On-Demand Contract Management Services For The Life Sciences Community

Case Studies

Contracts Associates Delivers Top-Quality Temporary Legal Assistance and Saves Client 45% of Anticipated Legal Fees

Contracts Associates was successful in formulating and implementing a solid plan to cover the maternity leave of the only corporate attorney for a publicly-traded pharmaceutical company. The work, conducted by an attorney who was billed at a significantly lower rate than the law firm which was originally hired to fill the gap, resulted in an estimated cost savings of 45% for the sixteen-week time period.

The Challenge:

A publicly traded pharmaceutical company with 162 employees needed to cover the maternity leave of its only corporate attorney and did not have funding approval for a full-time replacement. The attorney handled a significant volume of routine transactional work and worked independently with no paralegal support. The company did not have the internal resources to devote to training and overseeing the work during the gap period and had solicited a proposal from its usual law firm to perform the legal work necessary on a 20 hour per week basis, off-site. Contracts Associates also submitted a proposal and was chosen for the project.

The Solution:

Contracts Associates provided an attorney who was able to work on-site and whose experience exceeded the project’s required level. The attorney was skilled not only in handling a large-volume of contracts, but also provided legal and business guidance to the internal teams which had relied on their corporate attorney for the same. The attorney also oversaw the recently implemented tracking system and ensured that all contracts were entered quickly and accurately into the new document management database. As an additional benefit, the attorney’s hourly rate for services was below the area’s standard market rate.

The Result:

Contracts Associates was successful in analyzing the client’s needs, then went to work to find the attorney best suited to meet those needs. The company’s attorney returned to work to find that all matters had been attended to diligently and the document management database, which could not have been updated and managed by an off-site attorney, was up-to-date. This lower rate resulted in cost savings to the client of approximately $40,000 during this four-month period.

A partnership with Contracts Associates delivers much more to your company than highly qualified professional talent fit to your exacting legal needs. We offer an unparalleled commitment to comprehending the uniquely evolving goals of your company – and maintaining a solution that works time and time again to your business advantage.