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Contract turnaround
Track contract cycle time, on-time delivery and template use each month.
Legal operationsHow it's worked out
- On-time = completed in time ÷ completed. Template use = standard ÷ completed
- Same month for all figures
NoteTemplate use is the strongest lever on cycle time. Agreements negotiated from scratch take longest.
Source: CLOC legal operations core competencies (definitions)
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