Pre-greements

This is a plat­form for law firms to have pre-agreed on for­mats and posi­tions for con­tracts. So you might have an Ashurst and Allen-Overy rep hash out a base­line con­tract for some­thing, includ­ing var­i­ous approved plays and adjust­ments, so that there is a com­mon­ly under­stood start­ing point for a nego­ti­a­tion. A client can then engage Ashurst to do a deal, who finds that A&O are on the oth­er side, and get a first draft done in record time — it costs the client less and there’s less “rounds” of nego­ti­a­tion because there’s a pre-nego­ti­at­ed start­ing point.

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