With Ironclad, a single workflow can produce hundreds of different versions of a document, whether it is a Non-Disclosure Agreement, Enterprise Services Agreement or any other commonly encountered legal document. At Ironclad, we are changing that by powering the world’s contracts in a way that legal teams love.įor example, using our no-code workflow builder the legal department can generate contracts and templates for any number of purposes. It is also the chief bottleneck when it comes to speed of business. Legal is the central hub for contract review. “What does the contract mean, what terms or provisions are contained within it and who owes what to whom?” And that interpretation is likely to be something relatively simple. The one thing blocking them from going back to business is waiting for an interpretation. A queue of people stands around waiting for his time. It depicts a lawyer sitting at his desk surrounded by mountains of paper. When I run orientation sessions for clients, I like to begin showing a painting from the seventeenth-century, The Village Lawyer by Pieter Brueghel the Younger.
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Our enterprise-wide software is often deployed and administered by the legal department, but it frees lawyers from having to generate contracts. We do not consider ourselves a legal tech company.
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Our focus is on the end-users, whether they are in sales, HR, marketing – any function or professional that deals with contracts can benefit from the platform. Ironclad is the preeminent digital contracting platform for business. When you’re moving at speed without compromising internal rules or policies, you’re doing well.Īt Ironclad, and among our hundreds of customers around the world, we have worked to tighten the relationship between legal and commercial teams. You cannot put yourself in harm’s way just to move quickly, and you cannot put yourself in a position where you’re losing deals because legal is taking too long to process contracts. The tension between speed and risk is something lawyers have struggled with for a long time. The sweet spot is when you’re moving quickly and responsibly. Whether it’s an offer letter, an employment agreement, a stock options agreement, a vendor agreement with a third party, a sales agreement, a marketing agreement, or any other form of agreement, business relies on processing contracts at speed. The contract is the most fundamental unit of commerce. At a basic level, all lawyers are contracts lawyers and all the businesses they serve are contracts businesses. This longstanding tension is not only a problem for GCs. Rushing can generate risk that comes back to bite you. No lawyer wants to hold business back, but it takes legal time to review a contract and ensure compliance. For in-house counsel, the need to move quickly can be a source of tension. Time kills deals, and often moving at speed is imperative. When legal moves fast, business moves fast.
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