Factor
Factor describes itself as creating an entirely new category of service blending the best of Traditional Law, New Law and In-house to deliver complex legal work at scale. They call it Integrated Law. Factor's technical capabilities set it apart from competitors, as they leverage a unique combination of cutting-edge technology, robust process engineering, and experienced legal professionals to deliver their services. Their expertise in contract lifecycle management, legal operations consulting, repapering, and managed document review is enhanced by the integration of artificial intelligence and machine learning tools. This allows them to offer a more efficient, accurate, and cost-effective solution for clients.
Services offered include:
High Performance Contracting
High-performance contracting enables your legal and commercial teams to contract faster and smarter. Factor seamlessly integrates with in-house teams, technology, and counterparties, delivering services across the full contracting life-cycle, including:
- Intake and triage
- Drafting, reviewing, and redlining
- Complex negotiation
- Data capture and maintenance
- Analytics
Repapering and Regulatory Response
They help clients meet regulatory change deadlines by designing and deploying tech-enabled solutions, overseen by expert project managers to handle:
- Contract Analysis
- Client counterparty outreach
- Protocol-driven and bilateral negotiations
- Data transfer of remediated documentation
Law Firm Collaboration
Reshaping Legal is Factor's model for collaboration with Law Firms. Law Firm advisory work combines with Factor's execution-oriented work to encourage General Counsels to direct larger, more predictable bodies of work to participating law firms. In this model, both Factor and the law firms focus on what they do best. The client enjoys cost-savings without requiring any reduction in law firm rates.
About Factor:
Factor, formerly known as Axiom Managed Solutions, has been in the market since its inception in 2010. As a pioneer in the legal services industry, they have over a decade of experience providing technology-driven solutions to clients in various sectors. Initially focused on offering alternative legal services, Factor has evolved and expanded its reach to cater to a broader segment of the legal market, particularly in the corporate and commercial law sectors. Their clientele includes businesses of all sizes, from startups to Fortune 500 companies, as well as law firms seeking to optimize their legal operations.
