PRODUCTS & SERVICES

CounselLink Launches FastTrack to Speed Up Payments to Law Firms

CounselLink FastTrack accelerates cash flow and improves financial predictability by giving corporate legal departments faster access to the funds that are tied up in their client’s invoices. FastTrack is free to CounselLink customers. It offers improvements that make it easier for corporate legal departments to implement rapid pay for law firms. No special integration or technology is required. Any invoice issued between corporate legal and law firms can be applied to FastTrack.

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IN THE NEWS

Thought Leaders in the Legal Trades

The collapse of three large financial institutions in Q1/2023 put legal departments on alert. Olga V. Mack, LexisNexis^® Vice President and CEO of CounselLink CLM, formerly Parley Pro, provided thought leadership perspective for GCs in the following crisis management stories:

• Legal Dive: “Why Legal Teams Got Involved in the SVB Response”
• Legal Tech News and Corporate Counsel: “How GCs can Leverage Technology to Help Businesses Through Crisis”
• Legal IT Insider: “How GCs Can Support the CFO in the Wake of the Silicon Valley Bank Failure”
• ACC Docket: “How GCs Can Team with CFOs to Lead Business Through Crisis”
• Aaron Pierce, LexisNexis Vice President of Product, shares how an integrated ELM and CLM platform provides in-depth benefits to corporate legal departments interested in harnessing the right resources and strategic connections.
  
  Legal Dive: “The Benefits of a Combined ELM and CLM Platform”
• Dan Ruderman, Director of Strategic Alliances, spoke with Bob Ambrogi of LawSites who published the first story about the changing financial payments paradigm between corporate legal and outside counsel.
  
  CounselLink’s FastTrack Changes The Payments Paradigm, Paying Outside Counsel Within Two Days, While Inhouse Teams Get 90 Days to Review Invoices

VIEW ON DEMAND

Future of Contracts Webinar

In this on-demand webinar, Our Future Jobs: AI and Other 21^st Century Contracting Tools, explore the likely impact of ChatGPT, AGI, smart contracts, and other recently on-the-scene technologies set to change how contract drafters work.

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MORE ON CONTRACTS

Put a Contract Execution
Process to Work

Do you have a contract execution process in your legal department? Simply signing a contract does not mean its smooth operation. It’s critical to monitor each aspect of a contract execution plan.

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EVENTS

Attend the CounselLink Customer Conference

You’re invited to the annual CounselLink Customer Conference Sept. 25 – 27, 2023, at the Atlanta Omni Hotel at CNN Center. This year’s conference includes a variety of sessions on enterprise legal management integrations and modules, panel discussions, best practices, contract drafting featuring CounselLink CLM, formerly Parley Pro, and our ever-popular Genius Bar. Registration details coming soon!

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CONTRACTS NEWS

Implement a Contract Management Maturity Model

The CLM Maturity Assessment Model helps you analyze strengths and weaknesses in your CLM processes to determine compliance levels. Discover your contract management maturity level and:

• Identify invisible contract risks
• Improve contract management efforts
• Ease contract compliance
• Measure policy and process improvements

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REGISTER TO ATTEND CounselLink CLM Webinar Join us on June 14, 2023 at 1 p.m. ET for Contract Redlining Deep Dive: What to Say in the Comments. REGISTER NOW

PHARMA LEGAL

Recession Proof Your Pharma Legal Department

Market factors indicate a recession is looming. How prepared is your pharmaceutical legal department to sustain a downtick in the economy? Learn how modernizing technology solutions helps batten the hatches.

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OTHER NEWS

Avoid Corporate Panic When Disaster Strikes with a Solid CLM Defense
By Olga V. Mack

Staying calm in the wake of a disaster is a challenge for almost everyone, but it’s especially important for senior executives who want to protect their companies. Maintaining a measured approach can be even more difficult in a crisis if a company is unprepared for what might threaten their bottom line.

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Elevate DEI in Corporate Legal

Need to better inform or elevate your Diversity, Equity & Inclusion program? CounselLink offers resources to help your legal department do just that. Learn more about how CounselLink ELM provides DEI tools to monitor, track and measure talent recruitment and vendor management. Visit the CounselLink DEI resource page to learn more.

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