlum
Senior Director at the National Office of Risk Management
Solution
Accelerating contract reviews with AI
With a high level of anticipated growth, RSM turned to LexCheck to help scale their business. LexCheck’s contract review and acceleration software delivers first-pass redlines on their NDAs in minutes, returning consistent markups according to their preferred legal positions.
RSM’s NDA review process used to take several days. With LexCheck, they have achieved a same-day turnaround.
RSM’s NDA review process used to take several days. With LexCheck, they have achieved a same-day turnaround.
Benefits
Dramatically improved response times speed up deal flow
Prevented increasing headcount
Free legal to focus on more rewarding work
Related insights
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Transforming the contract negotiation process at RSM
“It’s the best tech implementation I’ve ever witnessed in terms of value and ease of use”
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