Contractual risk: how to identify, manage and mitigate it

Posted by Bigle Legal on Apr 13, 2022 3:56:15 PM

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.

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Topics: Legal tech, CLM, Contract Lifecycle Management, contracts, contract risk management

ESignature: the tip of the CLM iceberg

Posted by Bigle Legal on Mar 8, 2022 1:52:52 PM

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.

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Topics: Contract management, Legal tech, electronic signatures, CLM, Contract Lifecycle Management

Avoid legal contingencies in your company thanks to CLM

Posted by Bigle Legal on Mar 3, 2022 1:46:29 PM

 

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.

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Topics: Legal industry, Contract management, Legal tech, CLM, Contract Lifecycle Management

CLM, the document management revolution

Posted by Bigle Legal on Feb 8, 2022 2:44:15 PM

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!

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Topics: Contract management, Legal technology, Legal tech, Legal Operations, CLM, Contract Lifecycle Management

Document automation: reduce paper use for a cleaner planet

Posted by Bigle Legal on Jan 20, 2022 10:30:08 AM

Nowadays, paper consumption is still very high in the workplace, despite the obvious damage to the environment caused by the production of this material and its mass consumption. Fortunately, document automation technology is helping to reduce paper consumption by offering cloud-based software to professionals in all types of industries. Paper is necessary for many professions, but reducing its use not only helps the planet but also brings benefits to companies.

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Topics: Document automation, Legal industry trends, Legal industry, digital transformation, Legal tech, software

Turn contract management software into your best ally

Posted by Bigle Legal on Nov 11, 2021 8:25:00 AM

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.

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Topics: Contract management, Artificial intelligence, innovation, technology, Legal tech

Top 5 Legal Operations Trends in 2021

Posted by Sergio Esteve De Miguel on Jul 1, 2021 9:22:09 AM

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.

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Topics: Contract management, digital transformation, Legal tech, Legal Operations

How are contract management software reshaping businesses?

Posted by Javier Peris Ayala on Jul 14, 2020 8:45:00 AM

You can witness that advanced tech solutions are becoming an essential parts of almost every contemporary industry. Traditional ones are recognizing the benefits of the software tech assistants while the new industries are built on them.

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Topics: Document automation, Contract management, Legal tech

The expanding horizon of AI in Legal tech and its impact on different legal professions

Posted by Bigle Legal on Jan 21, 2020 10:34:21 AM

Artificial Intelligence systems are becoming significantly important to Legal technologies nowadays. We can all see how AI has already found a way to support advocates and clients positively and efficiently. At the same time, the investments in the legal tech are skyrocketing and that is mainly because the demand for new innovative tools that enhance the legal process is higher than ever.

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Topics: Legal industry, Artificial intelligence, Legal tech