What would it look like to be more efficient?
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The document discusses the efficiency benefits of using Practical Law to draft common legal documents and policies in-house. It provides examples comparing the time and costs of drafting social media policies, separation agreements, document retention policies, and website terms/privacy policies using outside counsel, starting from scratch in-house, or leveraging templates and guidance from Practical Law. The examples show that Practical Law allows in-house attorneys to complete the work in around 2-3 hours compared to several hours of outside counsel time at hourly rates or many more hours of in-house time without guidance.
What would it look like to be more efficient?
- 1. WHAT WOULD IT LOOK LIKE TO BE MORE EFFICIENT? Our customers often tell us that an investment in Practical Law quickly pays for itself in saved costs and maximized efficiency. Many recoup their subscription cost on one matter alone. See how much time and money you could save! SAMPLE EFFICIENCY CASE CREATING SOCIAL MEDIA POLICIES Using outside counsel Drafting in-house using Practical Law Starting from scratch in-house AROUTE BROUTE CROUTE Search the web for sample policies. Contact other in-house attorneys for samples. Review, compare and draft policies and ensure they are in line with current law. Instruct outside counsel to develop policies. Review and finalize revisions. Partner discusses assignment with associate, who conducts research. Open Practical Laws Social Media Usage Toolkit. Spend 30 minutes reviewing the considerations. Download standard documents on Social Media Policy and Company Social Media Use Guidelines, review drafting notes and spend 2 hours tailoring to the specific needs of your company and employee. Associate spends several hours researching and developing draft policies (at $___ per hour), which the partner finalizes in an additional number of hours (at $___ per hour). Which route looks most appealing to you? ABOUT PRACTICAL LAW Practical Law helps law departments practice smarter, operate more efficiently and advise their business more confidently. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources used by over 2700 corporate law departments in the US alone. Learn more and request a free trial at www.practicallaw.com or call 888.529.6397 TOTAL = ____ hours TOTAL = ____ hours + $____ TOTAL = 2.5 hours
- 2. SAMPLE EFFICIENCY CASE DEPARTING EMPLOYEES: PREPARING A SEPARATION AGREEMENT Using outside counsel Drafting in-house using Practical Law Starting from scratch in-house AROUTE BROUTE Contact other in-house attorneys for previous separation agreements. Review samples, compare and draft new agreement. Review, compare and draft policies and ensure agreement is in line with current law. Send to outside counsel for review, and re-review upon return. Instruct outside counsel to produce agreement. Review and finalize revisions. Partner discusses assignment with associate, who conducts research. Open Practical Laws Departing Employee Toolkit. Spend 30 minutes reviewing the considerations. Download Separation and Release of Claims Agreement, review drafting notes and spend 2 hours tailoring to the specific needs of your company and employee. Associate spends several hours researching, developing and refining agreement (at $___ per hour), which the partner finalizes in an additional number of hours (at $___ per hour). ABOUT PRACTICAL LAW Practical Law helps law departments practice smarter, operate more efficiently and advise their business more confidently. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources used by over 2700 corporate law departments in the US alone. Learn more and request a free trial at www.practicallaw.com or call 888.529.6397 TOTAL = ____ hours TOTAL = ____ hours + $____ TOTAL = 2.5 hours Search the web for sample agreements. CROUTE
- 3. SAMPLE EFFICIENCY CASE CREATING A DOCUMENT RETENTION POLICY Using outside counsel Drafting in-house using Practical Law Starting from scratch in-house AROUTE BROUTE Review existing documents and consult with business. Contact other in- house attorneys for samples. Review, compare and draft policies and ensure policy is in line with current law. Send to outside counsel for review, and re-review upon return. Instruct outside counsel to produce policy. Review and finalize revisions. Partner discusses assignment with associate, who conducts research. Review existing documents and consult with business. Open Practical Laws Website Terms of Use and Website Privacy Policy and reference drafting guidelines to determine key business and legal considerations. Download sample Document Retention Policy and Document Preservation Notice, review the drafting notes and spend 2 hours tailoring to the specific needs of your company. Associate spends several hours researching, developing and refining agreement (at $___ per hour), which the partner finalizes in an additional number of hours (at $___ per hour). ABOUT PRACTICAL LAW Practical Law helps law departments practice smarter, operate more efficiently and advise their business more confidently. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources used by over 2700 corporate law departments in the US alone. Learn more and request a free trial at www.practicallaw.com or call 888.529.6397 TOTAL = ____ hours TOTAL = ____ hours + $____ TOTAL = 2.5 hours Search the web for sample policy. Review samples, compare and draft new policy. CROUTE
- 4. SAMPLE EFFICIENCY CASE UPDATING A WEBSITE TERMS OF USE AND PRIVACY POLICY Using outside counsel Drafting in-house using Practical Law Starting from scratch in-house AROUTE BROUTE Contact other in-house attorneys for sample policy. Spend several hours getting up to speed on the key issues and gathering necessary information from the business. Review, compare and draft policies and ensure policy is in line with current law. Send to outside counsel for review, and re-review upon return. Instruct outside counsel to produce policy. Review and finalize revisions. Partner discusses assignment with associate, who conducts research. Open Practical Laws Privacy and Data Security Toolkit. Spend 30 minutes getting an overview of the issues you need to consider. Download sample Website Terms of Use and Website Privacy Policy, review the drafting notes and spend 2 hours tailoring to the specific needs of your company. Review policy with outside counsel in 30 minutes and make final changes. Associate spends several hours gathering relevant information, researching and developing policy (at $__ per hour), which the partner finalizes in an additional number of hours (at $__ per hour. ABOUT PRACTICAL LAW Practical Law helps law departments practice smarter, operate more efficiently and advise their business more confidently. Our expert team of attorney editors creates and maintains thousands of up-to-date, practical resources used by over 2700 corporate law departments in the US alone. Learn more and request a free trial at www.practicallaw.com or call 888.529.6397 TOTAL = ____ hours TOTAL = ____ hours + $____ TOTAL = 2.5 hours Search the web for sample policy. Review samples, compare and draft new policy. CROUTE