During a Legalweek(year) panel held in March, PayPal’s director of legal operations Emily Teuben told the virtually assembled crowd that many of her department’s employees were still treating their contract life cycle management system like “a giant electronic filing cabinet.” The company had purchased its CLM system in the hopes that it would make it easier for employees to find and leverage contracts, but many remain stuck playing “Sherlock Holmes,” doggedly tracking down agreements without taking advantage of the modern workflow enhancements the tool had to offer. 

“I agree it’s one of the most adopted technologies. But is it one of the most leveraged technologies or leveraged in the right way? Probably not,” Teuben said.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]