Our approach to contract migration combines the use of Artificial Intelligence (AI) along with the Human Intelligence (HI) of our expert contract attorneys, who will walk you through a phased approach during data migration.
CLM Migration Services
Contract Metadata Abstraction
Our attorneys prepare a contract abstraction playbook that outlines key terms and provisions across your legacy contracts. We review your legacy contracts to ensure clear and accurate summaries.
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Contract Repository
Import legacy contracts and configure contract lifecycle management (CLM) comprehensively with folders, attributes, and security groups. We help set up licenses based on client preferences and create a template repository..
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Contract Labeling
We help label the contracts in the repository, as soon as they are saved.
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Clause Library Creation and Management
We draft the variants for different clauses in the contracts. These pre-approved clauses are stored on the client’s platform. The clause variants are reviewed and validated regularly.
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Playbooks and Workflow Documentation
We create comprehensive playbooks providing legal and business explanations for all contractual terms, define pre-established fallback positions, and outline clear escalation protocols. We also suggest workflow improvements.
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Parent-child Relationship Maintenance
We work with the client to identify and map out the parent-child relationships between contracts. This is useful for migrating contracts to the platform
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Template Standardization
We standardize templates and help set up a template for each contract type as needed.
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Post-onboarding Support
We help clarify any concepts, workflows, set up reminders and review of terms.
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Validation
We perform quick spot checks, and validate the terms that are auto-populated, to ensure everything is on track.
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