Legal Data Intelligence: Turning Contract Management into a Strategy for Business Enablement

Created by a volunteer group of industry experts, the Legal Data Intelligence (LDI) model introduces a new paradigm for strategically addressing the intractable data challenges confronting legal professionals today.   

When applied to contract management, Legal Data Intelligence transforms an inconsistent, linear process into a circular one with a strong feedback loop across the entire contract lifecycle. Imagine a multinational corporation implementing a centralized contract management system that stores all agreements in a secure repository, provides automated alerts for key dates, and maintains an audit trail for accountability. Standardized workflows, templates, and clause libraries streamline contract review and execution, while advanced search and reporting tools make it easy to locate terms and track obligations. Such a system reduces legal risk, prevents revenue leakage, and cuts costs by avoiding missed renewals, minimizing errors, and decreasing reliance on outside counsel. By giving legal, procurement, finance, and sales departments a single source of truth, it fosters seamless collaboration and ensures stakeholders always work with the correct and most up-to-date version of each contract.  

In this webinar, LDI Architects will take a deep dive into five fundamental areas at the heart of this transformation: 

• Applying the Legal Data Intelligence Model: Panelists will provide a concrete explanation of how LDI’s holistic approach to separating sensitive, useful, or necessary (SUN) data from redundant, obsolete, or trivial (ROT) data helps get to the bottom of the information that truly matters.

• Choosing the Right Technology: In-house teams are spoiled for choice when it comes to contract technology—but discernment, not abundance, determines value. Panelists will break down the three core technology categories (Contract Lifecycle Management (CLM), extraction and analysis, and hybrid tools) and offer practical guidance on evaluating capabilities, integration needs, and scalability. Attendees will learn how to craft a tailored technology strategy that enhances efficiency, compliance, and insight.  

• Enabling Business Acceleration: By streamlining and automating routine tasks, LDI can allow legal teams to have more time to support business strategy. Panelists will delve into how LDI can help build a more strategic contract management process that effectively reduces the time to revenue as a result of shorter sales cycles, faster contracting, and quicker deal closing.   

• Stakeholder and Change Management: Gaining buy-in and creating genuine enthusiasm among both senior and junior stakeholders is critical to the success of any major project. Attendees will gain actionable insights into value propositions unique for each role and learn how to craft compelling messaging and talking points that foster meaningful discussions and secure buy-in.  

• Turning a Linear and Siloed Approach into a Circular Process of Continuous Improvement: Panelists will illustrate how business and legal teams—when armed with a high-level understanding of how data flows through these stages—can drive continuous improvement, optimize contract performance, and mitigate risk. They will provide examples of how legal professionals can strategically support business objectives by leveraging AI to learn from existing contracts, extract actionable information, and apply those insights to future negotiations.