Where to begin
Best practice for the delivery of legal and related work is changing at pace – and that brings risks as well as opportunities. Market participants are at different places in terms of leading or keeping up with the change and there is widespread misunderstanding about the capabilities of new technology and ways of working.
At NRF Transform, we help cut through the hype, noise and confusion so that you can:
Understand the possibilities
Define realistic and valuable goals
Access the full benefits
Getting the most from every stakeholder
External legal advisors
As a client, you set the agenda. So ask your lawyers the question: as well as providing outstanding legal advice, what are you doing to make your service delivery outstanding? How are you structuring and regulating the staffing of our work? Are you using designed processes and integrating technology? How are you adding wider business value?
If the problem you’re solving is a recurring one – or you think others have the same problem – ask if there’s a reusable solution you could access.
We love getting this question, because we’ve been working on the answer for years.
The art of the possible is in our DNA. If you’d like to find out how we can make legal better for you,
get in touch.
In-house legal teams
Lawyers are excellent managers of risk. That is the basis of legal training, and most career experience. But GCs and modern in-house legal teams also have to be strategic business partners, to manage their own team like a business.
We have designed a pyramid model – based on Maslow’s Hierarchy of Needs – to help legal teams assess maturity and areas for focus.
Understanding how technology affects each element of the pyramid is vital. Does the legal team or the wider business have the right tools? Or might you need to select and purchase specialist tools? Are there elements of the work that it could be more effective to outsource, either completely or partially?
In all cases we can help you define the problem to solve and get you the outcome you want.
People outside legal need legal to work.
Whether it’s a contracting process, management of financial exposure, or business decision making, processes owned or supported by legal are vital to an effective business. Today, new skills, processes and technology mean legal can do more than it has in the past, from managing agreements more effectively, to tracking company data, to articulating ROI.
We understand lawyers, we understand business, and we are specialists in cross functional processes.
If you’d like to discuss how we can help make your business processes more effective, please get in touch.
How we are helping our clients
Streamlining loan facility agreements review process
A client required our support with a review and amendment of several hundred loan agreements for the purposes of global updates to certain administrative provisions in respect of agent and notice details.
Provision of flexible alternative resourcing and designing an accessible in-house claims solution
A client required assistance managing a high volume of insurance claims relating to major vessel casualties.
Efficient, cost-effective transaction closing for the world’s largest off-shore windfarm
Norton Rose Fulbright advised a consortium of 29 banks and 3 ECAs on three separate financings of one of the world’s largest offshore windfarms. The scale of the transactions were significant, involving an exceptionally high volume of documentation and conditions precedent. Managing the approvals processes for 29 lenders, alone was a significant challenge.