LCT

Introduction In a rapidly evolving regulatory and business landscape, legal departments are expected to manage increasing contract volumes, ensure compliance, and deliver strategic value while controlling costs. Traditional contract management methods, often manual and fragmented, are no longer sufficient to meet these demands. Investing in digital Contract Lifecycle Management (CLM)…

Introduction In heavily regulated industries such as healthcare, finance, pharmaceuticals, and energy, strict adherence to legal and regulatory standards is critical. Non-compliance can result in severe penalties, reputational damage, and operational setbacks. Contract Lifecycle Management (CLM) solutions offer a structured and technology-enabled approach to managing contracts that significantly enhances regulatory…

Introduction Contract Lifecycle Management (CLM) in Legal Tech represents the integration of technology to manage contracts from initiation through execution, performance, and renewal or expiry. As legal departments and law firms increasingly embrace digital transformation, CLM systems provide a structured and automated approach to contract administration. These systems not only…