Source: LegalDive
Sales professionals identify several pain points in their interactions with legal department colleagues regarding contract review, a Lexion survey finds.
Legal teams are often viewed as slow to respond to internal colleagues, including those working in sales. This reputation for delay is particularly acute in the area of contract review, surveys indicate.
More than one in four (26%) sales professionals say contract reviews and approvals take more than 10 days, according to a report from AI-powered contract management provider Lexion. Legal department professionals have a different view, as just 3% of them say contract reviews and approvals take more than 10 days.
This contrast in viewpoints is seen across other survey questions that were asked in conjunction with Lexion’s 2023 State of Legal Tech report. Roughly 82% of legal department respondents say contract reviews and approvals take five days or less compared to 59% of sales professionals who agree with that statement.
Read full article: https://www.legaldive.com/news/sales-teams-view-about-legal-departments-lexion-legal-tech-survey/704796/
