Meeting the challenge.
Tick Tock! The regulatory deadlines are looming, and the number of contracts requiring remediation or repapering is huge. The task demands not only more legal expertise and market know-how but also extensive collaboration with outside counsel, legal project management, and stakeholder reporting—more than you could ever manage in-house. Enter the power of Integrated Law™.
Factor streamlines these complex processes with innovative solutions that now include the amplification of GenAI. By integrating advanced AI capabilities into our workflows, we enhance speed and precision, freeing your team to focus on strategic priorities while mitigating risk.
We help clients meet regulatory change deadlines by designing and deploying tech-enabled solutions, overseen by expert project managers to handle:
- Contract Analysis
- Client counterparty outreach
- Protocol-driven and bilateral negotiations
- Data transfer of remediated documentation
Working under tight deadlines and regulatory scrutiny leaves no room for error. Having completed 100+ complex contract review and remediation projects over the last decade, Factor has narrowly focused its investments (in technology, tools, methodologies) with the aim of being the best in the world in regulatory response and remediation.
Turning talk into practice.
When you face a massive and time-sensitive requirement, you no longer have to choose between a labor-intensive, risky DIY approach and a costly, law firm-only solution. Factor’s unparalleled experience in delivering large-scale, complex repapering projects is now supercharged by GenAI. By integrating GenAI as a “virtual co-worker,” Factor scales legal expertise with precision and agility, enabling seamless collaboration with law firms and internal teams.
Collaboration with Magic Circle law firm, Allen & Overy, integrating world-class legal advice and Factor’s industry-leading contract remediation and execution
Reviewing 50,000+ contracts and handling 130,000+ bilateral client outreaches and negotiations
Team of 90 supporting 10 business lines and 100+ stakeholders across the bank
40% cost savings vs. conventional approach for LIBOR transition
Collaboration with Magic Circle law firm, Allen & Overy, integrating world-class legal advice and Factor’s industry-leading contract remediation and execution
Reviewing 50,000+ contracts and handling 130,000+ bilateral client outreaches and negotiations
Team of 90 supporting 10 business lines and 100+ stakeholders across the bank
40% cost savings vs. conventional approach for LIBOR transition
Support client in repapering master agreements for approximately 551 unique pairings for 61 counterparties to ensure compliance with global Initial Margin requirements known as Initial Margin Wave 5 (“IM5”)
Such documentation includes creating new and/or amending existing CSAs, CSDs, CTAs, and ACAs as required
A global team of 6 at Factor draft and negotiate agreements, following agreed processes for internal escalations to legal, credit, and other business stakeholders to ensure a timely resolution to each negotiation.
Support client in repapering master agreements for approximately 551 unique pairings for 61 counterparties to ensure compliance with global Initial Margin requirements known as Initial Margin Wave 5 (“IM5”)
Such documentation includes creating new and/or amending existing CSAs, CSDs, CTAs, and ACAs as required
A global team of 6 at Factor draft and negotiate agreements, following agreed processes for internal escalations to legal, credit, and other business stakeholders to ensure a timely resolution to each negotiation.
Managed the migration of bank’s trading, clearing, and transaction banking relationships from the UK to EU entity
Drafted and negotiated 800 agreements across a team of 19 co-located between Belfast and London
Provided flexible response to political developments and delays, coupled with operational efficiency yielding over £2m in savings vs. panel rates
Managed the migration of bank’s trading, clearing, and transaction banking relationships from the UK to EU entity
Drafted and negotiated 800 agreements across a team of 19 co-located between Belfast and London
Provided flexible response to political developments and delays, coupled with operational efficiency yielding over £2m in savings vs. panel rates
Flexible team of 25-100 people managing multiple concurrent regulatory outreach projects
Managed 11 such projects over a 2-year period, spanning the gap between bank operations and legal functions
Support client in expanding operations sustainably, while driving major cost savings and maintaining very high standards of counterparty and internal stakeholder experience
Evolving team that has been in continuous service to the client for nearly a decade
Flexible team of 25-100 people managing multiple concurrent regulatory outreach projects
Managed 11 such projects over a 2-year period, spanning the gap between bank operations and legal functions
Support client in expanding operations sustainably, while driving major cost savings and maintaining very high standards of counterparty and internal stakeholder experience
Evolving team that has been in continuous service to the client for nearly a decade
Reviewed over 4,000 agreements across multiple product lines
Provided structured contract data enabling accelerated outreach
Created negotiation playbook in preparation for outreach and negotiation
Reviewed over 4,000 agreements across multiple product lines
Provided structured contract data enabling accelerated outreach
Created negotiation playbook in preparation for outreach and negotiation
Amended 20,000 client contracts to ensure compliance with new GDPR requirements
Handled all counterparty outreach and negotiations for 11,000+ client counterparties and supported negotiations for 8,000+ client-driven outreaches
Factor team consisted of 50+ senior commercial lawyers based in Chicago and London and supported 48 business units.
Amended 20,000 client contracts to ensure compliance with new GDPR requirements
Handled all counterparty outreach and negotiations for 11,000+ client counterparties and supported negotiations for 8,000+ client-driven outreaches
Factor team consisted of 50+ senior commercial lawyers based in Chicago and London and supported 48 business units.
