Legal Department:
First and foremost, Source Law serves as an outsourced legal department or supplements existing legal departments. Therefore, the focus is on
- the execution of the (legal) day-to-day operations;
- the support of special projects with legal strategies; and
- the involvement of external know-how for securing quality and success.
Legal Project Management:
Particularly for special projects such as financing in the context of external growth through acquisitions or exploiting foreign markets, legal counseling may entail horrendous costs, which often exceed the planned budget. In other cases, the budget might be adhered to, but the legal result does not meet the expectations or is not within the envisaged time frame.
Coordinating costs, quality and time without losing sight of the overall project requires thorough planning, for which you can count on our support – for the implementation, as well. Our aim is to ensure the successful and smooth running of your project, and thereby a flourishing company.
Cost Control
A thorough analysis of a company’s legal requirements is often enough to reduce costs. In addition, internal potential for optimization can be realized by simple means, e.g. through standardization of specific processes and a targeted procurement of external legal services. This already results in substantial cost reductions within the first 12-24 months without compromising quality.
Big Data
Source Law is an expert in dealing with big data. Document management systems (DMS) have found their way into legal departments. Having implemented a broad range of electronic data systems, we have well-founded expertise and a comprehensive knowledge of the market. Electronic file administration, contract management and an approval workflow should be integrated as one solution.
Customized software solutions should be compared and weighed against modular standard software. The existing IT landscape sets the framework. Long-term considerations, such as the conversion to archiving solutions which comply with commercial and tax laws, are another important factor to be considered. The challenge presented by big data and IT security should not be neglected.
