The Power of Community in the Legal Profession: Fostering Professional Growth

In a profession where knowledge, expertise, and credibility reign supreme, legal professionals often find themselves on an isolated island of specialization. We are trained to focus on our niche, build our expertise, and, quite naturally, protect our turf. But what if I told you that true professional growth and influence in the legal world can be achieved by embracing the community rather than distancing oneself from it?

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Contract Agility: The Key to Success in the Modern Business Landscape

Agility is the key to staying competitive in a rapidly evolving business landscape.

Whether you are a small startup or a large enterprise, the ability to adapt quickly to changing circumstances is crucial. This principle extends to all aspects of your operations, including your contracting process. Renovating your contracting process for agility is not just a good idea; it’s a necessity in today’s dynamic market.

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Who Owns Contracts? The Evolution of Contract Ownership in the Digital Age

Contracts are the backbone of any business, serving as the foundation for agreements, relationships, and accountability. However, the way we manage and perceive contract ownership has evolved significantly in the digital age. Traditional paper contracts are giving way to digital contracts, and the question of “Who owns contracts?” has become a topic of interest and debate.

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Contracts Unveiled: A Deep Dive into the Future of Contracting

Today, Mark Ross, Principal in Deloitte Tax LLP’s Legal Business Services practice, is joined by Allison Caggia, Content and Communication Strategist at Malbek, to explore the role of a CLM in an organization and how it helps business users manage the entire lifespan of a contract to create the most value. Mark begins by discussing why a CLM is necessary in today’s world. He explores how, since contracts go beyond legal and are the lifeblood of a business, technology is an enabler for all stakeholders. He shares how an organization can work to crumble the walls between stakeholders and his top three ingredients for a successful CLM implementation. Then, Mark shifts the conversation to how applying CLM technologies in the right way can help you manage your contracts post-signature. He ties it all together by looking into his metaphorical crystal ball and sharing where he thinks the CLM industry is headed next.

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Risk Vs. Revenue- Contracts as a Tool for Revenue

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Supporting Hypergrowth With a Contract Lifecycle Management Solution

In today’s fast-paced business landscape, companies that experience hypergrowth face unique challenges and opportunities. Prioritizing scaling operations, expanding into new markets, and managing increasing contract volumes become key factors toward success. One critical tool that can help organizations navigate the complexities of hypergrowth while streamlining processes, improving collaboration, and mitigating risk, is a Contract Lifecycle Management (CLM) solution. In this blog post, we’ll explore how CLM solutions empower businesses to support hypergrowth effectively. Continue reading “Supporting Hypergrowth With a Contract Lifecycle Management Solution”

The Need for Legal Operations

Welcome to the very first episode of The Contract Lens Podcast hosted by Malbek. Today’s guest is Stephanie Corey, Co-founder of UpLevels Ops and a long-time legal ops veteran. This episode is all about the pivotal role of legal operations and we kick it off by defining what legal operations is and why it’s needed. Stephanie shares tips for smaller legal departments that don’t yet have someone in the legal ops role and makes recommendations for the traits you should be looking for when you are ready to hire your first legal ops professional. We cover why Legal should pay attention to employees’ “work joy” and which metrics they should be focusing on to measure the positive impact of legal ops on the business. So let’s relax, grab a glass of wine, and talk contracts!

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How to Use Metrics and Analytics to Drive Contract Management Excellence

Contract management is the backbone of any legal department, a complex and time-consuming task that can significantly impact a company’s success. To streamline these processes, and ensure continuous improvement, it’s essential to harness the power of metrics.

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Where Do I Start with Contract Management Technology?

Today’s interview will address the question, where do I start with my contract management technology? The interview is led by Allison Caggia, content and communication strategist at Malbek, and she is joined by Craig Conte, who is a partner at Deloitte Legal. At Deloitte, Craig is responsible for their contracts legal management consulting team and has been working in contract management and tech enablement for over 20 years. Craig is a qualified US lawyer who has practiced outsourcing in IT transactional law in New York and is a member of the global advisory board for World Commerce and Contracting. Continue reading “Where Do I Start with Contract Management Technology?”

The Do’s and Don’ts of CLM Implementation: A Comprehensive Guide

Contract Lifecycle Management (CLM) has proven to be a critical component for modern-day organizations seeking to streamline operations, reduce risk, and enhance compliance. In fact, a recent joint report by KPMG Law and the World Commerce and Contracting Association shows that digitizing the contracting process is now a priority for 76% of organizations.

Implementing a CLM can significantly affect how efficient, collaborative, and cost-effective your business is. It can be a complex task but with proper planning, teamwork, and ongoing commitment, your organization can reap its full benefits. In this blog post, we will explore all the best practices as well as things to avoid when looking to implement a CLM.

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