Repapering

Repapering is a large scale contract remediation service triggered by regulatory or benchmark change, such as new data protection rules, transaction reporting requirements, or the retirement of a reference rate like LIBOR, that requires updating or amending thousands, sometimes hundreds of thousands, of existing contracts within a defined compliance deadline. Providers typically run a structured process that begins with legal analysis of the regulatory impact and development of a playbook setting out the required contractual changes, followed by bulk categorization and review of affected contracts to extract relevant clauses, workflow automation to guide reviewers through decisions using the playbook, generation of draft amendment documents through templates and document automation, negotiation and execution with counterparties, and storage of the finalized documentation. Because of the volume and time pressure involved, repapering projects combine contract review and workflow technology with scalable teams of trained lawyers and negotiators, often delivered as a hybrid of onshore project leadership and offshore delivery capacity, and are frequently run by ALSPs or by law firms operating dedicated alternative legal service arms. Some organizations build similar workflows in-house for smaller exercises, but large-scale regulatory repapering typically requires the flexible capacity and specialized tooling that these providers supply. Generative AI has accelerated repapering by speeding clause extraction and risk categorization across large contract populations, drafting proposed amendment language for reviewer approval, and helping identify counterparty responses that require escalation, reducing the time and headcount needed to complete a remediation program.