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Five contract lifecycle management metrics legal teams should be using and why

LawVu

Contract lifecycle status Having a dashboard which provides a picture of your work at every stage of the contract lifecycle at any given time is a valuable resource. In order to collate a complete dataset which offers meaningful insights, you may well find yourself having to compile information across multiple systems.

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How the right matter management software can optimize the efficiency of your legal operations

LawVu

Overall, by using systems already in play, there are arguably fewer tools to implement and adopt and less spend coming out of the legal department. Lost time equals legal waste As we started to unpack earlier, there’s also the inefficiency or ‘legal waste’ teams experience when relying on multiple systems.

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How to reduce your legal spend in 3 steps

LawVu

What’s more, sending, receiving, and comparing responses from multiple providers within a single system saves much needed time on admin. However, according to Gartner , very few in-house investments into outside legal spend management extend to internal work, with most teams lacking even a basic intake system.

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