Rely on the most comprehensive, up-to-date legal content designed and curated by lawyers for lawyers
Work faster and smarter to improve your drafting productivity without increasing risk
Accelerate the creation and use of high quality and trusted legal documents and forms
Streamline how you manage your legal business with proven tools and processes
Manage risk and compliance in your organisation to reduce your risk profile
Stay up to date and informed with insights from our trusted experts, news and information sources
Access the best content in the industry, effortlessly — confident that your news is trustworthy and up to date.
With over 30 practice areas, we have all bases covered. Find out how we can help
Our trusted tax intelligence solutions, highly-regarded exam training and education materials help guide and tutor Tax professionals
Regulatory, business information and analytics solutions that help professionals make better decisions
A leading provider of software platforms for professional services firms
In-depth analysis, commentary and practical information to help you protect your business
LexisNexis Blogs shed light on topics affecting the legal profession and the issues you're facing
Legal professionals trust us to help navigate change. Find out how we help ensure they exceed expectations
Lex Chat is a LexisNexis current affairs podcast sharing insights on topics for the legal profession
Discuss the latest legal developments, ask questions, and share best practice with other LexisPSL subscribers
A business using multiple contracts for multiple purposes is a lawyer’s worst nightmare. How can processes be streamlined to improve efficiency and consistency and to minimise risk? Sophie Gould talks to Andrew Stewart, who was until recently Managing Attorney for Global Technology and Sourcing in BP Legal, about how he transformed their approach to contract management and its impact on the business’ ability to self-serve.
There are over 300 lawyers in the BP global legal team and a presence in more than 40 countries. I came to the role of Managing Attorney eight years ago. I ran a team of nine people, split between Houston, Sunbury and Budapest, supporting three key internal
business functions. There is Global Business Services, a back-office process-driven organisation that does largely execution-only work, such as finance and accounting, invoice reconciliation and order entry. Secondly, there is Indirect Procurement,
which buys things the BP Group needs strategically, or which are shared by everybody (for example, IT equipment and professional services). The third group we support is our IT organisation.
When I came into the role and started working within procurement, one of the first questions I asked was: what documentation and templates are you using? Different groups had their own templates and precedent banks in different places – I
counted over 40 documents which had official or unofficial accreditation as an indirect procurement template. There was no consistency in approach to risk, structure or terminology. It was really confusing as to which document to use for which purpose.
It became obvious that we could get rid of a lot of them and rationalise the remainder.
We started a process of analysis to see which templates were
Access this article and thousands of others like it free by subscribing to our blog.
Read full article
Already a subscriber? Login
Since joining LexisNexis in 2009 Sophie has worked on developing our legal and business content for the in-house legal community. She also runs various networking and mentoring groups for in-house lawyers and works with schools to promote social mobility within the legal profession.
0330 161 1234