What Is Contract Lifecycle Management and How Does It Work?

This post clarifies the distinction between Contract Lifecycle Management (CLM) platforms and legal AI reasoning capabilities. It argues that CLM platforms handle the workflow of moving and tracking contracts, while legal AI focuses on analyzing the content and meaning of contract terms. The post maps these distinct responsibilities across the stages of the contract lifecycle (request, drafting, negotiation, approval, storage, renewal), emphasizing how legal AI adds value by identifying risks, extracting key terms, and drafting fallback language, all grounded in verifiable citations. This refines the understanding of how Harvey's capabilities integrate with CLM systems.