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The Master Key to Contract Management Efficiencies and Compliance


Level: Advanced
Runtime: 53 minutes
Recorded Date: February 04, 2020
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Agenda


  • Defining Contract Lifecycle Management
  • Contract Risk
  • Constructing a Clause Library
  • Obligation Management Strategies
  • Trying it On
  • Success Stories

Runtime: 53 minutes
Recorded: February 4, 2020

Description

The contract lifecycle is bookended by processes that, if not carefully managed, carry the potential to introduce financial and legal risk in any organization. Compounding the stress is the reality of ever-increasing workloads, without an equally expanding staff.

In this session, we’ll explore efficiencies and risk mitigation delivered to contract management via clause libraries and obligation management practices. Together, these CLM technology features hold the keys to accomplishing more work with fewer hours, while maintaining stronger levels of organizational compliance.

This program was recorded as part of Law.com's Legalweek Conference on February 4th, 2020.

Provided By

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Panelists

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Lee Matthews

New Ventures Strategy Director
Wolters Kluwer ELM

Lee Matthews is the New Ventures Strategy Director at Wolters Kluwer's ELM Solutions, working directly with customers to understand their goals and bring to market new products that help them address their challenges. A member of the product management team, he leverages a blend of business development, technological, and legal expertise to expand the ways in which ELM Solutions engages with customers to help them achieve their organization's business goals.

Lee has been with ELM Solutions since 2009 and was previously a member of the professional services department, where he worked as a strategic consultant with clients. Prior to joining ELM, he was a private wealth advisor to high net worth individuals at Bear Stearns & Co. In addition, Lee is an adjunct professor at the Springfield College School of Health, Physical Education & Recreation. He received his Bachelor of Arts degree from Boston University and his Juris Doctor degree at Western New England College School of Law. Lee is licensed to practice law in the State of Connecticut.

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Lauryn Haake

Managing Director
HBR Consulting

Lauryn serves as a managing director in the Legal Technology practice within the Advisory business at HBR Consulting (HBR) and has over two decades of experience in technology, operations and consulting. She has worked in all facets of the business, from law firms to a Fortune 500 corporation, to legal software companies and consulting firms. Lauryn has a history of mastering complex business problems for her clients, using her unique work experience to blend process and technology and come up with solutions tailor-made for their success. Lauryn focuses on connecting the needs of the law department with the needs of the enterprise.

Lauryn is considered a thought-leader in the area of contract lifecycle management (CLM) and is a frequent speaker and author on the topic. She leads contract lifecycle management teams for technology implementations, process design and CLM program management. She also has extensive experience in legal matter management and e-Billing implementations, entity management, document management and claims management solutions.

Lauryn has a degree in Finance and a master’s degree in Information Systems. When she is not working hard for her clients, Lauryn enjoys spending time with her husband and four children, as well as being a voracious reader and incurable trivia addict.


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