CLM! Not Just Another Acronym.

CLM! Not Just Another Acronym.

27th January 2022

NEXL spoke with Lucy Bassli to extract the foundational aspects of the hottest buzz word in the legal industry today – CLM, otherwise known as Contract Lifecycle Management.


CLM is all about managing the whole lifecycle of a contract.

It allows the lawyer and user to understand how their transaction/business relationship is being dictated.

CLM’s allow the lawyer to stay informed, get all the information and help the client achieve the best outcome.


Whilst somewhat mentioned above, CLM’s are super critical because they look after one of the most important things for lawyers – contracts.

By managing a contract closely and following through various steps, you can ensure everything is being addressed.

It is really important that as lawyers, you empower the beholder of the contract to be able to apply it with the right knowledge and for it to be designed properly.


Essentially, CLM is all about a methodical approach.

It involves asking yourself lots of questions, being structured and not wasting any time on things that don’t matter.

Related Stories

23rd February 2021

It’s the Bottom Line That Matters [Podcast]

"It's the Bottom Line that Matters" podcast is all about providing entrepreneurs and seasoned business executives with actionable nuggets that can be used to immediately help grow their business.

30th July 2021

Client Relationships Matter

How strong are your client relationships? Discover effective strategies to improve the client experience at your law firm.

5th August 2021

Lawyering 2.0

From the perspective of leading professionals, learn about why and how law firms are prioritising the adoption of technology.


Be one of the first to get a copy of the 2021 Global Legal Business Development Report

Get your hands on this exclusive intel, benchmark your efforts against the industry and pick up a few ideas and strategies from the experts.