The Rapidly Changing Landscape of Commercial Contracting
The world of commercial contract negotiation and processing is in a transformative shift due to the fusion of game-changing legal technology and global work processes. The dynamic developments in this field offer exciting opportunities for corporate counsel and law firms to augment their traditional practices through innovative new tools and the increasing globalization of their service offerings. Nowhere is this more apparent than in the legal functions of large multinational companies, where the processing of legal agreements has changed dramatically in recent years. These companies, which often negotiate and monitor tens of thousands of agreements per year in the course of normal business processes, have been early adopters of technology and international legal outsourcing as a way to substantially lower costs and better cover the global nature of their business operations.
