Preply’s story. A conversation with
June Chaikovska
Senior Legal Counsel, Preply
As Preply expanded, their legal team was increasingly under pressure from a capacity perspective.
“We were processing an increasing number of agreements in Preply, which meant we were at the point where we had to implement a CLM. At the same time we wanted to see if there was a solution out there which could help with our capacity issues in the legal team.”
The speed of implementation of Wordsmith was a critical consideration for the Preply team. Also the expected effort required from the Preply legal team was a big factor.
“We were kicking off a large CLM implementation and did not have the capacity to run another large implementation in parallel. When we chatted to the Wordsmith team and learnt that the implementation could be done in days rather than months, we were very interested. We were looking for a solution that could get us to value as quickly as possible and Wordsmith sounded like it had the potential to do just that”
Preply’s legal team faced growing demands from the Preply Sales team. By leveraging Wordsmith, they reduced the time needed to respond to B2B team queries by up to 80%. The team can now access relevant legal information in a fraction of the time, significantly accelerating how the business operates.
"Wordsmith has drastically improved the way our B2B team interacts with legal. Now, the team can get what they need almost instantly, which has really helped us maintain momentum,"
Following the success with the B2B team, Preply rolled out Wordsmith to the broader organization, giving every department access to the platform. Although it's still early days, the intention is for Wordsmith to create seamless access to legal knowledge across the company, minimizing friction when legal input is needed.
The enablement materials provided by Wordsmith were crucial in ensuring a smooth roll-out across the business, allowing teams to adopt the technology quickly and with minimal disruption.
Preply processes around 600 vendor agreements annually, a task that previously demanded significant time and attention from the legal team. By integrating Wordsmith into their agreement processing workflows, Preply has cut time spent on this task by up to 50%. Moreover, Wordsmith’s ability to handle multiple working languages has been a key value-add, allowing the team to process agreements more effectively across regions.
"The potential for further automation and efficiency gains is incredibly exciting," June reflects. "Wordsmith is helping us transform how the legal team supports the business, and we're just getting started."
50%
Reduction in vendor agreement processing time
80%
Less time answering repeat sales team questions
600
Vendor agreements processed annually
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