This document discusses contract management software options for small legal teams. It notes that traditional tools like filing cabinets and shared drives are inefficient for contract management. It then introduces contract management software as a solution, highlighting its benefits like increased organization, visibility into contracts, and time savings. The document also addresses common concerns small teams have with budget, implementation time, and scalability, explaining how affordable and easy to implement current software options are. It promotes contract management software as an effective solution even for small legal departments.

1. Contract Management
Software for the Small
Legal Team

2. Introduction
Small legal departments already have so many things on
their plate—budgets and billing, administrative tasks,
fielding questions for other managers, CEOs and C-level
executives, etc. — contract management can easily fall
by the wayside.
More info about ContractWorks visit www.contractworks.com. 2

3. Did you
Know?
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4. Traditional Tools for
Contract Management
From filing cabinets to shared drives to
Automation - the past, present, and future of
Contract Management
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5. “
The breakdown of Legal
Departments utilizing
legal tech to manage their
contracts:
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● Small Teams: 52%
● Medium Teams: 36%
● Large Teams: 63%
● Overall: 45%

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Top Three Legal Tech Solutions
Used by Legal Departments

7. What’s holding you back?
Budget, time, and scalability are the top three reasons legal
departments put off implementing contract management
software.
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8. Price: A Changing Landscape
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the result of the absence of or
complete absorption of light.
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9. Time & Implementation Fatigue
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10. Scalability: Will your solution
grow with your company?
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11. The Future of Contact
Management: Technology
According to a 2018 survey, 52 percent of
small legal departments said that they have
increased their use of technology in recent
years, and more than one-third of them plan
to expand their tech budget. What’s more, 18
percent of legal departments are currently
looking to procure a software solution for
contract lifecycle management.
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12. Do More With Less!
Contract Management
Software
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Why Small
Teams Need
Contract
Management
Software
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14. No Longer Out of Reach
In the past, small legal departments often
believed that contract management software
was out of reach and not the right fit for their
organization—and many of them were
probably right. Enterprise-level contract
management software is often too expensive
and unwieldy to suit the needs of smaller,
more agile companies.
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15. The Time is Now!
Today’s contract management solutions have
additional capabilities and reduced costs that
are well suited to the needs of small and
medium-sized legal departments. Small
teams now have much to gain, and little to
lose, by trying contract management
software for themselves.
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Learn more about how small
legal teams can benefit from
contract management software
Click here to Download your copy today!
The Contract Management Software
Guide for the Small Legal Team
Why you don’t have to be a team of twenty to reap the
benefits of contract management software

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Ready to take control
of your contracts?
Contact us today!
866.700.7975
● sales@contractworks.com
● www.contractworks.com

18. References
● Thomson Reuters, Legal Tracker LDO Report, 2018
● Thomson Reuters, Legal Tracker LDO Index: Benchmarking and Trends Report, 2018
● MarketWatch, 88% of spreadsheets have errors, 2013,
● Technology Review, Lawyer-Bots Are Shaking Up Jobs, 2017
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