Contract Management Blog Articles

Contract Lifecycle Management continues to be a fast-growing legal industry sector, but do you know what it is?

This post is intended to provide a brief overview of what this sector is about. In this post, I will:

1. State a few underlying principles of CLM.
2. Answer some frequently asked questions about what CLM is.
3. Provide some additional resources for further review.

Contracts are legal documents and, appropriately, are the domain of the legal function.

Managing contracts, however, is a cross-functional exercise involving several functions including finance, legal, sales, and in larger companies, procurement.

Jason Smith puts it this way:

“There's a difference between managing the contract lifecycle (the process) and the contract (the document). The contract document is a legal artifact... the process is a business lifecycle. Once you understand this, the cross-functional concept becomes easier to address.”

To my pleasant and welcomed surprise, 2021 was an incredible year for Malbek after the intense pandemic year of 2020. A lot of things changed; however, many things remained the same. Masks have become a normal accessory like sunglasses. Sanitizer is used as much as moisturizer. Working from home continues to be the new norm. I have been to more happy hours on Zoom instead of actual bars. I spent more money on furnishing my home vs. buy any new clothing.

Ok, let's stop and take a breath together. Unlike 2020, 2021 has flown by. Well, as they say, time flies when you're reimagining an industry 😉

From funding and growth to culture and people, a lot has happened this year. And through it all, one thing is as solid as concrete: Malbek absolutely won 2021. Here's how: 

Malbek is today’s most modern, cutting-edge CLM solution. With our platform, we combine the features you need in a way that empowers the enterprise to do more with less. But don’t take our word for it! Here are four metrics from our customers to prove that using Malbek saves an organization valuable time, reduce risk, and accelerate revenue.

Meet Colin, one of our newest additions to the Malbek team! You may know Colin from his heavy social media presence, or his countless speaking affairs.  Actually, he was even a Contract Lens podcast guest! To get to know this legal tech star, we asked him seven questions. Here are his answers:

Lets rumble! For Envision 2021, we brought together five contract experts to tackle the biggest questions in contract management. The debate was intense, flags were thrown, and words did fly! All thanks to our panelists: 

• Steph Corey - Co-founder of UpLevels Ops
• Lucy Bassli - Founder and Principal at InnoLaw Group
• Colin McCarthy - CEO and Founder of Legal Operators 
• Jason Smith - Chair, Corporate Counsel Section of the State Bar of Texas
• Teju Deshpande - Founder and CEO of Oya Solutions

 It was surely the debate of the decade, and something you surely can't miss. Here are the top 5 takeaways: 

Yikes! It's spooky season alright! That means jack-o-lanterns, costumes, and, of course, haunted houses. If you are in the mood for something really scary, step right up and enter our Contract House of Horrors! Here you will find your most terrifying contracting problems come to life.

Boo! 🎃