Wonga Group has selected NewGalexy’s cloud-based contract management tool ContractPod to enable its legal team to generate contracts more efficiently using automated templates.
ContractPod was launched in 2014 by NewGalexy, which started life as a LPO and is headed by former McGrigors senior partner and KLegal chief executive Robert Glennie, and co-founder and director Sarvarth Misra.
Other ContractPod clients include Sussex and Kent law firm asb law, which in 2015 entered a strategic alliance with NewGalexy aimed at providing corporate teams with a mixed technology and law firm play.
Wonga opted for ContractPod as its contract repository after a thorough selection process. Misra said: “The first step prior to roll out was for the legal team to make a business case. ContractPod met each one of those criteria “out of the box”, but that was just the beginning of the implementation.
“ContractPod was able to address the client’s existing loopholes and our contract repository function proved particularly beneficial to the business.”