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General Counsel today face the challenge of balancing efficiency, cost, and risk while aligning legal operations with organizational goals. Rightsourcing—combining insourcing, outsourcing, and techsourcing—offers a powerful solution to optimize legal operations. At Legadex, we specialize in helping legal departments craft the perfect mix of resources to meet their needs.
Rightsourcing is the strategic allocation of tasks to the right resources—whether internal teams, external providers, or technology. It’s about aligning your department’s objectives with the most effective and cost-efficient methods to achieve them.
- Here are some examples of how we’ve implemented rightsourcing together with our clients.
Case 1: Corporate Housekeeping and Legal Entity Management
For a multinational organization, corporate housekeeping (CHK) tasks, such as compliance tracking and document management, consumed significant time due to fragmented responsibilities and inconsistent data. We implemented a tailored rightsourcing solution to address these challenges:
- Insourcing: The legal team retained oversight and strategic decision-making, delegating routine tasks to ensure control and alignment with company goals.
- Outsourcing: Routine compliance tasks and document updates were managed by Legadex, reducing the workload on internal teams.
- Techsourcing: Legadex advised and implemented a centralized entity management with system automated reminders, improved access to compliance data, and minimized missed deadlines.
Outcome:
This approach reduced CHK time by 50%, improved cost visibility, and ensured accurate compliance tracking, allowing the legal team to focus on higher-priority tasks.
Case 2: AI-Supported Contract Review and Negotiation
A fast-scaling technology company managing a high volume of diverse contracts—including NDAs, DPAs, purchasing agreements, sales agreements, and SaaS agreements—sought our expertise to ensure consistent and high-quality contract reviews during rapid growth. We implemented a tailored rightsourcing solution:
- Insourcing: Together with Legadex the company developed easy to use templates and playbooks for contract reviews and negotiations, ensuring compliance with their specific needs.
- Outsourcing: Legadex’s contract review team conducts on demand reviews and negotiations for recurring contracts, maintaining precision and consistency and freeing up valuable time of the in-house legal team.
- Techsourcing: Advanced AI technologies were used and deployed to enhance the efficiency and accuracy of the contract review process, reducing turnaround times. A business portal for ‘do it yourself’ service for NDA's was built.
Outcome:
The company brought down turnaround times for recurring business contracts with 60%, mitigating risk 'by design’ and ensuring consistent quality and scalability for their growing in-house legal operations.
Case 3: KYC Review for a Regulated Financial Services Company
A regulated financial services company faced the challenge of maintaining stringent Know Your Customer (KYC) compliance for both inbound and outbound transactions. To manage the high volume and complexity of required checks, the company partnered with Legadex to optimize their KYC review processes.
- Framework Development: Legadex outlined a tailored KYC framework and policies aligned with the company’s regulatory requirements.
- Techsourcing: Advanced technology was implemented to automate data collection, verification, and analysis, ensuring consistent and efficient compliance checks.
- Outsourcing: Legadex provides ongoing KYC review services, handling routine compliance tasks and reducing the internal team’s workload.
Outcome:
The company achieved a scalable, efficient compliance process at predictable costs and regulatory alignment. This allowed the internal team to focus on strategic growth and core activities while staying ahead of evolving regulations.
Our General Counsel Strategic Advisory Services
We go beyond implementing rightsourcing solutions. Our Legal Sourcing Optimization Consultancy offers a comprehensive, tailored approach to transforming your legal operations:
- Legal Needs Assessment: We analyze your department’s operations, identifying where insourcing, outsourcing, or techsourcing can create the most value.
- Strategic Sourcing Recommendations: Customized plans for building an in-house team, leveraging external providers, and implementing the right legal technology.
- Implementation Roadmap: A phased transition plan with change management and technology integration support.
- Ongoing Support: Regular check-ins to evaluate the effectiveness of your sourcing strategy and adapt as needed.
Why Choose Legadex?
- Deep Expertise: More than 15 years of experience in legal operations, ALSP services, technology implementation, and use of AI.
- Tailored Solutions: Every strategy is designed specifically for your industry, size, and goals.
- Technology-Agnostic: We recommend tools that align with your objectives, not specific vendors.
Ready to Transform Your Legal Department?
Whether you're seeking to streamline operations, reduce costs, or focus on strategic growth, Legadex is here to help.
Contact us today to schedule a free consultation and discover how we can tailor the right mix of insourcing, outsourcing, and techsourcing for your unique needs.
Let’s build the future of your legal department together.