Hundreds of integrated contract templates from LexisNexis Practical Guidance; integration with Microsoft Word; AI-enabled “Ask Legal” work intake; and contract linking to matters bolsters contract lifecycle management and enterprise legal management experience in a single, collaborative platform
NEW YORK, May 8, 2024 — LexisNexis® Legal & Professional, a leading global provider of information and analytics, today announced the launch of CounselLink+, a feature-rich legal solution that unites its combined Enterprise Legal Management (ELM) and Contract Lifecycle Management (CLM) platform to integrate matters with contracts and connect to exclusive LexisNexis® resources including hundreds of contract templates from LexisNexis® Practical Guidance, seamless integration with Microsoft Word, and expedited legal assistance for business users with AI-driven support from Ask Legal on Microsoft Teams.
CounselLink+ offers a legal operations hub that integrates contract and financial management tools with LexisNexis content, enabling users to handle work intake, contract management, vendor relations, and outside counsel spend to be managed from a single, customizable platform, delivering greater efficiency for corporate legal departments around the world.
“CounselLink+ is more than just a software solution – it is a strategic partner that helps our customers achieve impressive results and demonstrate their value to their organizations,” said Jeff Pfeifer, Chief Product Officer, LexisNexis North America and UK. “CounselLink+ will enable legal teams to work smarter and faster by integrating all their essential tasks in one platform. Whether it’s managing contracts, overseeing risk and compliance, optimizing legal spend, or collaborating with outside counsel, CounselLink+ provides a seamless and efficient workflow for legal operations.”
Developed with feedback from hundreds of customer interactions, CounselLink+ supports the needs of corporate legal departments with enhanced tools and exclusive new features that are not available anywhere else. Building on CounselLink’s easy-to-use matter management, financial management, CLM, and analytics solution, CounselLink+ includes:
- Unified Workspace: Integrates with exclusive resources (with future integrations planned) including LexisNexis Practical Guidance and Ask Legal on Microsoft Teams; one-click access to the entire LexisNexis ecosystem, offering teams a centralized legal platform to manage their entire workday.
- Contract to Matter Linking: Contracts are directly linked to corresponding matters, enhancing compliance and ease of oversight, while ensuring documentation is accurately aligned with associated legal activities.
- Efficient Contract Drafting: Access to hundreds of contract templates from LexisNexis Practical Guidance, facilitating both standardization and customization across nine key practice areas, integrated with Microsoft Word via the CounselLink+ Word plug-in for seamless drafting from start to finish.
- Enhanced CLM Workflow: Designed for seamless integration, the CounselLink add-in for Microsoft Word facilitates the creation and management of legal documents, streamlining workflows and enhancing productivity.
- AI Legal Support: Available on Microsoft Teams, “Ask Legal” provides AI-generated responses to simple legal questions from business stakeholders and automates requests to the legal department, enabling efficient handling of higher volume requests while maintaining service quality. Ask Legal is currently in early access mode and available to a limited number of users.
“Fluctuating economic factors affecting corporate legal departments create a critical need for trust in a technology solution and provider that enables them to pivot with the changes,” said Sean Fitzpatrick, CEO, LexisNexis North America and UK. “CounselLink+ delivers a comprehensive enterprise legal management solution that drives quality, cost savings, efficiency, and value for corporate legal departments.”
Over the coming months, CounselLink+ will continue to add new, exclusive LexisNexis content and integrations to benefit corporate legal departments.
For more information on CounselLink+, visit www.counsellink.com.
About LexisNexis Legal & Professional
LexisNexis® Legal & Professional provides legal, regulatory, and business information and analytics that help customers increase their productivity, improve decision-making, achieve better outcomes, and advance the rule of law around the world. As a digital pioneer, the company was the first to bring legal and business information online with its Lexis® and Nexis® services. LexisNexis Legal & Professional, which serves customers in more than 150 countries with 11,800 employees worldwide, is part of RELX, a global provider of information-based analytics and decision tools for professional and business customers.
Media Contact
Dana Greenstein
Director of Communications, North America & UK
LexisNexis Legal & Professional
212-448-2163
[email protected]
Tags:
Technology & Media, Capital Markets, Stock Markets, Construction, Small Business, SEO Guide, Retail, Business & Economy, Oil & Energy, Go Media2, iCN Internal Distribution, CE, Extended Distribution, Go Media, PR-Wirein, Google News, IPS, Nexis Newswire, BNN, Reportedtimes, English