CLM Simplified: Efficient Contracting for Law Departments

Corporate legal departments of all sizes are challenged by increasing commercial contracting workloads and new contractual complexities. Lawyers can’t keep up with the volumes, while the business easily becomes frustrated, blaming Legal for delays. Legal tech is advancing quickly, and the solutions aimed at Contract Lifecycle Management, or CLM, are growing in number and features. But many legal departments are overwhelmed with the choices and often simply not ready for automation.

CLM is a complicated, multi-disciplinary set of functions and happens to be the lifeline of any commercial entity. It is no wonder that CLM is hard to “fix,” when so many departments are involved. Legal often takes the brunt of the complaints. This book offers a practical approach to improving the contracting experience. CLM is complicated but improving it doesn’t need to be.

This Tech Edition adds a robust new annex focused only on CLM automation. While technology continues to be perceived as a silver bullet, buyers of CLM systems are becoming more savvy and asking harder questions of the providers. The added CLM Tech Annex in this second edition of CLM Simplified will arm prospective buyers of CLM technology with the right information to make an educated decision about the solutions they seek. Happy contracting!

Lucy Endel Bassli is the author of The Simple Guide to Legal Innovation: Basics Every Lawyer Should Know, CLM Simplified, and workbooks on each. She is a sought-after legal industry expert, engaging in thought-leadership projects to drive change and evolution in the delivery of legal services. She is the founder of InnoLaw Group, PLLC, a modern legal solutions provider that offers legal advice and consults on operationalizing the practice of law. Her team works with law departments on modernizing their legal service delivery and resourcing models; and they train lawyers in innovative practices. Lucy specializes in all things contracting: resource allocation, automation, process optimization and smart risk-taking. Through licensed US lawyers on the team, clients receive substantive advice on templates, playbooks and empowerment guides. Visit www.innolawgroup.com or learn more about Lucy on her website, www.lucybassli.com.