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LexisNexis

CounselLink CLM

Composite Score

6.9 /10

CX Score

6.8 /10

23 Reviews Write a Review

What is CounselLink CLM?

CounselLink CLM is a secure cloud-based platform for seamless contract negotiation and management. Our platform automates contract management processes and helps businesses to negotiate better contracts faster.

Company Details

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Awards & Recognition

CounselLink CLM won the following awards in the Contract Lifecycle Management category

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0 Top Rated Capabilities

6 Top Rated Features

Latest Award, 2024

2024 Emotional Footprint Champion

2024

Strategy and Innovation
Service Experience
Product Impact
Contract Negotiation
Conflict Resolution

2024

2023 Data Quadrant Gold Medalist

2023

1 Top Rated Capabilities

7 Top Rated Features

2023

CounselLink CLM Ratings

Real user data aggregated to summarize the product performance and customer experience.
Download the entire Product Scorecard to access more information on CounselLink CLM.

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

80 Likeliness to Recommend

94 Plan to Renew

73 Satisfaction of Cost Relative to Value

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Emotional Footprint Overview

Product scores listed below represent current data. This may be different from data contained in reports and awards, which express data as of their publication date.

+60 Net Emotional Footprint

The emotional sentiment held by end users of the software based on their experience with the vendor. Responses are captured on an eight-point scale.

How much do users love CounselLink CLM?

10% Negative

20% Neutral

70% Positive

Pros

Performance Enhancing
Enables Productivity
Transparent
Unique Features

Cons

Less Effective Service
Vendor Friendly Policies
Less Efficient Service

Feature Ratings

Average 72

Contract Approval

E-Signature

Searchable Repository

Workflow

Obligation Management

Integration

Contract Authoring

Redlining

Reporting Analytics

Clause Management

OCR Support

Vendor Capability Ratings

Average 69

Usability and Intuitiveness

Ease of Implementation

Business Value Created

Quality of Features

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Data Integration

Breadth of Features

Ease of Customization

Vendor Support

Availability and Quality of Training

CounselLink CLM Reviews

Role: C-Level
Industry: Energy
Involvement: Business Leader or Manager

Validated Review

Anonymous Reviewer

Submitted Mar 2023

It's a great product. The whole team loves Parley.

Likeliness to Recommend

9 /10

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Crystal E.

Role: Operations
Industry: Education
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Feb 2023

Wonderful product for all inhouse legal teams

Likeliness to Recommend

10 /10

What differentiates CounselLink CLM from other similar products?

Parley Pro is super easy to use, and is not overengineered like similar CLM's. Even with minimal training, you can easily intuitively figure out what you need to do, and if you get stuck, their team is there to help you with near immediacy.

What is your favorite aspect of this product?

The notifications for milestones and other events.

What do you dislike most about this product?

I wish formatting templates was a little different, but this is such a minor thing, it doesn't change my opinion.

What recommendations would you give to someone considering this product?

This is the second company where I have implemented Parley Pro over the original vendor the company had. Parley Pro is wonderful to work with, and easy and fast to get up and running. The legacy data import is seamless, and it's just so easy to use, with wonderful features, that you'll never miss sending a notice of termination prior to an auto-renewal again.

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

Role: Industry Specific Role
Industry: Other
Involvement: End User of Application

Validated Review

Anonymous Reviewer

Submitted Feb 2023

Fantastic tool to use in the contracting world.

Likeliness to Recommend

10 /10

Pros

Helps Innovate
Continually Improving Product
Reliable
Performance Enhancing

How We Deliver

CounselLink CLM

What is CounselLink CLM?

Company Details

Need Assistance?

Awards & Recognition

2024 Emotional Footprint Champion

2023 Data Quadrant Gold Medalist

CounselLink CLM Ratings

80 Likeliness to Recommend

94 Plan to Renew

73 Satisfaction of Cost Relative to Value

Emotional Footprint Overview

+60 Net Emotional Footprint

How much do users love CounselLink CLM?

Pros

Cons

Feature Ratings Average rating of all product features, some of which may not be shown below

Contract Approval Automated and hierarchical approval process from one or many approvers of a contract(s) within the CLM system.

E-Signature Native e-signature capabilities and/or integrations to 3rd party e-signature solutions.

Searchable Repository Storage and indexing of contracts by various criteria, including meta-tagging capabilities. Online access to all personnel that need access to them

Workflow Solution allows business to automate approval and action routines for easy fast processing through the lifecycle.

Obligation Management Obligations, deliveries, SLA status, key event tracking of contract events through the CLM system

Integration Linkage from CLM to transactional systems such as order management systems, accounts payable systems, CRM, P2P/S2S, Legal Matter solutions, and risk management

Contract Authoring Creation of the contract with legal controls such as contract structure, required information, drafting parameters. Integration with MSFT Word is high value.

Redlining Ability to redline agreements, with version control, and across various document formats.

Reporting Analytics Perform analysis of contract portfolio and provide insights into the contract portfolio.

Clause Management Presence of a clause library, ability to build clause libraries, AI overlay for review and analysis of contract clauses via Machine Learning

OCR Support Automated import of 3rd party and legacy agreements

Vendor Capability Ratings Average rating of all vendor capabilities, some of which may not be shown below

Usability and Intuitiveness End user learning curves cost the organization money. Pay attention to your end users' technical ability to determine how important UX is in your purchase.

Ease of Implementation Successfully implementing new software is necessary to realize its full value and promote end user adoption. This data indicates whether or not the product is easy to implement.

Business Value Created Software needs to create value for employees, customers, partners, and, ultimately, shareholders. This data expresses user satisfaction - or lack thereof - with the product's business value.

Quality of Features Feature quality is just as important as quantity. Use this data to determine if this product will do what you're purchasing it to do, easily, intuitively, reliably, and effectively.

Ease of IT Administration This data indicates whether IT personnel will be able to resolve issues and perform configurations efficiently and effectively.

Product Strategy and Rate of Improvement Vendors who don't stay on top of emerging needs and trends won't enable you to meet your business goals. Use this data to separate innovators from imposters.

Ease of Data Integration Use this data to determine whether the product will cause headaches or make data integration easy.

Breadth of Features Users prefer feature rich software that enables them to perform diverse series of tasks. This data expresses user satisfaction with the product's breadth of features.

Ease of Customization Don't get bogged down in a difficult customization; use this data to make sure you can easily achieve the functionality you need for your particular situation.

Vendor Support The importance of vendor support will vary for each organization depending on internal capabilities, but there will always be issues that only the vendor can resolve.

Availability and Quality of Training Effective and readily available training enables users to get the most out of the software you've chosen. Use this section to make sure your vendor's training programs and materials measure up.

CounselLink CLM Reviews

It's a great product. The whole team loves Parley.

Likeliness to Recommend

Pros

Crystal E.

Wonderful product for all inhouse legal teams

Likeliness to Recommend

Pros

Fantastic tool to use in the contracting world.

Likeliness to Recommend

Pros

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Title

Feature Ratings

Contract Approval

E-Signature

Searchable Repository

Workflow

Obligation Management

Integration

Contract Authoring

Redlining

Reporting Analytics

Clause Management

OCR Support

Vendor Capability Ratings

Usability and Intuitiveness

Ease of Implementation

Business Value Created

Quality of Features

Ease of IT Administration

Product Strategy and Rate of Improvement

Ease of Data Integration

Breadth of Features

Ease of Customization

Vendor Support

Availability and Quality of Training