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Course Details

Course Information
  • smart_display Format

    On-Demand

  • signal_cellular_alt Difficulty Level

    Intermediate

  • work Practice Area

    Commercial Law

Date & Time
  • event Date

    Tuesday, January 28, 2025

  • schedule Time

    1:00 p.m. ET./10:00 a.m. PT

  • timer Program Length

    90 minutes

Credit Information

  • This 90-minute webinar is eligible in most states for 1.5 CLE credits.

$297.00

This CLE course will provide in-house counsel with comprehensive insights into creating and managing contract playbooks. The panel will discuss the essential components of an effective contract playbook, strategies for implementation, and best practices for maintaining and updating these playbooks to ensure consistency and compliance across the organization.

Faculty

Bassli Lucy
Shareholder
InnoLaw Group, PLLC

Ms. Bassli is an attorney, author of CLM Simplified and The Simple Guide to Legal Innovation, and Founder and Principal of InnoLaw Group. Previously, she was a former Assistant General Counsel of Legal Operations and Contracting at Microsoft. While at Microsoft, Ms. Bassli redefined how legal work is done and created one of the first managed service engagements with a law firm. She was tapped to teach the Legal Operations course for Suffolk University Law School’s Legal Innovation & Technology Certificate Program. Ms. Bassli has a partnership with Dentons, the world’s largest law firm, to deliver operations consulting to corporate legal departments. She is a highly sought-after legal industry expert who works with corporate legal departments and law firms on legal service delivery, automation, smart risk-taking and alternative resourcing models. Ms. Bassli educates and consults with lawyers to take best practices in the legal industry to a new level. She is also a strategy advisor for LawGeex, an AI legal start-up that automates contract review services.

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Jummati Mary
Shareholder
Morae Global

Ms. Jummati's role extends to the development and implementation of innovative solutions and services, addressing the unique business challenges faced by clients in the legal industry. She possesses a keen understanding of the specific needs of clients, collaborating with cross-functional teams to design and deliver tailored solutions. Working closely with clients, Ms. Jummati identifies opportunities for process improvement, cost optimization, and efficiency gains within their legal operations. Dedicated to staying at the forefront of industry advancements, she remains abreast of trends, emerging technologies, and regulatory changes, ensuring the firm delivers cutting-edge legal solutions. Ms. Jummati provides expert advice and insights to clients on complex legal matters and industry-specific challenges, solidifying her reputation as a trusted legal advisor.

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Description

Contract playbooks are invaluable tools for legal departments, providing standardized guidelines and templates to streamline the contract drafting and negotiation process. These playbooks help ensure that all contracts adhere to the organization's policies and legal standards, reducing the risk of errors and inconsistencies.

Creating a contract playbook involves collaboration with various departments, including sales, procurement, and compliance, to develop standardized clauses and fallback positions. Once established, these playbooks must be regularly updated to reflect changes in laws, regulations, and company policies.

This webinar will explore the key elements of a successful contract playbook, including the development of standard clauses, the integration of technology for efficient management, and strategies for training staff on the use of the playbook. Our expert panel will also discuss common challenges and solutions in maintaining and updating contract playbooks.

Listen as our panel equips legal professionals with the knowledge and tools needed to create, implement, and maintain effective contract playbooks, ensuring consistency and compliance in contract management. Join us to learn from industry experts and enhance your contract management practices.

Outline

  1. Overview: importance of contract playbooks
    • Benefits and utility
    • Key elements
    • Role of legal department
  2. Developing a contract playbook
  3. Implementing the playbook
  4. Maintaining and updating the playbook
  5. Leveraging technology
  6. Common challenges and solutions

Benefits

The panel will review these and other key issues:

  • What are the essential components of an effective contract playbook, and how can they streamline the contract drafting and negotiation process?
  • How can legal departments collaborate with other stakeholders to develop standardized clauses and fallback positions?
  • What strategies can be employed to ensure successful implementation and user adoption of the contract playbook across the organization?
  • How can regular updates and maintenance of the playbook ensure compliance with evolving laws and company policies?
  • What technological tools and software can enhance the management and accessibility of contract playbooks?
  • How can legal professionals address common challenges and resistance to change when introducing a contract playbook?
  • What are best practices to mitigate risks and ensure consistency in contract management?