Broadcast Date: Thursday, July 21, 2022
from 1:00 pm to 2:00 pm (ET)
Overview:
Contracts are the lifeblood of any organization. But with overwhelming manual workloads, disorganized storage practices, and the lack of monitoring capabilities, legal departments and contract administrators constantly experience a wealth of problems in managing their contracts.
Without a centralized contract management system, organizations run the risk of revenue leakage, missed milestones, and compliance issues. Hence, companies must develop a contract lifecycle management (CLM) strategy to help them automate workflows, streamline processes, overcome contract bottlenecks, and reduce legal and compliance risks.
Join contract experts Colin Levy and Matt Patel (Malbek) as they delve into an in-depth analysis of the latest contract lifecycle management trends and developments. The speakers will also discuss strategic approaches and tools to help legal teams modernize their CLM processes.
Some of the major topics that will be covered in this course are:
- Contract Lifecycle Management (CLM): Recent Trends
- Key Benefits and Potential Risks
- Designing an Effective CLM Strategy
- Best Implementation Practices and Tools
- What Lies Ahead
Credit:
Course Level:
Intermediate
Advance Preparation:
Print and review course materials
Method of Presentation:
Live Webcast
Prerequisite:
General knowledge of Lifecycle Management
Course Code:
149603
NY Category of CLE Credit: Areas of Professional Practice
Total Credit:
1.0 CLE
How to Claim CLE Credits Per State:
https://knowledgewebcasts.com/how-to-claim-cle-credits-per-state/
CLE State Requirements:
Speaker Panel:
Colin Levy, Director of Legal and Evangelist
Malbek
Colin Levy is the Director of Legal and Evangelist at Malbek and a seasoned corporate lawyer, legal tech speaker, and writer. Throughout his career, he has seen technology as a key driver in improving how legal services are performed. Because his career has spanned industries, he has witnessed myriad issues, from a systemic lack of interest in technology to the high cost of legal services barring entry to consumers. Now, his mission is to bridge the gap between the tech and legal worlds, advocating for the ways technology can be a useful tool in the lawyer’s toolbelt rather than a fear-inducing obstacle to effective legal work. Colin is also a sought-after writer and speaker. His blog was named one of the Top 30 Legal Blogs in 2020. He is a graduate of Trinity College in Hartford, Connecticut and Boston College Law School and currently lives in Weston, Massachusetts.
Matt Patel, COO and Co-Founder
Malbek
Matt Patel has almost 2 decades of CLM and legal tech industry experience, he lives and breathes contract management processes and technology. Throughout his career he has focused on solving complex business use cases, high level of customer satisfaction and leading product teams. As COO and co-founder at Malbek, Matt is focused on overall operational excellence delivering high value with a modern CLM solution to growing organizations. Matt enjoys a variety of hobbies outside of work. In the winter he enjoys skiing with family and friends, and in the summer, he enjoys water gardening in his backyard. When you meet Matt, ask him about his Koi Pond.
Agenda:
Colin Levy, Director of Legal and Evangelist
Malbek
and
Matt Patel, COO and Co-Founder
Malbek
CLM REDEFINED
Contract lifecycle management is not just about contracts. It's about uniting business functions to manage important agreements together in harmony and harnessing contract data to make informed decisions.
- The evolution of legal from “cost center” to value creator
- Freeing up legal’s time spent on contracts by adopting a solution that allows teams to manage contracts collaboratively
CLM READINESS
Understand your use cases.
- What does an ideal outcome for your organization look like? Use the answer to that question to drive your evaluation of solutions.
Understand your existing pain points.
- Where do things go awry in your contracting process most often? Which teams/stakeholders do these broken processes impact the most?
CLM EVALUATION & ADOPTION
Outcomes: What does “good” look like for your organization? What do you want a CLM to improve?
Configuration/User experience: A CLM solution needs to be intuitive to empower business users beyond the legal team. End users and admins should be able to configure templates and workflows independently as business needs change with no reliance on the vendor.
Contract management ecosystem: CLM solutions should be one part of your contract management ecosystem. Extensibility is key. How can CLM support organizational initiatives by seamlessly integrating with existing business systems?
Date & Time:
Thursday, July 21, 2022
1:00 pm to 2:00 pm (ET)
Who Should Attend:
- Contract Administrators
- Contract Managers
- Contract Analysts
- General Counsel
- In-house Counsel
- Deputy Counsel
- Chief Legal Counsel
- Procurement VPs/Directors/Managers
- Head/director of Legal Operation
- Legal Operations Managers
- Director/ VP/ Manager of Sales Operations
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