february 2015
24
INHOUSE
T
here's nothing like a hit to the bottom line to get companies
rethinking the way they do things, and Olivier Fischer has a
perfect example.
One of his retail clients, who will not be named, was coming
to the unfortunate conclusion that it was running a store loca-
tion, which was no longer profitable. The decision was made
to shut it down, but there was just one problem: important details about the
lease (such as when it was up for renewal) were nowhere to be found.
One painful penalty later, the company in question decided it was time to
invest in some contract management software that would help its in-house
legal team avoid a similar situation.
"When we meet with in-house counsel, there is usually a problem, some-
thing that needs to be fixed," says Fischer, managing director of Legal Suite,
based in Montreal, which sells such tools. "They have a lot of work to man-
age and they're overwhelmed, or it can be there were some risk issues within
the organization, or fines."
By Shane Schick
quest
software
the
for the best
in-house
Practice management,
contract management, and
other tools have existed
for years, but selecting and
deploying them seems more
complex than ever. Here's
how to get started.
