Mishcon GC offers tailored expert legal support that seamlessly integrates into businesses through its agile outsourced general counsel service.
The client
Our Cambridge-based client, 42 Technology, a product development consultancy, encountered difficulties as their CEO and CFO found themselves dedicating a significant portion of their time to handling commercial contracts. We discussed solutions to make their legal processes more efficient and free up executive time for core business activities.
Our support
We introduced our agile outsourced Mishcon GC service, which is designed to act as an in-house legal extension. Our approach included:
- Outsourced GC model: Implementing an outsourced general counsel service for 42T, functioning as their in-house legal team to understand and support business objectives and legal strategies.
- Business integration: Embedding our legal team within 42T's operations to work closely with their internal team, facilitating faster contract processing and reducing the need for CEO and CFO involvement in every contract.
- Contracting process efficiency: Identifying and addressing pain points in 42T's contracting processes, establishing a consistent review process understood and followed by senior team members.
- Template document review: Streamlining template documents to aid the contracting process, continuously updating them based on ongoing interactions with 42T's customers.
- Legal training for internal team: Providing training to 42T's internal team on key legal concepts and non-negotiable template provisions, empowering them to understand and uphold essential contractual terms during negotiations.
- Dedicated legal team: Forming a dedicated team of lawyers within Mishcon de Reya specifically for 42T matters, ensuring familiarity with the business and consistency in legal support, akin to an in-house legal department.
- Rapid response capability: Establishing a system where the 42T-dedicated legal team can immediately address new matters with broad background knowledge, expediting matter finalisation.
Outcome
Mishcon GC streamlined 42T's legal operations, significantly reducing contract turnaround times and enabling the CEO and CFO to concentrate on strategic business management. T42 now benefits from a strong, integrated legal framework that aligns with their innovative ethos.
Find out more
Whether you need legal advice to help guide your business decisions or extra resource to support your in-house legal team, we are here to help. Get in touch to speak to the team today about how to integrate Mishcon GC into your existing business.