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.

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.

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!

Companies handle an enormous number of documents nowadays. Whatever their activity sector is, their legal, human resources, sales and, in general, almost all departments manage a large contract, template and report amount. Document automation is a solution that makes it possible to deal with this chaos of paper that takes up folders and folders. It is a technological solution that also helps companies to leap digitalisation and provides them with great flexibility.

Document management is the way in which companies or organisations classify, secure, approve and complete elements related to the management of the company or organisation. Legal and HR teams in companies manage a large number of documents every hour, every day and almost every minute. Document management is time-consuming and, in the face of high workflows, leads teams to perform less efficiently and make mistakes.

At Bigle Legal we want to conquer the European legaltech market and we have just taken a solid step on that path thanks to a new investment round of two million euros. Led by Adara Ventures and ICF Venture Tech II, the round will allow us to increase our team size to add even more talent to our ship of Biglers.

What are legal operations?

Legal operations are the essence of every corporation. The legal industry is evolving with increased demand for legal services that continue to be trending in any form of business. It is responsible for producing efficient plans for in-house legal teams and enhances their work proficiency with better decision strategies. The set of activities are much broader comprising intra- and inter-functional collaboration, innovative legal solutions to the clients, managing financial matters, technology, vendor management, data analysis to maximize the effective delivery of legal services. CLOC's model is based on twelve core competencies that are divided into 3 layers, specifically foundational, advanced, and mature level competencies. In other words, legal operations have turned down the concept of in-house legal from "cost center" to "value-creator".

In recent times, legal operations have morphed into a rather flexible aspect of most functional organizations driven by the need to provide business returns. Initially, in-house legal teams were tasked with mostly esoteric legal duties which could be executed by outsourcing.