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Powering the world's contracts with products legal teams love

Introducing Blueprint with Lucy Li, Product Lead

Lucy Li is a Product Lead at Ironclad. A Carnegie Mellon-educated engineer, she led the front-end mobile web development of Salesforce's early tablet and phone product before joining Ironclad in 2015. She was the creative force behind many of Ironclad's core features, like red-line previewing and complex approvals. Most recently, she lead development of our most recent major product release, called Blueprint....

Community Newsletter Ed. №4

This month’s newsletter shines a light on members of our community and the good work they're doing, upcoming community events, the latest job postings, and other resources. Subscribe to our Community Newsletter to access the content in full, including job postings from our members. Here are excerpts from this month's issue: ...

Balance Visibility and Control with Granular Access Permissions

At Ironclad, we’ve been thinking hard about how to give Legal control over their contracts without sacrificing visibility to the rest of the organization. On the one hand, Legal needs to make sure sensitive information stays within Legal. On the other, contracting requires cross-functional collaboration from business counterparts who need access to contracts information to accomplish their goals....

How Costly Are Manual Contracting Processes...Really?

There’s a light bulb moment that we’ve seen over and over at our customers--it’s when companies realize just how much money they’ve been spending on processing contracts, and why that matters. The average company spends almost $7,000 processing a low-risk contract, according to the International Association for Contract & Commercial Management (IACCM). Think about that. If your company signs a $100,000 contract, 7% of the contract value is out the window before contract fulfillment begins....

Rooftop Law School: The Case of the Unforced Error

On August 23rd, Luis Bacalao, Assistant General Counsel at Khosla Ventures, presented his fourth baseball themed Rooftop Law School session by recounting the case of a Nolan Ryan rookie card that was "mistakenly" sold to a 12-year old boy for $12.00 instead of $1,200. The store owner subsequently sued the boy for $1,188 to make up the difference. The discussion led with this question: Is a contract voidable in the case of a unilateral mistake?...

Why data is critical to your legal operations strategy

In Mad Men, Don Draper is the creative mastermind behind one of Manhattan’s elite advertising firms. His approach is nothing short of magic: clients go to him with problems, he takes a few swigs of whiskey, and out comes a brand new concept, sure to make his client millions. He’s not informed by numbers or market research or last quarter’s sales data--but this was the ‘60s, a time when it was perfectly acceptable to take a suave man at his word....

How Procore Uses Ironclad To Support Aggressive Growth

Procore is a global SaaS company specializing in construction management software. Its software revolutionized the traditionally low-tech construction industry, making it easy for construction firms to drastically increase project efficiency and accountability. Since its 2003 founding, the company has grown so aggressively that today it is valued at over $1 billion, landing Procore in that elite stratosphere of companies known as "unicorns." ...

How to use metrics to prove Legal's value

In a previous post, we looked at how financial and operational pressures have forced legal teams to do more work with fewer people, and explained how automation and metrics can help your team close the resourcing gap. This time, we’re going to dive a bit deeper and give you a three-step framework for implementing key performance indicators (KPIs) on your legal team. ...

New York, We Love You

On August 9th, Ironclad hosted an intimate gathering of in-house counsel at Ace Hotel's Liberty Hall.  Guests were greeted by the lush beats of The xx and Blood Cultures against the backdrop of a few dozen vintage speakers and a farm table set with vintage LPs bearing each guest's name. This certainly was not your typical happy hour!...

3 Ways To Get More Done For Less

  Modern legal teams are increasingly overstretched. Faced with too much work, legal departments have traditionally hired more lawyers or sought outside counsel. But what happens when spending more money isn’t an option? In a recent survey, over 50% of GCs reported that their legal departments’ budget and staffing had remained unchanged over the previous year, even as their workload and responsibilities had increased....