Contract Analysis Services

Making the Business Case: How In-House Counsel Can Secure C-Suite Buy-In for Contract Lifecycle Management Services

As in-house counsel, you’ve likely witnessed firsthand the chaos that poor contract management can create. Missed renewal dates, buried indemnification clauses that surface during litigation, vendor agreements scattered across departments with no central oversight, and compliance obligations that slip through the cracks. You know that investing in proper contract lifecycle management (CLM) services could transform […]

When Contracts Change Fast, Legal Teams Need to Move Faster

Blogs, Contract Analysis Services

Corporate legal departments face an unprecedented combination of modern contract challenges that would have seemed unimaginable just a decade ago. The days when contracts moved through predictable cycles and templates could remain unchanged for years are long gone. Modern legal teams must be both agile and precise while operating at an accelerated pace that shows […]

How Good Contract Hygiene Can Simplify Your CLM Implementation

Blogs, Contract Analysis Services

If you’re thinking about migrating your contracts to a software platform, you already see the value of automated workflows, streamlined processes, and centralized contract authority. Yet whether you achieve those results depends on the quality of your contract hygiene before migration. Maintaining contract hygiene is like bike chain upkeep: it’s essential if you’re going to […]

What Is a Smart Contract Repository and Why Does Your Legal Team Need One?

Blogs, Contract Analysis Services, Smart Contract Repository

Think back to the last legal conference you attended: how many times did panelists say the words “Contract Lifecycle Management” or “CLM”? You probably lost count. These days, CLM systems are treated as the be-all and end-all platform to maximize every stage of the contract lifecycle. Though CLMs are comprehensive, their complexity and abundance of […]

Can Artificial Intelligence Make Bad Decisions About Contract Analysis?

Blogs, Contract Analysis Services

How attorneys review, summarize, and abstract contracts has undergone some extensive changes in recent years. Technology-assisted structured data reviews changed the game, and now artificial intelligence promises to finish the transition into faster, more efficient, and more detailed contract insights. However, there are limitations to what artificial intelligence can do. At the bottom of any […]

Why Serial Acquirers Need a Contract Analysis Partner During Due Diligence

Blogs, Contract Analysis Services

Strong returns and low risk are the perfect outcome for any acquisition, but it’s not one that’s easy to replicate. Successful programmatic acquirers pinpoint multiple small-to-mid-sized acquisition targets each year and navigate the closing process while generating shareholder value upon completion. What’s their secret to success? The answer depends on who you ask. McKinsey & […]

The Human Advantage: Why Expertise Matters in AI Contract Review

Blogs, Contract Analysis Services

Over the last decade, we’ve seen a dramatic shift in how contracts are reviewed, summarized, and abstracted. Our industry started with traditional legal summary memos and moved towards technology-assisted, structured data reviews. Now we’re fully immersed in AI-powered contract review solutions. Despite all the exciting possibilities these tools offer, there is a crucial element that […]

Don’t Trust Your Contract Clause Library? Try Template Rationalization

Blogs, Contract Analysis Services

As in-house counsel, there’s always an expectation to maximize your time and effort. However, not every request for legal input will be a cost-effective use of your time. Take contract review, for example. Some agreements require a nuanced and tailored approach to drafting and negotiation. Other agreements, once written, can be repeatedly reused as templates […]

Contract Renewal Mistakes Have Steep Costs. Here’s How to Avoid Them!

Blogs, Contract Analysis Services

Once again, in-house legal professionals are being tasked with an all-too-familiar challenge: to find even more ways to trim down their budgets. The 2024 ACC Chief Legal Officers Survey found 42% of CLOs were asked to slash expenses last year. In fact, these financial headwinds pose a problem here and now, giving each decision or […]

Cybersecurity Leader Achieves Swift Due Diligence Success with Legalpeople

Case Studies, Contract Analysis Services

Our client (a multi-national manufacturing company providing services to customers in the energy services sector) required assistance with the migration of 1,200 customer contracts to a new contract management system (CMS). Their CMS vendor lacked the appropriate expertise to successfully manage the legacy contract extraction to enable the system implementation.

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