07 Oct
|
Legarithm
|
Mumbai
Job Summary
We are seeking an experienced, and detail-oriented Senior Associate – Contract Review & Abstraction to join our team.
The Senior Associate will be responsible for reviewing, analyzing, and abstracting a wide range of commercial contracts, with a particular focus on high-volume contract review and abstraction projects. The role requires strong contractual interpretation skills, exceptional attention to detail, and the ability to consistently deliver accurate, high-quality work within defined timelines and service-level requirements.
The Senior Associate will also take responsibility for assigned project workstreams, perform quality reviews, handle complex and non-standard contracts, support client requirements, and mentor junior team members.
The ideal candidate will be comfortable working with large contract populations, interpreting complex contractual provisions, following detailed client-specific playbooks, and maintaining a high level of accuracy and consistency under tight deadlines.
Key Responsibilities
Contract Review & Abstraction
- Review and analyze a broad range of commercial contracts, including Master Services Agreements (MSAs), Statements of Work (SOWs), Non-Disclosure Agreements (NDAs), vendor agreements, customer agreements, licensing agreements, amendments, order forms, leases, and other commercial agreements.
- Perform detailed contract abstraction in accordance with client-specific instructions, playbooks, data dictionaries, and review guidelines.
- Identify, interpret, and accurately capture key contractual provisions, rights, obligations, and commercial terms.
- Identify and flag unusual, ambiguous, missing, conflicting, or commercially significant provisions.
- Review complex and heavily negotiated agreements requiring a higher degree of contractual judgment and interpretation.
- Apply client-specific abstraction rules consistently across different contract types and document populations.
High-Volume Project Delivery
- Work effectively on large-scale, high-volume contract review and abstraction projects involving significant contract populations and tight delivery timelines.
- Manage assigned contract volumes and prioritize work to meet project deadlines and agreed turnaround time, productivity, quality, and SLA targets.
- Maintain consistent accuracy and attention to detail while working with high volumes of contracts.
- Track assigned work and proactively communicate potential delays, challenges, or capacity constraints.
- Support project leadership in managing workflow, volumes, priorities, and project milestones.
- Adapt quickly to changes in project scope, client requirements, and review guidelines.
Quality Assurance & Quality Control
- Conduct detailed quality reviews of contract abstractions completed by Associates and junior team members.
- Ensure that abstracted data is accurate, complete, consistent,
and aligned with the applicable review guidelines.
- Identify recurring errors, interpretation issues, and gaps in the review process.
- Participate in calibration exercises to ensure consistent interpretation and application of contractual provisions across the team.
- Provide clear and constructive feedback to team members to improve quality and productivity.
- Escalate complex contractual interpretation issues and exceptions to project leadership or the client, where appropriate.
- Contribute to the development and refinement of quality standards, checklists, SOPs, and review guidelines.
Team Support & Mentoring
- Mentor and support Associates and junior team members working on contract review and abstraction projects.
- Assist in training new team members on contract types, contractual provisions, client-specific playbooks, and abstraction methodologies.
- Serve as a subject matter resource for contractual interpretation and complex abstraction queries.
- Review team members' work and provide guidance on improving accuracy, consistency, and efficiency.
- Support team leads and project managers in managing day-to-day project requirements.
Client & Stakeholder Management
- Participate in client meetings, calibration sessions, and project discussions as required.
- Understand and communicate client-specific requirements and review methodologies to the project team.
- Raise questions and seek clarification on ambiguous contractual provisions or abstraction instructions.
- Communicate project observations, exceptions, and recurring issues clearly and professionally.
- Support project leadership in preparing project updates and client reports.
Process Improvement & Technology
- Identify opportunities to improve the efficiency, consistency, and quality of contract review and abstraction processes.
- Contribute to the development of standardized review methodologies, templates, playbooks, and knowledge resources.
- Explore and leverage technology and AI-enabled tools to improve contract review and abstraction efficiency while maintaining appropriate quality and human oversight.
- Stay informed about developments in contract review technology, legal technology, AI-assisted document review, and contract analytics.
Qualifications
- Bachelor’s degree in Law, Legal Studies, Business Administration, or a related field.
- 3–6 years of relevant experience in contract review, contract abstraction, legal services, legal process outsourcing, legal operations, or a similar environment.
- Demonstrated experience handling high-volume contract review and abstraction projects.
- Strong understanding of commercial contracts and commonly negotiated contractual provisions.
- Excellent ability to read, interpret, and analyze complex legal and commercial language.
- Strong attention to detail and ability to identify key contractual rights, obligations, risks, and exceptions.
- Experience working against defined quality, productivity, turnaround time, and SLA targets.
- Solid written and verbal communication skills.
- Excellent organizational skills and ability to manage multiple priorities in a deadline-driven workplace.
- Ability to work independently as well as collaboratively within a distributed team.
- Proficiency in Microsoft Word and Excel.
Preferred Skills
- Experience reviewing and abstracting commercial contracts across multiple industries and jurisdictions.
- Experience handling complex, highly negotiated, or non-standard agreements.
- Experience performing quality control/quality assurance reviews.
- Experience working with contract abstraction platforms, document review platforms, or legal technology tools.
- Familiarity with AI-assisted contract review and document analysis tools.
- Experience developing or working with contract review playbooks, abstraction guidelines, SOPs, and data dictionaries.
- Experience mentoring or reviewing the work of junior associates or analysts.
- Strong Excel/data management skills.
- Legal qualification or additional certification in contract management, legal operations, or a related field is an advantage.
Key Success Measures Success in this role will be measured by:
- Accuracy and quality of contract review and abstraction.
- Ability to consistently meet volume, productivity, and turnaround targets.
- Consistent application of client-specific review guidelines.
- Quality and effectiveness of QA/QC reviews.
- Ability to independently handle complex and non-standard contractual provisions.
- Effective management of assigned project deliverables.
- Contribution to team productivity, knowledge sharing, and process improvement.
- Ability to mentor and support junior team members.
- Effective communication with clients and internal stakeholders.
Why Join Us?
- Work in a fast-growing and forward-thinking legal innovation environment.
- Opportunity to work on large-scale and complex contract review and abstraction projects.
- Exposure to contracts across multiple industries, jurisdictions, and commercial arrangements.
- Opportunity to develop deep expertise in commercial contracts and contract analytics.
- Exposure to emerging AI and technology-enabled legal review tools.
- Collaborative and inclusive work environment.
- Opportunities for professional development and continuous learning.
- Opportunity to mentor junior professionals and progress into Team Lead, Project Lead, or Managerial roles.
📌 Senior Associate -Contract Review & Abstraction (Mumbai based candidates)
🏢 Legarithm
📍 Mumbai