Don't buy CLM.
Contract lifecycle management is the worst-performing segment in legal tech. For most organizations, purchasing CLM software and administering it on their own is a failing strategy. They don't have the time or the expertise.
Read our white paper, "Your Contract Lifecycle Management Software Implementation is Likely to Fail: Five Strategies to Keep it from Happening."
Source: "Legal Technology Perspectives." Houlihan Lokey. August 2020.
Avoid the Curve of CLM Disappointment.
Most of the 200+ CLMs on the market have plenty of features. Unfortunately, organizations seldom have the capacity to manage the features or the contracts themselves after onboarding, leading to failure.
Curve of CLM Disappointment
"Our contracts are a mess. We don't know where they are or what we have signed."
Most organizations with executed contracts to manage.
Contract Administration as a Service: Find your contracts in 10 seconds or less and never miss a date.
Curating contracts is not core to your business, but it is core to ours. With LegalSifter Organize Concierge, our contract administration team becomes your contract administration team.
Your team expects to find its contracts in 10 seconds or less and never miss a date. If your data isn't at least 99% accurate, we'll fix it at no additional cost.
How LegalSifter Organize Concierge Works:
World-class contract administration requires an easy deposit process for agreements, easy-to-find information, and easy-to-use storage. LegalSifter Organize Concierge includes all three ingredients.
Easy deposit process.
Your team signs agreements and sends them to us as they are signed. We'll take care of them and any supporting documents.
We'll use Combined Intelligence to organize and deduplicate your data, map amendments, setup alerts, and tailor your repository to you.
If you do not have a CLM, we'll give you one from a partner with unlimited users. If you have a CLM, we'll clean up and administer what you have.
Sample Data Fields
Autorenewal Notice Date
Autorenewal Time Period
Current End Date
Fields for your business (price, product, etc.)
Limitation of Liability
Original End Date
Parent Contract (we map amendments)
Renewal Time Period
Termination for Convenience
And many, many more.
Onboard in weeks.
LegalSifter Organize Concierge clients onboard in six stages, led by a Concierge from our Sifting Services team.
Case Study - LegalSifter administers 40,000 contracts for $20B healthcare manufacturer and distributor.
Our client needed to structure the unique rebate and discount schedules buried in thousands of agreements, impacting millions of dollars in annual revenues and costs. They subscribed to LegalSifter Organize Concierge. We included a repository from ContractSafe for unlimited users, configured it for dozens of contract types, mapped amendments to parent agreements, setup ongoing reports and alerts, and will sift and organize over 2,000,000 fields of data over five years while our client runs their business.
Popular Plans: Client Provides Contract Database*
*A Document Deposit equals one client contract from which LegalSifter will typically extract and organize at least 12 fields of data. Attachments, such as an email, contract draft, proposal, etc. do not count as Document Deposits.