LexisNexis® CounselLink+™ has been honored with the celebrated title of “Contract Lifecycle Administration Platform of the Yr” within the 2024 LegalTech Breakthrough Awards. This recognition highlights our dedication to driving innovation and excellence within the international authorized business.
Revolutionizing Contract Lifecycle Administration
CounselLink+ represents the following technology of contract lifecycle administration, seamlessly integrating our Enterprise Authorized Administration (ELM) and Contract Lifecycle Administration (CLM) platforms. This highly effective resolution unites issues with contracts, offering authorized professionals with a complete software to handle the complete contract lifecycle effectively.
With CounselLink+, customers acquire entry to a whole bunch of LexisNexis® Sensible Steering® contract templates, guaranteeing each standardization and customization throughout 9 key observe areas. The platform’s intuitive interface, sturdy options, and seamless integration with Microsoft Phrase allow authorized groups to create, overview, negotiate, and execute contracts with ease.
Enhancing Effectivity and Compliance
One of many standout options of CounselLink+ is its capability to hyperlink contracts on to corresponding issues, enhancing compliance and oversight. The doc administration system ensures that every one contract-related paperwork are securely saved, accessible, and version-controlled, offering a unified workspace for authorized professionals.
The platform’s superior analytics and AI monetary instruments provide invaluable insights into contract efficiency, serving to authorized groups optimize their processes and handle authorized spend extra successfully. Moreover, the AI-driven assist from “Ask Authorized” on Microsoft Groups automates responses to easy authorized questions and streamlines requests to the authorized division.
Dedication to Innovation
We wished to reinforce CounselLink to empower authorized professionals with cutting-edge instruments and streamlined processes that pave the way in which for a extra environment friendly and efficient contract lifecycle administration expertise. The result’s the one built-in ELM and CLM resolution with content material from LexisNexis that was developed with suggestions from a whole bunch of shoppers.
Insights from LegalTech Breakthrough
“CounselLink+™ empowers authorized groups to work extra successfully and helps authorized departments with enhanced instruments and unique options that aren’t obtainable wherever else. When managing contracts, authorized groups require seamless communication and clear entry to vital info and paperwork. Inefficient workflows and guide methods can complicate the contract lifecycle,” mentioned Bryan Vaughn, Managing Director, LegalTech Breakthrough. “By combining workflow enhancements with contract administration, CounselLink+ provides a single authorized operations hub that integrates contract and monetary instruments with LexisNexis content material to ship higher effectivity for company authorized departments. CounselLink+ is our choose for ‘Contract Lifecycle Administration Platform of the Yr!’”
The LegalTech Breakthrough Awards program is devoted to recognizing the highest expertise firms, options, and merchandise within the authorized expertise business. This yr’s program attracted hundreds of nominations from over 12 completely different international locations, showcasing the very best in authorized tech innovation.
