Most corporate counsel feel overwhelmed by the volume of work being thrown at them. ?? As well as the increased demands for increased efficiency, insights, metrics and reporting on their work. Amongst the vast array of legal tech options out there, Contract Lifecycle Management (CLM) technology for corporate Legal teams that process large volumes of contracts is an ever-growing daily requirement. The CLM Simplified Contracting Framework No matter how tight budgets may be right now and whether CLM technology is even on your roadmap, you can solidify your contracting foundations for essentially little to no extra cost to your organization. Step 1??: Legal Review Policy A Legal Review Policy (aka Contracting Policy) is a document which records what transactions Legal?must?review. Step 2??: Contract Templates The second step (although it can be done in parallel with the first step) is designing and using templates. Step 3??: Contract Playbooks Playbooks help simplify contracting because they are used in conjunction with contract templates. Once you’ve successfully tackled these three foundational steps, you’ll be well on your way to building a stable foundation for ongoing, sustainable CLM success. Creating a usable contracting policy can be done in three low-cost steps, as explained by CLM Expert & Author Lucy Bassli??. Read more in the full article at the link below. ?????? https://lnkd.in/eyWjqbat ---------------------------------------- Join Lucy Bassli and our other expert speakers live for the upcoming Contract Nerds webinar, titled "How to Manage Business and Legal Risks in Contracts", on?March 27, 2025?at 9 AM PST | 12 PM ET | 4 PM GMT. Big thanks to our sponsor?Contracts 365! #contractnerds #legaltech #legalops #corporatecounsel #paralegal #CLM #inhousecounsel
Senior Director at Green Dot Corporation
5 天前Very helpful. I’ll add a fourth document, based on questions that come up all the time - a policy or document with clear instructions on signing authority.