Today marks the release of Exari 5.2, which proves that little things can make a big difference. Rather than one or two headline-grabbing new features, 5.2 tweaks and enhances a wide range of existing features, all of which add up to a better user experience and better business outcomes.
From time to time we like to remind people that formatting matters. And what better way to scare you into paying attention than to burn down your house? Not because you left the heater too close to the drapes. But because a windstorm ripped the power cables off the front wall, set fire to your favorite shrub, which then set fire to your house.
I'm sure the horse business looked great in the 20 years leading up to the arrival of the motor car. And the photographic film business probably grew very nicely in the 20 years prior to the arrival of digital cameras. Which is why law firm partners should think twice before buying that tropical island with the landing strip for the private jet.
We've written before about the "one size fits all" approach to contracting, and the problems it can create. Now IACCM President Tim Cummins has blogged about the same problem, with some interesting new research data.
If you want to create tighter contracts without huge legal bills, then drop by the Exari booth (3114) at RIMS. We’ll be more than happy to show you the latest web-based tools for creating great contracts, with a whole lot less risk.
In the United States, legal industry consultants have been publishing law department benchmarking reports for years. (See, for example, the annual law department surveys produced by Hildebrandt and Altman Weil.) Such reports provide the proactive general counsel with lots of useful information for analyzing the current performance of his or her department against that of industry peers and taking corrective action where appropriate. Unfortunately, similar data is far less common for legal departments in other countries.
As mentioned in a previous post, the ACLA/CLANZ Legal Department Benchmarking Report 2008 found that Australian and New Zealand general counsel overwhelmingly view workload / time pressure as the most pressing issue they face.
Each year, the International Association for Contract & Commercial Management (IACCM ) conducts a survey of negotiated contract terms. For 2007, the top 10 negotiated terms (according to participants from in-house legal, contract management and procurement groups in 800 organizations) were:
I don’t like February 29th. It creates too many problems.
But what is Contract Lifecycle Management? While there’s no single definition, it encompasses an organization’s entire contracting process.