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Contract Management and the Bottom Line
Vendor contracts, customer agreements, licenses, trademarks, leases, warranties and other contracts represent the most important documents for corporate legal departments. Companies must manage multiple contractual obligations that have continuously grown in number and scope. The globalization of trade and multicurrency business relationships makes contracts even more complex, and with many companies wearing the hats of the supplier, partner and customer simultaneously, the dynamics become ever more convoluted.
The problem for corporate legal departments is that contract lifecycle management (CLM), as currently handled, is manual, slow, inefficient and ineffective. In fact, 57% of legal technology and contract management professionals responding to a Huron Legal poll expressed concern about their company's contract management procedures. The “Huron Legal Contract Management Survey” mirrors the findings of many other studies. See http://tinyurl.com/ncjr5jy.
New York's Latest Cybersecurity Commitment
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Bit Parts
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
How AI Has Affected PR
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.