Contracting Simplified: A Handbook for Improvement

Contracting Simplified: A Handbook for Improvement takes commercial contracting to a higher level - the enterprise level. This contracting handbook looks beyond the tactical steps most law departments begin with when trying to improve their commercial contracting practices, as described in detail in CLM Simplified: Efficient Contracting for Law Departments, and it expands on the broader principles in complex enterprises that are necessary for true transformation.

The new ILG Contracting Improvement Framework, which debuts in this book, sheds light on the intangible requirements of healthy transformation. It sets forth five elements of an effective program designed for longevity and continuous improvement and will enables any contracting professional to take the initiative and lead an enterprise-wide project to make contracting more efficient. While each element builds on the others, they can also be assessed in any sequence or combination - so long as they are all addressed.

Contracting Simplified walks readers through these easy-to-remember elements:

1. Executive Sponsor
2. Attributes
3. Resolutions
4. Stakeholders
5. Core Components

It sets the foundation for the idea of a centralized program office to oversee all activities and drive the ongoing projects needed to expand the improvement efforts to other contract types, business units, and geographies within the enterprise. Finally, the big picture of successful enterprise contracting is painted with clear perspective. Happy contracting!

Lucy Endel Bassli an attorney, author of The Simple Guide to Legal Innovation and CLM Simplified: Efficient Contracting for Law Departments, and founder of InnoLaw Group, PLLC, a niche consultancy focused on operationalizing commercial contracting and CLM readiness. Her team works with law departments on modernizing their commercial contracting practices in support of their business. Lucy's "been there, done that" approach brings firsthand experience to all things contracting: resource allocation, automation, process optimization, and smart risk-taking. Find Lucy Bassli here:

www.innolawgroup.com
www.lucybassli.com