Major organizations rely on contracts to define a big part part of their business. But sub-par processes are undermining efficiency and effectiveness in the general counsel’s office. Our affiliate Insidecounsel.com writes that Exari recently surveyed over 90 in-house lawyers and general counsel to better understand the impact of contracts trends and pain points on productivity and risk assessment at organizations handling large volumes of contracts. The report includes the findings, as well as tactics for preventing key contract information from slipping through the cracks.
A big takeway is this: The findings revealed that a majority of GCs see gaps in their contract drafting and storage processes, highlighting the risks associated with poor management of corporate contracts across the enterprise.
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