ANALYSIS: How Legal Can Tame Contract Management Tools

The adoption of new contract management tools has been at the forefront of legal department initiatives for several years. Historical Bloomberg Law survey data show that contract management technology has been the top priority for tech investment for in-house teams since we started collecting this information in 2020.

The survey data also show that contract management tools consistently rank in the top five most-used technology tools by in-house teams. The use of these tools is likely to grow, and they will probably become an industry standard for legal departments in the near future—if they can overcome the implementation challenges that ...