Growing global demand for goods and services has strained legal departments as they are being called on to deliver faster contracting, yet at the same time being asked to maintain the same level of diligence and control over the process. In many instances, the internal legal organizations are not growing at the same pace as the increased demand within the marketplace and the number of contracts being negotiated. As such, legal teams across global organizations are effectively being asked to do more with the same. This increased demand is occurring at a time when regulatory and compliance demands are rising, as are legal risks and business pressures to re-negotiate contracts. Mergers and acquisitions, restructuring and reorganizations can also add a tremendous workstream to the already pressing load.
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