Contract Management vs. Contract Discovery – Big Difference, Bigger Opportunity

Baker Donelson
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Legal departments are increasingly tasked with tracking a multitude of contracts. These agreements are typically scattered throughout the enterprise, and keeping track of them is often the most time consuming and costly part of the process. While companies need a centralized repository to manage all contracts across their lifecycle, significant and often untapped value lies within each contract. Their provisions can be utilized for far greater, tangible purposes, such as enabling higher profits, recovering lost revenue, creating new See more +
Legal departments are increasingly tasked with tracking a multitude of contracts. These agreements are typically scattered throughout the enterprise, and keeping track of them is often the most time consuming and costly part of the process. While companies need a centralized repository to manage all contracts across their lifecycle, significant and often untapped value lies within each contract. Their provisions can be utilized for far greater, tangible purposes, such as enabling higher profits, recovering lost revenue, creating new business opportunities, improving business terms, and more. There has never been an easy or cost effective way to "discover" the contents and utilize opportunities in enterprise agreements, until now. "Contract Discovery" is finally here.

Please join LegalShift, an independent affiliate of Baker Donelson, and learn about the rapidly evolving capabilities of contract leverage. Our team will highlight the differences between "Contract Management" and "Contract Discovery," and share both the opportunities and a roadmap to help you become more than a corporate cost center.

General counsel are recognizing that outside counsel innovation and management practices can reduce costs and improve results. This webinar series will cover the latest developments in legal process and automation innovation. Each session will include industry leaders that are driving change across the legal landscape and will provide an inside look at changes being adopted by law departments.

Baker Donelson has been growing our suite of innovation services for nearly 20 years, making it among the most comprehensive in the legal industry. We combine the latest technology with an experienced team of attorneys and professionals who focus solely on innovation to add value to our clients' legal matters. Through this continued investment in our suite of services, we deliver efficiency, flexibility, and better communication and collaboration with our clients. Learn more at www.bakerdonelson.com/innovation. See less -

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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