{"id":21740,"date":"2021-10-22T12:04:59","date_gmt":"2021-10-22T16:04:59","guid":{"rendered":"https:\/\/gutenberg-atl.staging.breakingmedia.com\/legal-innovation-center\/?p=21740"},"modified":"2022-09-09T13:08:34","modified_gmt":"2022-09-09T17:08:34","slug":"law-firms-are-dropping-the-ball-on-contract-management","status":"publish","type":"post","link":"https:\/\/abovethelaw.com\/legal-innovation-center\/2021\/10\/22\/law-firms-are-dropping-the-ball-on-contract-management\/","title":{"rendered":"Law Firms Are Dropping The Ball On Contract Management"},"content":{"rendered":"<p><span style=\"font-weight: 400\"><a href=\"https:\/\/gutenberg-atl.staging.breakingmedia.com\/legal-innovation-center\/the-legal-tech-non-event\/legal-operations-contract-automation-engagement-management\/\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-19397 alignright\" src=\"https:\/\/abovethelaw.com\/wp-content\/uploads\/sites\/4\/2021\/05\/ATL-Legal-Tech-Non-Event-Promo-Image-1-300x174.png\" alt=\"\" width=\"300\" height=\"174\" srcset=\"https:\/\/abovethelaw.com\/legal-innovation-center\/wp-content\/uploads\/2021\/05\/ATL-Legal-Tech-Non-Event-Promo-Image-1-300x174.png 300w, https:\/\/abovethelaw.com\/legal-innovation-center\/wp-content\/uploads\/2021\/05\/ATL-Legal-Tech-Non-Event-Promo-Image-1-768x445.png 768w, https:\/\/abovethelaw.com\/legal-innovation-center\/wp-content\/uploads\/2021\/05\/ATL-Legal-Tech-Non-Event-Promo-Image-1.png 879w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>Contracts are the lifeblood of business obligations. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Yet, law firms and businesses often just wing it, when it comes to contract management; in fact, 83% of law firms do not use contract management software.<\/span><\/p>\n<p><span style=\"font-weight: 400\">In this episode of the Non-Eventcast, we talk over the essential importance of contract management software, with four experts in the field. <\/span><\/p>\n<p><span style=\"font-weight: 400\">We discuss the features of case management software (14:03), and how those systems can increase efficiency for both law firms and businesses. <\/span><\/p>\n<p><span style=\"font-weight: 400\">We also talk over how contract management software promotes collaborative work, which can be a boon for younger attorneys (20:35). <\/span><\/p>\n<p><span style=\"font-weight: 400\">Lastly, everybody gets in on a conversation about top system features (22:45), and the future of contract management software (23:58).\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">If your contract management process leaves a lot to be desired, this is a show you won\u2019t want to miss. And download our buyers guide <a href=\"https:\/\/gutenberg-atl.staging.breakingmedia.com\/legal-innovation-center\/the-legal-tech-non-event\/legal-operations-contract-automation-engagement-management\/\" target=\"_blank\" rel=\"noopener\">at the Non-Event<\/a> or with the form at the bottom of this post to see how easy an upgrade can be.\u00a0<\/span><\/p>\n<iframe border=\"0\" class=\"shortcode_iframe\" frameborder=\"0\" scrolling=\"auto\" allowtransparency=\"true\" scrolling=\"auto\" src=\"\/\/html5-player.libsyn.com\/embed\/episode\/id\/20637971\/height\/90\/theme\/custom\/thumbnail\/yes\/direction\/backward\/render-playlist\/no\/custom-color\/87A93A\" width=\"100%\"height=\"90\"><\/iframe>\n<p>&nbsp;<\/p>\n<p><strong>Highlights<\/strong><\/p>\n<ul>\n<li>Who are the guests? &#8211; 1:19<\/li>\n<li>What do they do on Halloween? &#8211; 3:19<\/li>\n<li>Why is it important for law firms to use contract management software? &#8211; 8:07<\/li>\n<li>Once you start automating and start using contract management software, you free up time and are able to focus on other tasks. &#8211; 12:08<\/li>\n<li>Features of a Contract Management Software. &#8211; 14:03<\/li>\n<li>There\u2019s more focus on collaborative work: Younger attorneys are more open to collaboration. &#8211; 20:35<\/li>\n<li>The biggest shift or feature that you\u2019ll start to see is the usability of the product that you want to use. &#8211; 22:45<\/li>\n<li>The future of Contract Management Software. &#8211; 23:58<br \/>\nContracts are written for people to understand. &#8211; 30:46<\/li>\n<\/ul>\n<p><strong>Resources<\/strong><\/p>\n<ul>\n<li style=\"list-style-type: none\">\n<ul>\n<li>Connect with Jared Correia<br \/>\n<a href=\"mailto:jared@redcavelegal.com\">jared@redcavelegal.com<\/a><br \/>\n<a href=\"https:\/\/redcavelegal.com\/\">https:\/\/redcavelegal.com\/<\/a><br \/>\n<a href=\"https:\/\/www.linkedin.com\/in\/jaredcorreia\">https:\/\/www.linkedin.com\/in\/jaredcorreia<\/a><br \/>\n<a href=\"https:\/\/twitter.com\/RedCaveLegal\">https:\/\/twitter.com\/RedCaveLegal<\/a><\/li>\n<li>Connect with the Rik Nauta, Will Reynolds, Jerry Levine and Kevin Miller<br \/>\n<a href=\"https:\/\/legalsifter.com\/\">https:\/\/legalsifter.com\/<\/a><br \/>\n<a href=\"https:\/\/contractworks.com\/\">https:\/\/contractworks.com\/<\/a><br \/>\n<a href=\"https:\/\/www.donna.legal\/\">https:\/\/www.donna.legal\/<\/a><br \/>\n<a href=\"https:\/\/contractpodai.com\/\">https:\/\/contractpodai.com\/<\/a><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<script>\n\t\t\t\tdocument.addEventListener(\n\t\t\t\t\t'hbsptLoaded',\n\t\t\t\t\tfunction (e) {\n\t\t\t\t\t\thbspt.forms.create({\n\t\t\t\t\t\t\tportalId: '470182',\n\t\t\t\t\t\t\tformId: '4b302f23-682c-46a1-9b7b-7e32f5674f9f',\n\t\t\t\t\t\t\ttarget: '#hubspot-form-4b302f23-682c-46a1-9b7b-7e32f5674f9f',\n\t\t\t\t\t\t});\n\t\t\t\t\t}\n\t\t\t\t);\n\t\t\t\t<\/script>\n\t\t\t\t<div id='hubspot-form-4b302f23-682c-46a1-9b7b-7e32f5674f9f'><\/div>\n","protected":false},"excerpt":{"rendered":"<p class=\"summary\">The good news is that it&#8217;s easy to do better. <\/p>\n","protected":false},"author":136517,"featured_media":19397,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[18,11],"tags":[8456,22,3277,1292,329,8849,9002,359,112,7],"class_list":["post-21740","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-sponsored-content","category-technology","tag-atl-non-event","tag-in-house-counsel","tag-jared-correia","tag-legal-operations","tag-legal-technology","tag-non-event","tag-non-eventcast","tag-practice-management","tag-small-law-firms","tag-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - 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