When managing contracts, who should you involve? While not everybody should not be involved in performing contract management, a lot of stakeholders deserve a front row seat in different stages. 1. Drafting the contract: of course you would like to have your legal counsel present in this stage, but don't overlook colleagues who will be working with the contract on an operational level. 2. The contract in motion: get your business units informed and make sure every stakeholder knows what's important to them in the contract. This mitigates risks and gets you all aligned to strive for operational efficiency. 3. Evaluation and extensions: some as above, get the people who were operationally involved around the table. Simple as that.... Do you want to do all the above fluently? Head over to our birdseye website (link in the comments) or just reach out 😄 #contractmanagement #Birdseye #legaltech #procurtech
Birdseye’s Post
More Relevant Posts
-
When managing contracts, who should you involve? While not everybody should not be involved in performing contract management, a lot of stakeholders deserve a front row seat in different stages. 1. Drafting the contract: of course you would like to have your legal counsel present in this stage, but don't overlook colleagues who will be working with the contract on an operational level. 2. The contract in motion: get your business units informed and make sure every stakeholder knows what's important to them in the contract. This mitigates risks and gets you all aligned to strive for operational efficiency. 3. Evaluation and extensions: some as above, get the people who were operationally involved around the table. Simple as that.... Do you want to do all the above fluently? Head over to our birdseye website (link in the comments) or just reach out 😄 #contractmanagement #Birdseye #legaltech #procurtech
To view or add a comment, sign in
-
When managing contracts, who should you involve? While not everybody should not be involved in performing contract management, a lot of stakeholders deserve a front row seat in different stages. 1. Drafting the contract: of course you would like to have your legal counsel present in this stage, but don't overlook colleagues who will be working with the contract on an operational level. 2. The contract in motion: get your business units informed and make sure every stakeholder knows what's important to them in the contract. This mitigates risks and gets you all aligned to strive for operational efficiency. 3. Evaluation and extensions: some as above, get the people who were operationally involved around the table. Simple as that.... Do you want to do all the above fluently? Head over to our birdseye website (link in the comments) or just reach out 😄 #contractmanagement #Birdseye #legaltech #procurtech
To view or add a comment, sign in
-
When managing contracts, who should you involve? While not everybody should not be involved in performing contract management, a lot of stakeholders deserve a front row seat in different stages. 1. Drafting the contract: of course you would like to have your legal counsel present in this stage, but don't overlook colleagues who will be working with the contract on an operational level. 2. The contract in motion: get your business units informed and make sure every stakeholder knows what's important to them in the contract. This mitigates risks and gets you all aligned to strive for operational efficiency. 3. Evaluation and extensions: some as above, get the people who were operationally involved around the table. Simple as that.... Do you want to do all the above fluently? Head over to our birdseye website (link in the comments) or just reach out 😄 #contractmanagement #Birdseye #legaltech #procurtech
To view or add a comment, sign in
-
One of the primary legal challenges tech companies face is managing scope creep effectively. This oversight often leads to disputes over timelines, costs, and deliverable quality, potential breaches of contract, client dissatisfaction, and increased legal and financial risks for software companies. Proactive communication, regular project reviews, and robust change management processes are essential to safeguard against these risks and maintain healthy client relationships. We always help clients in this situation, prioritizing their business interests. If you are facing this challenge. Call us at (917)-970-1212. Disclaimer: The above material is for informational purposes only; contact us for personalized legal assistance. #Alismelaw #smallbusiness #lawyer #businesspartnership #businesspartner #businessowner #corporatelawyers #corporategovernance #corporatecounsel #businesstips101 #business #businessman #businessmindset #businessgrowth #businessquotes #legaladvice #legalservices #servicebasedbusiness #attorney #newyorkcity #newyorkattorney #contractlaw #businessdisputes #commerciallawyer #businessattorney #powerofattorney #lawyering #lawyer #mediation #trialattorney
To view or add a comment, sign in
-
Dear Legal Managers, Nobody talks about how to save cost on operations in-house legal team. Here's how to save 200% every quarter: 1. Automate routine tasks. 2. Implement a cloud-based document management system. 3. Act like a strategic partner to your business department. 4. Outsource to ALSP for specialized tasks. 5. Invest in training to improve team efficiency. P.S. Is cost saving a priority in Inhouse legal teams ? Post Inspiration credit : Devina Das , her last post on cost saving for law firms #legalteams #legaltech
To view or add a comment, sign in
-
Unlock Efficiency: Your Solution For Large Volume Contract Work 📑📑📑 In-house legal departments are facing unprecedented demand, particularly when it comes to managing large volumes of contracts. As organizations expand, so do their contractual obligations, which creates a surge in work for legal teams. Manual contract review is time-consuming, error-prone, and tedious. With an increasing number of contracts to review, negotiate, and manage, raditional methods simply no longer suffice. In-house legal teams can streamline contract management processes by working with CEO Law. Having a solution for conract review allows you to focus on higher-value strategic work. It alslo allows you to better allocate resources, which means you can deliver more value to your organizations. 📈 📱Let's talk! #LegalTech #ContractManagement #Innovation #Efficiency #LegalOperations
To view or add a comment, sign in
-
-
There's a big difference between contracts and managing those contracts. It seems obvious, but in practice, it may not seem as obvious as one instinctively may think. A contract is a legal document between two parties or entities and it makes sense that lawyers would be the one drafting such documents. Managing contracts, though, is a cross-functional exercise since a contract often puts demands and requirements on a range of roles from finance to IT to privacy to legal. Contract management tools have been created to help, but they don't work by themselves. Contract management tools are powerful, but their power derives from effective use of such tools. This means having templates, clear processes, and defined users in place BEFORE putting in place a contract management tool. #legaltech #innovation #law #business
To view or add a comment, sign in
-
-
Are you a legal professional struggling with managing overwhelming paperwork, client documentation, and ensuring compliance? At Quantic Solutions, we understand the unique challenges faced by law firms and legal departments. Our innovative document management solutions are designed to streamline your workflow, enhance productivity, and maintain the highest levels of security and confidentiality. Why Choose Quantic Solutions? Automated Document Management: Easily organize, retrieve, and share legal documents with our user-friendly platform. Compliance and Security: Ensure all client information is protected and meets regulatory standards. Enhanced Collaboration: Improve team collaboration with seamless document sharing and real-time updates. Time Efficiency: Reduce time spent on administrative tasks and focus more on delivering exceptional legal services. Transform Your Legal Practice. We are tailored to meet the specific needs of the legal industry, providing you with the tools you need to succeed in a competitive market. 🔗 Ready to take your legal practice to the next level? www.quanticsolutions.my #LegalTech #DocumentManagement #LegalSolutions #LawFirm #Compliance #EZOFIS #QuanticSolutions #EZOFISPartner #Automation #LowCode #WorkflowRevolution #Transformation #Digital #Law #Legal #DigitalLaw
To view or add a comment, sign in
-
-
You are not a superman! Investing in dedicated legal team at early stage of the business may not sound reasonable. But founders having know-it-all and do-it-all belief eventually burn out and sabotage their businesses. You are not a superman, don't try to do it all. Then what to do? Leverage legal tech tools to streamline, optimize, and scale up your business by enhancing efficiency, reducing cost, improving accuracy and ensuring compliance with the law. Legal tech tools can help you with, 📃 Contract Management: The creation, review & managing lifecycle of a contract. 👮♂️ Compliance Monitoring: Track regulatory changes & ensuring compliance with the law. 🔍 Legal Research: Conduct faster & accurate legal research. ⚠️ Risk Management: Analyse data to identify patterns, anomalies & predict potential legal issues. ☁️ Data Storage & Protection: Secure & organised data management. 💼 Case & Litigation Management: Manage entire lifecyle of a case. 🧾 E-discovery: Identification & collection of relevant information during legal dispute. 🛎 Virtual Legal Assistant: On demand legal advice & support. 📚 Knowledge Management: Repository of legal knowledge & precedents. Which legal tech tool you'll try? *** My Legal Aid™ #MyLegalAid #LegalTech #CLM #ContractManagement #LegalCompliance #EDiscovery #LegalAssistant #LegalAI #LegalAutomation #LegalResearch Copyright of the image goes to the respective owners.
To view or add a comment, sign in
-
-
With Thomson Reuters HighQ, Noerr is at the forefront of legal innovation. By using our platform, they are streamlining litigation management and driving digital transformation within their firm. Discover how Noerr is setting new standards in legal tech - read the full case study now! #LegalTech #Innovation #DigitalTransformation https://gag.gl/jtxpbD
To view or add a comment, sign in