What's Happening?
A webinar hosted by Workday and Above the Law is set to explore the complexities of contract ownership, identified as a significant blind spot in the legal industry. The session will delve into findings from a global study that surveyed nearly 7,000 individuals
across 10 countries, revealing widespread confusion about contract ownership. The webinar aims to address the implications of this issue, highlighting the financial and operational impacts on businesses. Legal professionals and business leaders will discuss strategies to bridge the gap between organizations that have effectively managed contract ownership and those that have not.
Why It's Important?
Understanding and managing contract ownership is crucial for legal and business operations. Mismanagement can lead to revenue loss, compliance issues, and inefficiencies. The webinar's insights could help organizations improve their contract management processes, leading to better business intelligence and decision-making. For legal teams, addressing this blind spot can enhance their role in strategic planning and risk management. The discussion is particularly relevant as businesses increasingly rely on contracts to govern complex relationships and transactions.
What's Next?
The webinar, scheduled for July 29th, will provide participants with actionable insights and strategies to improve contract management. Attendees can expect to learn about the latest trends and technologies in contract lifecycle management. The session will also offer Continuing Legal Education (CLE) credits, encouraging legal professionals to engage with the content. Organizations that adopt the recommended practices may see improvements in efficiency and profitability, while those that do not may continue to face challenges in contract management.
