Retooling Your Contract Process for the Downturn

, New York Law Journal

Company law departments haven't been spared the pressures of the current economic crisis. Rather than the typical, unimaginative cost cutting, says consultant Kenneth A. Adams, what's called for is rethinking the way the law department operates. One area that's ripe for simplification is a company's contract process -- or more specifically, the process a company uses in drafting, negotiating, signing, archiving and monitoring performance under a high volume of commercial contracts.

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