Contract Counsel

Software built on human insight and trained by our lawyers to enable yours

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The pressure to optimise Legal Operations has never been greater. There is a lot of noise in the market about how AI can unlock efficiencies, but the reality is that AI is only as good as the training it’s been given.

We have combined PwC’s unique combination of Tax and Legal expertise, legal operations experience and technology excellence to develop a contract pre-screening solution that unlocks measurable efficiencies, while offering clients the peace of mind that they are relying on a solution trained by PwC.

What are the benefits?

Our lawyers understand the challenge of unlocking efficiency as well as the complexity of driving change; we use Contract Counsel to solve this fundamental problem.

Better risk management

Concrete audit trail

Standardised risk review process

Save 1/3 of your time

Enhanced worklfow and collaboration features

PwC Contract Counsel: Business Undestanding, Technology Innovation, Legal Expertise

How does it work?

A straightforward and intuitive approach

Contract Scanning

When the user uploads a contract, Contract Counsel screens it to understand its’ clauses.

Conduct Risk Review

Once scanning is complete, Contract Counsel highlights and categorises clauses and sentences against your organisation’s risk playbook, flagging risk as appropriate.

Collaboration

Where risk is flagged, the user may need to collaborate with a senior colleague or specialist team. Contract Counsel enables teams to collaborate to collectively review key clauses and risks and arrive at a position in line with organisational policy.

Reporting and Audit Trail

Contract Counsel provides management reporting dashboards to help leadership understand how agreements have been reviewed and entered into, as well as a complete audit trail of all automated risk profiling team collaboration.

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Pre-screening tells you what’s wrong with a contract

Contract Counsel analyses one contract at a time and assists your lawyers (and those with delegated authority) by highlighting which clauses and provisions fall outside the contractual risk parameters of your organisation, prior to the contract being signed. In addition to delivering a ⅓ time saving (compared with a 2 year PQE lawyer), because your organisation’s risk appetite is codified in software it means work can be delegated to less experienced teams. Enabling your people to spend their valuable time on higher value work.

Client Stories

Delegation to other functions

Legal teams are under constant pressure to cut costs and deliver more with fewer resources. One way in which they do this is by delegating de minimis responsibilities to other business functions, like procurement. Contract Counsel facilitates this shift by enabling an easily managed and standardised contract risk review process prior to signing whilst maintaining close collaboration with your legal team.

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Reducing Repetitive Review

In-house legal functions often review hundreds of the same contract type weekly, absorbing a substantial amount of their time. Contract Counsel’s ability to analyse multiple contract types and receive on the job top-up training by your lawyers results in the algorithm being tailorable to the specific contracts you come into contact with frequently. It enables a ⅓ time saving in the review process; allowing your lawyers to focus on greater priorities.

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Contact us

Mike Bailey

Mike Bailey

Partner, PwC United Kingdom

Rosh Gammampila

Rosh Gammampila

Director, PwC United Kingdom

Amish Patel

Amish Patel

Senior Manager, PwC United Kingdom

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