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Trying to figure out the ROI of contract lifecycle management software? Try our calculator to get a better understanding.
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Just copy and paste the cells below into a new, editable spreadsheet.
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Company DataCurrent Approach Vs Juro
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LegalYear 1Year 2 Year 3Year 4Year 55 Year total
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Manual WorkCost of manual process$62,390.44$62,390.44$62,390.44$62,390.44$62,390.44$311,952.19
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Number of employees working on contracts3
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Percentage of legal time spend on admin20.00%Cost of solution$11,000.00$10,500.00$11,025.00$11,576.25$12,155.06$56,256.31
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Time spent on contract work per month (hours)104.40Time saving (hours)1,039.821,039.821,039.821,039.821,039.825,199.12
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Average salary per legal counsel$100,000.00ROI*567.19%594.19%565.90%538.95%513.29%554.52%
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Cost per hour (average cost per hour of legal team)$49.80
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Cost of manual contract work for legal team (per month)$5,199.205 year cost of current approach$311,952.19
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Totals5 year ROI when using Juro (%)554.52%
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Monthly cost of manual contract work (legal)$5,199.205 year ROI when using Juro ($)$255,695.88
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Annual cost of manual contract work$62,390.44
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Growth
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Estimated yearly growth0%
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Software Solution Data
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Costs
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Cost of annual software subscription$10,000.00
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One off implementation cost$1,000.00
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Typical Results
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Time saving based on existing clients and our process discussions83%
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Contract Turnaround Time Reduction28%
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