Radiant Law

Contracts are like a battleground where we imagine the worst-case scenarios. We call them "robust" to cover every possibility, making them overly long and confusing. This slows down deals. Why is it that way? For starters we can look to law firms creating unreasonable initial terms, legal team leaders letting it pass, and a culture that ensures things won’t change. Contracts should be robust but not unbearable. Finding the right balance is key. Radiant Law has an innovative approach to contract management that redefines the way you should view and create contracts. We can transform contracts from a battleground of worst-case scenarios into a catalyst for successful and efficient business relationships. #Contracts #Efficiency #NewLaw #LegalTech #RadiantLaw #Agreements

There’s a game-changing trend in how progressive GCs are making sense of the work that needs to be done. Our model breaks down the ideal structure that teams are using to make sure contracting work is being handled in the right place: In-House Teams: They're closest to the business, so understand the strategic drivers and can make smarter decisions for the regular big deals. This is also real value-add work, so it keeps the team learning and growing. Law Firms: The top choice for rare, complex, risky contracts thanks to their deep expertise. Perfect for critical deals but pricey and slow for the day-to-day work. Business Units: They're great at negotiating and understanding the commercials. When you put in place some basic tools, they can take care of simple contracts, reducing the strain on legal. Managed Legal Service Providers (or Alternative Legal Service Providers - ALSPs) like Radiant Law: They're the game-changers for high volume day-to-day contracts, blending cost-effective teams with slick processes and tech. You get faster support and fixed pricing to make your contracting fly. So, are you making the most of your team's strengths and smartly dividing the work? The legal teams we work with are changing the game: getting the right work done in the right place at the right time to build an ecosystem of support that understands the business, works in partnership and together solves the pressing goals of delivering value and the dreaded “more for less”. #Contracts #ALSP #NewLaw #ALSPofTheYear #Contracting #ManagedLegalServiceProvider #LawyersofLinkedIn

Your contracts might be costing you more than you think. Given that commercial contracts are so vitally important to achieve business goals, it’s important to get things right from the start. When you prioritise reasonable positions, data-driven decisions, incremental improvements, collaboration and acceleration towards long-term relationships, your legal team will be less stressed and overworked and will have time for more interesting and complex projects. Our RADICAL philosophy can help you to manage the opportunity cost of your contracting work. https://lnkd.in/dWsBicJG #LawyersofLinkedIn #ALSP #Contracts

Shorter contracts are more rigorous than long ones. I was asked recently how to persuade their risk department that it would be OK to shorten contracts. My answer was - Risk should be biting your hand off for shorter contracts: 1. Shortening the contract makes it safer as explained in this video. 2. Long contracts slow down the deal, delaying value. Since risk is in the value protection and enhancement business, they should be keen to get rid of guaranteed value erosion. 3. Shorter contracts are easier to operationalise and hence be complied with by both sides. They are therefore less likely to go wrong in practice. Hmm, there's probably another video in this. In the meantime, what am I missing? #ShortAndSweet #LessIsMore #PaperworkParty

Less than 18 weeks until the DORA deadline! At Radiant Law, we are already ploughing through remediations to get the changes done quickly, securely and with a ton of insight along the way. We are experts in handling complex contract review and remediation projects for global organisations. Here’s a quick case study on how we helped one of the largest banking and financial services institutions in the world to align its outsourcing agreements with regulatory demands, efficiently and cost-effectively. If you'd like to know more about how you can hit the deadlines and make sure your contract projects succeed, we’re ready to help. 🔗 https://lnkd.in/dvST-rTx #DORA #Contracts #ContractProject

Still not sure whether I'll win this bet with D. Casey Flaherty, but I think I'm in with a chance. GenAI is turning up everywhere, like magic fairy dust, across tech, but I don't think contracting is the best use case. We have found a number of places where it can help, I'm using it every day, but whether it really has a 5% reduction in the load on contract teams is unclear. I spelt out my thinking in a paper I link to in the comments but my arguments are: - document automation is far safer and more useful for drafting, assuming you value having consistency in your contract portfolio - it may well create more not less work in negotiating given its ability to raise points that don't add real value, but soak up time - it may help with interpreting portfolios of contracts, but that will probably increase the demand for contract interpretation (and we still need to actually do something with the output) I do think that it will help with a bunch of other activities that contract teams do - they don't spend all day just drafting, negotiating, and interpreting contracts, but in the areas that are the subject of the bet, I suspect that it will create more not less work! #PlusCaChange #IsThereAPubInAntartica #EveryoneIsWelcome

Let’s hit the reset button and look at the latest strategies to deliver world-class contracting without the usual bottlenecks. Join our free online workshops led by Alex Hamilton, to uncover cutting-edge methods that will help you build efficiencies, close deals faster, and streamline operations—all while strengthening your commercial relationships. Why attend? 🎯Pick the sessions that resonate with your needs. 📘Learn about the best ways to shorten terms, tame intake, handle risks, and more. 💸No cost, just value. Save your seat: https://lnkd.in/dWsBicJG #Contracts #LegalTech #Commercial #OnlineWorkshops #Contracting #BusinessGrowth #Efficiency #LegalInnovation #Webinar #ALSP

It's time for RADICAL contracting. -Reasonable rather than maximal positions: we need to start with legal positions that both sides can live with, if we are going to get the negotiation focus on the commercials that matter. -Automated rather than manual processes: There's too much busy-work going on in contracting, and simple tools that work are still not being commonly used. -Data-driven rather than relying on folklore: When you see what is actually happening, and what actually impacts time to close, you have a fighting chance of improving your processes. -Incremental improvements rather than large-scale transformations: massive projects over-run, under-deliver, and often do little to really help. Small changes every day allow you to travel further and address the real issues. -Collaborative rather than adversarial: we are trying to create relationships, not win. -Accelerated rather than ponderous: speed matters - not only in time to close, but also time to improve. We need to get past perfectionism! -Long-term relationships rather than short-term transactions: long-term relationships create more value and reduce the need for constant contracting churn. #RADICAL #ObviousReally

How do you thrive in a digital-first legal world? Excellence in contracting isn't just about technology and processes—it's about passion and sustainability. In this Humans of Radiant podcast episode, Kendra Pillay sits down with Gregg Rampersadsingh to uncover his journey into law and the innovative practices at Radiant Law that blend sustainability with modernity. Key Takeaways: 1. Discover how embracing digitisation can revolutionise your contracting process. 2. Learn the importance of sustainability in modern legal practice. 3. How to balance traditional legal values with innovative approaches. If you’re looking to transform your contracting approach and ready to take the next step in your career, this episode is a must-watch. Watch the full episode here: https://lnkd.in/dCK__MzP #CareerAdvice #LegalProfession #OpenMind #ProfessionalGrowth #CareerShift #Inspiration #LawyersOfLinkedIn #LawyerLife

Tired of slow, costly, and tedious contract negotiations? You're not the only one. The entire process can be fraught with challenges that make it feel like an uphill battle just to get a signature. We’ve written all about the core issues plaguing contract negotiations and, most importantly, how to address them effectively. Here’s a sneak peek of what you’ll discover: ✅Identifying Common Ground: Learn how to quickly pinpoint mutual interests to facilitate smoother discussions. ✅Streamlining Communication: Strategies for clear, concise, and effective communication to avoid misunderstandings and delays. ✅Risk Management: Tips on balancing risk without compromising the deal or your relationships. ✅Leveraging Technology: How the right tools can simplify negotiations, from drafting to finalising agreements. If navigating contract negotiations has been a thorn in your side, let’s change that. 🔗https://lnkd.in/dmrawyHV #SlowContracts #LawyersofLinkedIn #ALSP #Contracts #LegalServices