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Contract management.

For legal departments, implementing and operating a contract management platform in-house can be a timely and expensive affair. But according to the Corporate Legal Operations Consortium’s “2017 State of the Industry Survey,” contract management deployment among legal departments is fairly high, though the market and the technology are less mature than many would want.

The findings are based off a survey of 158 corporations across 34 states and 11 countries. Of those, 54 percent said their legal department used a corporate management system. Among those 84 companies, there were 33 contract management vendors used, though six technology providers accounted for over half of all deployments.

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Rhys Dipshan

CT-born, New York-based legal tech reporter covering everything from in-house technology disruption to privacy trends, blockchain, AI, cybersecurity, and ghosts-in-the-machine. Continually waiting for law to catch up with tech. (It's like waiting for Godot, but without the clowns)

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