Law Insider reposted this
Thanks to Preston Clark, Zach Abramowitz and Daniel Lewis who hosted an excellent virtual session earlier this week about CLM (Contract Life-cycle Management) software. In summary, here's some of their advice to in-house teams: 🛑 DON’T start with: “What can a CLM do?” ✔DO start with: “What problems am I trying to solve?” 🛑 DON’T try to solve all of those problems at once ✔ DO ask any vendor for relevant case studies, with real KPIs achieved that align with what you want to achieve 🛑 DON’T acquire a CLM with full end-to-end functionality and implement it all at the same time ✔ DO look at point solutions, “best of breed” 🛑 DON’T ignore your organisation’s current enterprise software / tools ✔ DO aim for employee happiness as a project goal! Law Insider #inhouselegal Crafty Counsel