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LexisNexis® CounselLink+™ has been honored with the prestigious title of "Contract Lifecycle Management Platform of the Year" in the 2024 LegalTech Breakthrough Awards. This recognition highlights our commitment to driving innovation and excellence in the global legal industry.
CounselLink+ represents the next generation of contract lifecycle management, seamlessly integrating our Enterprise Legal Management (ELM) and Contract Lifecycle Management (CLM) platforms. This powerful solution unites matters with contracts, providing legal professionals with a comprehensive tool to manage the entire contract lifecycle efficiently.
With CounselLink+, users gain access to hundreds of LexisNexis® Practical Guidance® contract templates, ensuring both standardization and customization across nine key practice areas. The platform's intuitive interface, robust features, and seamless integration with Microsoft Word enable legal teams to create, review, negotiate, and execute contracts with ease.
One of the standout features of CounselLink+ is its ability to link contracts directly to corresponding matters, enhancing compliance and oversight. The document management system ensures that all contract-related documents are securely stored, accessible, and version-controlled, providing a unified workspace for legal professionals.
The platform's advanced analytics and AI financial tools offer valuable insights into contract performance, helping legal teams optimize their processes and manage legal spend more effectively. Additionally, the AI-driven support from "Ask Legal" on Microsoft Teams automates responses to simple legal questions and streamlines requests to the legal department.
We wanted to enhance CounselLink to empower legal professionals with cutting-edge tools and streamlined processes that pave the way for a more efficient and effective contract lifecycle management experience. The result is the only integrated ELM and CLM solution with content from LexisNexis that was developed with feedback from hundreds of customers.
“CounselLink+™ empowers legal teams to work more effectively and supports legal departments with enhanced tools and exclusive features that are not available anywhere else. When managing contracts, legal teams require seamless communication and transparent access to important information and documents. Inefficient workflows and manual systems can complicate the contract lifecycle,” said Bryan Vaughn, Managing Director, LegalTech Breakthrough. “By combining workflow enhancements with contract management, CounselLink+ offers a single legal operations hub that integrates contract and financial tools with LexisNexis content to deliver greater efficiency for corporate legal departments. CounselLink+ is our pick for ‘Contract Lifecycle Management Platform of the Year!’”
The LegalTech Breakthrough Awards program is dedicated to recognizing the top technology companies, solutions, and products in the legal technology industry. This year's program attracted thousands of nominations from over 12 different countries, showcasing the best in legal tech innovation.