Editor's Note: For a comprehensive guide on contract lifecycle management, read Contract Lifecycle Management Overview . Review Enterprise Legal Management for Legal Departments to learn more about ELM software for corporate legal. Why CLM Software Matters...
The best way to implement a contract management workflow in the law department requires an enterprise legal management platform to connect all applications, including contract lifecycle management, work management, AI-powered tools , matter management applications...
Contract Lifecycle Management (CLM) software delivers a comprehensive approach to managing contracts from creation through execution, renewal, or termination. By automating drafting, negotiation, approvals, and oversight, CLM helps legal departments reduce risk...
Summary Global economics, regulatory compliance, cybersecurity, and data security and privacy concerns shaping the legal world require continuous attention to the rule of law. Contract lifecycle management in the legal department must address these issues and...
Contract management tools are essential for corporate legal departments to streamline the contract lifecycle management (CLM) process. Before addressing the types of contract management tools that work best for lawyers, let’s look at the evolution of contract...
By LexisNexis® CounselLink® One of the biggest headaches that in-house counsel grapple with is how to effectively manage their organization’s vast universe of contracts — from complex commercial transactions to routine vendor agreements. Contract...
Influencers and thought leaders in the legal technology space Legal Tech's Predictions for Emerging Technology in 2025 predict blockchain will affect smart contracts and contract lifecycle management in the corporate law department. This prediction brings exciting...
Managing contracts is a pivotal function for legal departments, requiring meticulous attention and precise organization. Legal contract management software is designed to streamline this process, helping legal professionals efficiently manage their contracts while...
LegalTech Breakthrough, a leading independent market intelligence organization that evaluates and recognizes standout legal technology companies, products and services around the globe, recently announced that LexisNexis® CounselLink+™ is “ Contract...
Contract lifecycle management (CLM) tools help legal departments automate contract drafting, review, negotiation, approval, and renewal. When CLM integrates with an enterprise legal management platform, the efficiency gains extend across matter management , l egal...
Contracts define the terms under which companies operate. They govern hiring, purchasing, vendor relationships, and strategic partnerships. With so many agreements shaping how business gets done, contract management software has become essential for legal departments...
Editor's Note (updated in 2025): To learn more about contract lifecycle management solutions, read Contract Lifecycle Management Overview for Legal Departments and Enterprise Legal Management For Law Departments for an overview about ELM solutions for corporate...
Corporate legal departments manage high volumes of contracts, each carrying its own operational, financial and regulatory implications. Without the right tools, contract management becomes time-consuming and fragmented, with work spread across multiple systems...
Editor’s Note (Updated 2025) : For a comprehensive overview, see Contract Lifecycle Management Overview for Legal Departments . For related topics, explore How to Create a Functioning Contract Database and What Are the Benefits of Contract Lifecycle Management...
As companies grow, so too do the transactions that turn into volumes of contracts. Contracts range in complexity, correlating to the type of the deal and whether the contract is written for an individual, a small company offering services, or a merger or acquisition...