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Contract Review

Why contract review becomes slow

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When contracts sit in a legal department queue for days, it helps to ask where the work has stopped. Commercial units perceive a bottleneck inside legal, while in-house counsel works continuously on existing files. Urging lawyers to read faster rarely resolves the issue, because reading pace may not be the main source of the delay.

Missing transaction context and repeated inquiries

Contract review appears to consist of reading text and inserting comments, but the work also involves commercial judgment. Establishing whether the company is buyer or supplier, assessing transaction scale, and identifying key business priorities are necessary first steps. Without that context, counsel must pause to consult the business unit, evaluate whether specific revisions are worth pursuing, and determine who should accept particular risks. These repeated exchanges, rather than the reading itself, can consume much of the time, pausing the file while new requests accumulate.

Contract risk profiles and review depth

A non-disclosure agreement with narrow scope and limited liability warrants a different review depth than a major development contract, yet intake channels often queue them identically. Differentiating agreements by key risk factors, such as transaction size, liability caps, and intellectual property ownership, prevents lower-risk matters from displacing high-impact files. Transaction significance does not depend on financial scale alone; an NDA can present substantial risk depending on information sensitivity and liability terms. A straightforward sorting rule based on deal size and sensitive clauses is generally sufficient for a first pass.

Structured intake to prevent cold reads

A structured intake form can help reduce avoidable follow-up questions. Documenting the company's commercial role, contract category, deal size, target turnaround, and specific business concerns before submission gives the reviewer a starting point. Without this baseline information, in-house counsel begins without context, and external counsel ends up routing basic questions back to the business unit, introducing extra round trips rather than saving time.

Outside counsel aligned with risk tolerance

External support that provides only redlines leaves corporate counsel to re-examine the document, explain the findings to commercial teams, and decide what to escalate. Effective assistance requires outside counsel who understands the company's risk tolerance well enough to distinguish minor wording issues from material exposures, noting where terms are acceptable given deal size, or where a liability cap requires internal escalation. Advice at this level of specificity reduces redundant review while preserving the company's final check and approval.

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