Great dogma of contract negotiation: Difference between revisions

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{{a|negotiation|}}Once upon a time an {{isdama}} was a new and dangerous thing, and one would drop twenty or thirty grand with the [[partner|finest finance lawyer money]] could by to make sure one’s goolies were safe. It was a wonderful period of discovery for we young [[associate]]s, trying to figure out what on earth {{isdaprov|Automatic Early Termination}} even meant, but charging some finance director £350 an hour while we found out.
{{a|negotiation|}}Once upon a time an {{isdama}} was a new and dangerous thing, and one would drop twenty or thirty grand with the [[partner|finest finance lawyer money]] could by to make sure one’s goolies were safe. It was a wonderful period of discovery for we young [[associate]]s, trying to figure out what on earth {{isdaprov|Automatic Early Termination}} even meant, but charging some finance director £350 an hour while we found out.


Before long [[negotiation|negotiating]] {{isdama}}s had become quite the cottage industry.  Today any good-sized institution will have literally hundreds of people in [[onboarding]], [[AML]], [[credit]] sanctioning, [[legal]] and [[documentation unit]] {{isdama}}s single-mindedly devoted to generating new [[master trading agreements]].
Before long [[negotiation|negotiating]] {{isdama}}s had become quite the cottage industry.  Today any good-sized institution will have literally hundreds of people in [[onboarding]], [[AML]], [[credit]] sanctioning, [[legal]] and [[documentation unit]] {{isdama}}s single-mindedly devoted to generating new [[master trading agreement]]s.


Now we know [[management consultant]]s and [[COO]]s are good at spotting large aggregated {{wasteprov|cost}}s in an organisation. That is what they do. Some would say that, for better or worse, is ''all'' they do. For some years now, the [[contract negotiation]] process has stuck out like a butcher at a chickpea fudge stall, so there is not an [[investment bank]] in the world which hasn’t taken a chainsaw to its [[negotiation]] operation, slavishly following the simplistic urgings of a McKinsey or a PWC. Most have done this many times, as it is a favourite gambit of an incoming COO.  
Now we know [[management consultant]]s and [[COO]]s are good at spotting large aggregated {{wasteprov|cost}}s in an organisation. That is what they do. Some would say that, for better or worse, is ''all'' they do. For some years now, the [[contract negotiation]] process has stuck out like a butcher at a chickpea fudge stall, so there is not an [[investment bank]] in the world which hasn’t taken a chainsaw to its [[negotiation]] operation, slavishly following the simplistic urgings of a McKinsey or a PWC. Most have done this many times, as it is a favourite gambit of an incoming COO.