Management Information is the Key to Improving the Velocity and Value of Commercial Contract Review

In this fourth and final article in our series on commercial contract review and outsourcing we cover the importance of “management information” in contract review. When a company has access to the information it needs to assess and analyze its commercial contracts, and the means by which they move through legal review, it has the opportunity to better manage the entire process—creating more efficiencies and maximizing value for shareholders in the process.


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Why Companies Need a “Playbook” to Outsource Commercial Contract Legal Review to an ALSP

In this third installment in our series on optimizing the review of commercial contracts, we address the issue of legal review of commercial contracts. At the core of legal review is ensuring that the right person with the right training is allocated contracts within the sweet spot of his or her expertise. From there, it’s all about having effective processes in place to move contracts through the system.


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Law School Applicants On The Rise?

While we’ve seen law schools close, merge or suspend enrollment over the last few years, it’s not uncommon for many to assume that a legal degree has somewhat lost its luster.  However, it seems we may be mistaken.  The legal industry recently felt a glimmer of hope fueled by applicant data and new testing options.

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When A Picture Speaks A Thousand Words

If you are staring at a text message trying to decipher what the crazy looking emoji means but find yourself failing miserably, you’re not alone.  The legal industry is right there with you for the time being.  Attorneys have a challenging task when it comes to the interpretation of data, given the explosion of texting and social media.  Add emojis and emoticons to that equation and many attorneys find themselves navigating unchartered waters.

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Meet Our Latest Legal Visionary

Every year, Lumen Legal attends two or more Masters Conferences. We find that they are an invaluable way to stay on top of the latest technology developments impacting the legal industry. They are usually a single day in a major city. In addition to excellent speakers, we have also met many like-minded clients at these conferences whether they’re in Chicago, Washington D.C. or Orlando.

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Why Lumen Legal Runs On EOS

Lumen Legal uses the Entrepreneurial Operating System (EOS) to run our company.  Every company has an operating system whether it has a name or not.  It’s the way it organizes all its human energy to meet, solve problems, plan, prioritize, follow process, communicate, measure, provide structure, clarify roles, lead and manage.

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Dear White House: Record Retention Is A Big Deal

During the George W. Bush Administration, an investigation found that senior White House Staff were using Republican National Committee (RNC)  email accounts to conduct official business.  The problem was that these emails were not preserved as required by the Presidential Records Act.  How many emails?   Approximately 22 million emails were destroyed.

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Our Newest Legal Visionary: Debbie Reynolds

At Lumen Legal, we enjoy connecting with what we call legal visionaries.  A visionary is someone in the legal field who is setting the pace, thinking creatively and pushing us all to do our best.  This quarter, we spoke with Debbie Reynolds who is an expert when it comes to data privacy and its impact on e-discovery.  As a Director at EimerStahl Discovery Solutions in Chicago, this topic is a daily part of her life.

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