Compared to the past, in today's business landscape, companies are faced with increasing pressure to perform effectively while minimizing their carbon footprint. One aspect of the problem which is hardly ever considered is contract management. Each contract that is written, reviewed, archived, and signed imposes not only administrative cost but also environmental cost-paper usage, electricity usage, and wasteful procedures all contribute to an organization's carbon footprint. Law firms are now investigating how technology, specifically Contract Lifecycle Management (CLM) software, can decrease this footprint while increasing efficiency. In this article, we look at how CLM can drive legal operations transformation, drive sustainability, and create business value-all simultaneously.
