Skip to content Skip to navigation menu
Your browser is not supported by this site.
Please update to the latest version, or use a different browser for the best experience.

Introducing Legal Managed Services

Ushering in a new era of Pangea3 legal outsourcing

Contract management

Thomson Reuters offers a distinct approach to helping clients optimize and manage their end-to-end contract lifecycle. As a trusted partner, we act as an extension of your legal team, transforming the way you manage your contracts. Our managed process includes flexible staffing and the implementation of technologies that improve collaboration across your organization.

For years, Thomson Reuters has delivered the most trusted legal content, software, and services in the industry

Today, Thomson Reuters Legal Managed Services is leveraging that trust and experience to help law departments forge a new path to improve efficiency, contain costs, and reduce risks over the lifecycle of their contracts.

Whether it’s legal, financial, compliance, or business pressures that are driving your organization to seek outsourced support, we can help you with any or all of your contracting functions.

Are you ready to transform the way your department delivers contract services? We can help at every step.

An Overview of Contract Management

What does contract management success look like?

In the case of one Fortune 50 client it looks like this:


Increased documents
reviewed from
50% to 100%

5 2

Reduced contract
turnaround times from
an average of five days
to less than two days in
most instances


Reduced the average
cost per document
by 36%

"Impressive results, including improved turnaround
times, reduced costs, and elimination of backlog.”

Judges, ACC Value Challenge

ACC Champion

Contract templates and playbooks

Getting your contract professionals to agree to contracting templates doesn’t have to be a struggle. Our team has developed a methodology to quickly review legacy agreements, identify historical inconsistencies, and garner consensus on the acceptable positions, language variations, and necessary process controls. With optimized processes, you’ll feel more confident in your organization’s ability to identify and mitigate contract risk.

Contact us about our templates and
playbooks services

Three game-changing technologies that are the next generation in contract management

Read article

How Thomson Reuters helped a client centralize its contract review process, providing a streamlined process ensuring global contract consistency

Read the contract review case study

Contract drafting and review

You want to improve consistency in contracts and overall client satisfaction – and we can help. Our trained professionals provide quick contract review, version comparisons, and issue spotting to ensure your contracts are consistent, compliant, and in alignment with risk tolerance levels. We can administer contract request, review/approval, and execution cycles to provide better visibility into contract status, turnaround times, and other performance metrics that will drive improved client satisfaction.

Contact us about our contract drafting and
review services

Contract risk & obligation management

Our team can provide the capacity you need to perform risk identification/obligation management and help you gather the information you need to analyze your contracts. We’ll maintain a pristine repository of your contracts, including organizing disparate sets of contract documents and associated data so you can leverage reminders, reports, and analytics. Some risks you cannot foresee, so we’ll identify and document deviations from pre-determined standards to enable routing, approval, notification, and other risk mitigation steps.

Contact us about our contract risk and
obligation management services

Contracting as a source of risk mitigation webinar

Watch now on demand

How Thomson Reuters helped a multinational consumer reporting agency efficiently evaluate target companies

Read now

Contract due diligence

Our contract due diligence team will provide you with insights into a company’s potential or existing liabilities and the necessity for third-party consents or regulatory approvals, allowing you to evaluate the potential success of your transaction. We have experience working with top law firms around the world providing due diligence reports and we can bring best-of-breed contract review and due diligence software to aid in efficient,
high-volume contract review.

Contact us about our contract due
diligence services

Leadership spotlights

Abraham Plammootil

Abraham Plammootil,
Head of Playbook Development

With over 11 years of experience, Abraham focuses on training teams, providing technical guidance, organizing legal knowledge and structuring, and building contract playbooks for corporate clients with complex contracting requirements.

Read Abraham’s article “How to ACE the standardized review of contracts”

Read Abraham’s article “Why contracts change during negotiations and why it makes a difference”

Rebecca Thorkildsen

Rebecca Thorkildsen
Global Director, Contract Management Solutions

Rebecca brings more than 18 years of experience in legal management and technology consulting to Thomson Reuters clients. She helps clients identify appropriate work to be outsourced, improve upon current work processes, and utilize technology to support operations and measure performance of new solutions.

Contracting as a source of risk elimination (51:19)