75% of lawyers struggle to cope with their daily tasks, something that is changing thanks to technology and proper project management.

Project management is a concept that is becoming increasingly important in legal teams, where managing projects is usually a complicated task. With 75% of in-house lawyers struggling to cope with their day-to-day tasks, managing people, resources and time in the legal department is becoming increasingly necessary.

Contract Lifecycle Management (CLM) is the key to efficient contract management in all sectors, from the creation of legal documents to their electronic signature

A Contract Lifecycle Management (CLM) solution brings great benefits to companies when it comes to all the work involved in contracts. CLM is a tool that facilitates, economises and secures the management of legal documents of organisations in any sector and must have certain specific functionalities so that companies can make the most of this technology.

The e-signature is one of the most helpful technologies for organisations to adhere to the ESG philosophy while optimising processes of all kinds

Contracts have traditionally been regarded as pieces of paper with a very high value for their owners for all that they entail. Currently, e-signature allows the value of contracts to be maintained but permits them to take their next evolutionary step. The electronic signature helps companies from in all sectors to speed up the hiring of staff and services, while turning offices into paper-free spaces, in line with Environmental, Social and Governance (ESG) criteria.

CLM’s technology addresses the contractual risk associated with legal documents and brings real control to companies' law departments.

Legal documents are part of everyday business life. So is the contractual risk associated with them. Contracts serve to formalise, record and move towards multiple objectives, so working with them is a very delicate task and neglecting them or paying little attention to them becomes a very dangerous trend for organisations. Contractual risk exists at every stage of contracts, but organisations can anticipate and mitigate it through Contract Lifecycle Management (CLM) technology.

Managing the knowledge of companies in an increasingly virtual environment is a complicated task, but it becomes a competitive advantage if done with the right tools

Knowledge is key for companies. Even more in an environment that is increasingly digitised and involved in technology. Knowing to manage that knowledge properly makes the difference between effective or inefficient processes. Understanding and implementing the right tools for knowledge management should be one of your priorities for the business, so let's analyse what KM (knowledge management) is, how it relates to CLM (Contract Lifecycle Management) and how its merger will mark the digitisation of companies.

Agility and security are synonymous with eSignature, a versatile solution for legal departments that is just part of the possibilities offered by legal technology

The digital signature is one of the most useful tools in the drafting of legal documents, due to its agility and security. However, it is only the conclusion of the contractual process. It is the endpoint, the denouement of a much broader procedure.

CLM software makes legal operations of companies no longer inefficient and avoids leaks, lawsuits or fines of millions of dollars

The legal departments of companies have a very high workload which, at the slightest peak of activity, forces them to suffer endless working days and a list of dozens of unopened emails. Although lawyers are used to working under this kind of pressure, and even though we know that lawyers are made of special stuff, it is inevitable to lose control over the processes that are managed on a day to day basis.

In an interview with the Cyber News website, Sergio Esteve de Miguel, Co-CEO of Bigle Legal, talks about the risk reduction and security that CLM offers companies. Legal is the one sector that accepts technology change and developments extremely slowly, but the recent pandemic and generally quickly changing environments are forcing it to pick up the pace.

An in-house lawyer is tasked with preparing a contract with one of his company's suppliers. He accesses the corporation's document management software, fills in a form and, in a matter of minutes, the contract is ready. He sends it, via the platform, to the other party involved. Then he approves their comments directly on the document, and send it back to be digitally signed. Signed and ready, in record time!