Faber Daeufer Itrato & Cabot’s practice is based upon the experience of both senior lawyers as well as seasoned contracts specialists working together to meet the needs of clients in their corporate and transactional activities in both emerging and established businesses. This innovative, streamlined operating model is customized for the drug and life sciences industries. Additionally, the day-to-day recurring contracting needs of other companies can be handled by this group as well. Our unique contracts specialist model enables extraordinary value, efficient execution and highly productive transactions on behalf of our clients.
Our team of contracts specialists is based on the model used by most pharmaceutical companies and mature biotech companies where trained non-lawyer contracts professionals quickly process a high volume of day-to-day contracts that address key issues such as intellectual property management, regulatory compliance and liability allocation.
We make available to emerging companies the same expert and highly efficient resource that more mature companies have built in-house. Our senior contracts specialists are trained to handle the issues that arise in the variety of contracts that our clients encounter in the ordinary course of business, and they have years of experience handling contracts at pharmaceutical and biotech companies, research institutions and hospitals. Our contracts specialists bring an extraordinary level of operational savvy to contracts administration and, working under the supervision of our lawyers, they:
- Efficiently negotiate and manage high volume contracts
- Problem-solve for commonly encountered contractual issues
- Manage contracting needs for multi-site, multinational clinical trials
- Work with clients to develop customized processes
- Train client personnel in contract management
Our contracts specialists frequently develop very close working relationships with our clients’ scientists, clinical operations and business development personnel through their customized approach to providing contract management services that is driven by individual client needs. The day-to-day nature of our clients’ contracting needs often results in our contracts specialists being treated as members of our clients’ internal teams.