Contract Management

Outsourcing can reduce client costs and enable small firms to provide labor intensive services such as large, discovery intense litigation, even though the firms might not maintain sufficient ongoing staff to handle the work, according to a new ethics opinion issued today.

— American Bar Association, Ethics Opinion

The Contract Quandary

Most Fortune 1000 companies maintain a minimum of 10,000 contracts with lack of a streamlined and centralized contract management process. This deficiency leads to frequent oversights, delays, inconsistencies, and exposure to overlooked contractual terms. Administrative and opportunity costs associated with contract management, review, and abstraction require better management, resources, and consistency.

American Discovery's Resolution

American Discovery serves as a centralized extension of in-house contract management with expert resources to administer the entire contract drafting, review, and revision process. With capabilities to manage all contract mediums across all industry verticals, we catalog and store contracts with secured web-hosting providing global access to all required parties. Review and comment against contract forms and parameters enhances our client’s analysis, timeliness, and uniformity.

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