"Whenever you find a firm like Radiant and a team like theirs you never forget it."
This global proprietary investment firm supports entrepreneurs as they scale their businesses. It’s an organisation that values creativity and collaboration; in the past 10 years alone, they have invested billions globally into growing companies.
In 2019 the firm went through a demerger. As a result, the legal teams needed to deliver a large-scale supplier contract review project with tight deadlines and on top of already busy workloads.
The Solution
Recognising that capacity to deliver the project might be a challenge, the firm engaged with Radiant Law early whilst the scope of the review was still being agreed.
We were all going on the journey to understand what was in scope at the same time, but from the get-go Radiant Law understood what we needed and always focused discussions on our goals. They had such an organised team, very professional.
As the scope of the project was finalised, Radiant began work reviewing the bulk of the contracts and made recommendations for the legal team to consider. At the same time, a dashboard was set up to give the firm live visibility of the status for every matter, and a ‘golden source’ project workbook was used to keep everyone aligned.
Once the Affiliates language was agreed Radiant issued the first amendments and began negotiations. With the legal team reporting on progress to an internal steering group, governance calls were increased to twice weekly to help the firm maintain oversight, and Radiant provided the stats and updates needed to ensure everyone was kept informed.
With the volume of contracts involved we needed to understand on a detailed basis how things were progressing, and those check-in points twice a week during the crunch were always on point. Radiant gave us comfort on progress at pace. We were never left with any doubts about what was happening in the process.
The Impact
Within three months Radiant Law had issued, negotiated and closed all of the in-scope contracts. The project was successfully delivered on-time and within budget, allowing the firm’s legal team to maintain their focus on working side-by-side with their portfolio companies to help them grow.
From the get-go Radiant Law understood what we needed. They were very commercial and the degree of comfort their team gave us, the professionalism demonstrated, was incredible. They delivered a confident range of advice, gave us next steps, kept us up to speed with our project progress and took the lead. Whenever you find a firm like Radiant and a team like theirs, that kind of positive experience is so important and you never forget it. I think Radiant are exceptional.
You can read more about how we work with organisations to deliver large-scale contract remediation projects.
We can work with you to take a step back and look at your project goals then create simple, efficient and cost-effective solutions. For a confidential free consultation email us today or call us on +44 (0)203 865 1200.
