The Client provides placement services across various industries, which requires processing a large volume of highly specialized Staffing Agreements. In addition, these agreements need to be reviewed, the terms negotiated, and finally, executed.
- The execution of these agreements follows a lifecycle that requires the go-ahead from various teams to proceed smoothly. This includes:
- A business team to assess the profit margins.
- A risk team to assess insurance-related risks.
- An FSS team to assess payment terms and pricing-related terms.
- The legal team to run an overall risk assessment and tweak the agreement in a way that negates excess liability that the Client could incur.
- This execution process was not streamlined and had several bottlenecks, adversely impacting both time and money. These resources could be better utilized for strategic planning of staffing services instead.
- LegalEase assigned a dedicated team of Review and Quality Check associates to serve as an extension of the Client’s legal department.
- The Client was part of the agreement review process.
- Risk areas in Staffing Agreements were highlighted.
- LegalEase created a playbook with the Client’s unique requirements and priorities.
- The LegalEase Analytics team created a personalized Microsoft Power BI dashboard especially for the Client to track the LegalEase Solutions team’s progress in real-time.
The 1.5-year project engagement proved to be exceptionally beneficial for the Client:
- Cost savings
- Lightening the load on resources
- Providing thorough reviews
