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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.

+59 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: Not for Profit
Involvement: Vendor Management and Renewal

Validated Review

Anonymous Reviewer

Submitted Jul 2024

Nice product with easy search features.

Likeliness to Recommend

8 /10

Pros

Reliable
Enables Productivity
Transparent
Continually Improving Product

Crystal E.

Role: Vendor Management
Industry: Technology
Involvement: End User of Application

Validated Review

Verified Reviewer

Submitted Mar 2024

Decline Since Acquired by LexisNexis

Likeliness to Recommend

5 /10

What differentiates CounselLink CLM from other similar products?

The user interface

What is your favorite aspect of this product?

I selected this product in 2019 when it was Parley Pro and privately owned because of the wonderful notification system. These have critically failed twice now, for extended periods, since LexisNexis acquired Parley Pro. Customer service has also taken a steep nose dive into the ground.

What do you dislike most about this product?

Failure of critical elements.

What recommendations would you give to someone considering this product?

Probably don't. There are a plethora of other options available.

Pros

Security Protects
Helps Innovate
Unique Features
Inspires Innovation

Cons

Less Reliable
Less Performance Enhancing
Less Productive

Hyun K.

Role: Consultant
Industry: Healthcare
Involvement: Business Leader or Manager

Validated Review

Verified Reviewer

Submitted Mar 2024

Was fan of ParleyPro, but disappoint by LexisNexis

Likeliness to Recommend

8 /10

What differentiates CounselLink CLM from other similar products?

Easy of use (still) and price (not anymore)

What is your favorite aspect of this product?

Easy of use and flexible for adjustments

What do you dislike most about this product?

Gradually became bureaucratic and unresponsive after LexisNexis

What recommendations would you give to someone considering this product?

I still think it is a good product to recommend

Pros

Caring
Saves Time
Respectful
Performance Enhancing

Cons

Slower Product Innovation
Commodity Features
Less Efficient Service

Latest Research

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

+59 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

Nice product with easy search features.

Likeliness to Recommend

Pros

Crystal E.

Decline Since Acquired by LexisNexis

Likeliness to Recommend

Pros

Cons

Hyun K.

Was fan of ParleyPro, but disappoint by LexisNexis

Likeliness to Recommend

Pros

Cons

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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