The 20 Best Legal Contract Management Software In 2024
10 Best Legal Contract Management Software Shortlist
Here's my pick of the 10 best software from the 20 tools reviewed.
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Navigating the world of contract management can be a daunting task, particularly for in-house legal departments dealing with a constant flow of agreements. A good contract management system, like the solutions we'll be exploring here, can significantly streamline these processes.
A key feature of these tools is a drag-and-drop interface that simplifies contract works, offering intuitive control over the entire contract lifecycle. Furthermore, these systems allow you to establish permissions, granting access to relevant team members while maintaining security and control.
I encourage you to explore the options I've assembled here; they're among the best I've found in my search for efficient, effective contract management solutions.
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What Is A Legal Contract Management Software?
Legal contract management software is a digital solution utilized by businesses, law firms, and professionals engaged in frequent contract handling. These sophisticated platforms enable the creation, negotiation, execution, and storage of contracts in an organized, secure, and efficient manner.
Users include lawyers, paralegals, contract managers, and business executives who leverage the software for its various features, such as contract automation, deadline tracking, and compliance control.
The primary aim is to streamline contract lifecycles, minimize errors, and optimize legal operations, ensuring that every contractual agreement abides by relevant laws and meets the business's strategic goals.
Best Legal Contract Management Software Summary
| Tools | Price | |
|---|---|---|
| Deel | Flat rate user pricing, with a free version for businesses with up to 200 people | Website |
| Juro | Pricing upon request | Website |
| Contract Logix | From $25/user/month (billed annually) | Website |
| Precisely | From $50/user/month (billed annually) | Website |
| Hyperstart | Pricing upon request | Website |
| Contractzy | From $15/user/month | Website |
| Juridoc | From $15/user/month | Website |
| Legal Track | From $40/user/month (billed annually) | Website |
| Legal Templates | From $59.95/user/month | Website |
| DocuSign Agreement Cloud | From $30/user/month | Website |
Compare Software Specs Side by Side
Use our comparison chart to review and evaluate software specs side-by-side.
Compare SoftwareBest Legal Contract Management Software Reviews
Deel is a global HR and employment platform that helps businesses hire and pay employees and contractors in over 150 countries.
Why I Picked Deel: For HR and in-house legal teams that deal with employment and contractor contracts, Deel is a good solution because it allows you to organize and edit contracts while having access to other HR functions in one platform. This means that as you review various contracts or work permit documents, you'll also have access to other data required to maintain compliance in the workplace. The platform also includes audit management, clear audit trails, comprehensive reporting, and proactive incident management.
Standout features & integrations:
Other than managing employment contracts, Deel also offers payroll compliance, in-house visa and immigration support, benefits administration, and various features for engaging employees, like a learning management system. Integrations include NetSuite and NetSuite Bookkeeping, BambooHR, Skovik, Workday, Xero Integration, QuickBooks, Zapier, and Deel API.
Pros and cons
Pros:
- In-house visa and work permit support
- Automated payroll management
- Comprehensive legal support for international hiring
Cons:
- Limited customization options
- Only useful for employment-related contracts
Juro is a contract management platform designed to encourage collaboration during contract creation and negotiation. Its system is built to assist businesses in streamlining the process of contract creation, negotiation, and approval, making it ideal for teams that require a high level of cooperation.
Why I Picked Juro: I chose Juro for its commitment to fostering collaboration in contract management. Its standout ability to facilitate teamwork during contract creation and negotiation is what sets it apart from other tools. Therefore, it truly shines as the best choice for businesses seeking to boost collaboration during contract creation and negotiation.
Standout features & integrations:
Juro offers numerous features, including collaborative contract editing, track changes, and real-time negotiation. These features enable teams to work together seamlessly, negotiate terms, and keep track of amendments. The software integrates with platforms such as Salesforce, Slack, and Google Drive, enhancing team collaboration and document accessibility.
Pros and cons
Pros:
- Real-time contract negotiation functionality
- Robust integrations with platforms like Salesforce, Slack, and Google Drive
- Excellent collaborative contract creation and negotiation features
Cons:
- Limited functionalities for contract lifecycle management software beyond creation and negotiation
- Pricing might be steep for smaller businesses
- Requires minimum three users
Contract Logix is a versatile software solution tailored to oversee every phase of your contract lifecycle. With a focus on all-inclusive contract handling, it caters to businesses needing a powerful tool for crafting, managing, and tracking contracts from inception to closeout.
Why I Picked Contract Logix: I selected Contract Logix for its holistic approach to contract management. The software's comprehensive functionality gives users the ability to control and monitor all aspects of contract lifecycles, which makes it distinct from other platforms. This exceptional capability validates it as the best choice for comprehensive contract lifecycle management, as it covers all contract phases with precision and efficiency.
Standout features & integrations:
Key features of Contract Logix include contract creation, a centralized contract repository, alert notifications, and sophisticated analytics. The contract creation tool streamlines drafting, while the centralized repository ensures easy access and storage. With alerts, you never miss a deadline, and analytics provide insights for data-driven decision making. It integrates seamlessly with leading software like Salesforce, Microsoft Dynamics, and NetSuite for a unified experience.
Pros and cons
Pros:
- Robust analytical capabilities
- Intuitive user interface
- Comprehensive contract lifecycle management (CLM) software
Cons:
- May take time to understand all features
- Limited customer support hours
- Minimum 5 users required
Precisely is a contract management software that focuses on providing robust contract automation solutions. It allows businesses to streamline their contract creation, tracking, and management processes, perfectly fitting scenarios where automation can save valuable time and resources.
Why I Picked Precisely: I picked Precisely because of its excellent contract automation capabilities. The ability of this tool to simplify and automate contract management sets it apart in this crowded field. Precisely, in my opinion, it emerges as the top choice for those seeking efficient contract automation.
Standout features & integrations:
Precisely features automated contract creation, customizable contract templates, and contract tracking tools. These features help companies automate their contract processes, reducing time spent on manual tasks and mitigating human error. It also integrates with popular CRM systems like Salesforce, enabling businesses to align their sales and contract processes.
Pros and cons
Pros:
- Useful contract tracking tools
- Integration with major CRM systems like Salesforce
- Efficient contract automation features
Cons:
- User interface could be more intuitive
- Limited features for contract negotiation
- Pricing may be prohibitive for smaller businesses
HyperStart is an AI-powered contract management platform designed to simplify every stage of your contract lifecycle. It helps your team create, negotiate, approve, and store contracts, all from a single platform.
Why I Picked HyperStart: When it comes to legal contract management, HyperStart offers useful features like metadata auto-extraction, AI-driven clause-level contract searches contract search, and version tracking. These tools help you quickly find and manage contracts, track versions, and monitor legal obligations throughout the contract lifecycle. Its approval workflows and automated reminders make it easy for your team to stay on top of contract renewals and prevent lapses in compliance.
Standout features & integrations:
Beyond these, HyperStart also includes e-signature integrations, no-code workflow automation, and in-depth contract analytics. You can also store all contracts in a centralized repository, where AI-based extraction helps you track what you need efficiently. Integrations include Microsoft Word, Gmail, Salesforce, Microsoft SharePoint, Google Drive, DocuSign, AdobeSign, One Drive, Slack, and Microsoft Outlook.
Pros and cons
Pros:
- Template-based contract creation
- AI-assisted contract review and redlining
- Automatic contract renewals
Cons:
- Mobile capabilities are less robust than desktop
- Configuration for specific needs can be complex
Contractzy is a digital contract management tool that uses cloud-based technology to streamline and automate the entire contract management process. By providing remote accessibility, real-time updates, and secure storage, Contractzy suits businesses that prioritize cloud-based contract management.
Why I Picked Contractzy: In determining which tools to include on this list, the prominence of cloud-based solutions became evident. I selected Contractzy for its strong capabilities in this field. Its powerful cloud-based features, paired with user-friendly interface, make it stand out from other tools. This is why I believe Contractzy is the best choice for businesses seeking a cloud-based contract management tool.
Standout features & integrations:
Contractzy's most significant features include a comprehensive dashboard for contract oversight, real-time updates and notifications, secure document storage, and user-friendly search functions. It seamlessly integrates with major cloud platforms like Google Drive and Dropbox, ensuring easy document access and collaboration.
Pros and cons
Pros:
- Comprehensive and user-friendly dashboard
- Easy integration with major cloud platforms
- Strong cloud-based contract management features
Cons:
- No free plan available
- Advanced features require higher pricing tiers
- Limited offline functionality
Juridoc is a comprehensive contract management platform designed to help small businesses manage, negotiate, and analyze their contracts. Its balance of simplicity and functionality makes it a suitable choice for smaller organizations requiring an affordable yet capable solution.
Why I Picked Juridoc: I picked Juridoc for this list because it provides an optimal mix of affordability and simplicity without compromising on core functionalities. Its unique appeal lies in its user-friendly interface and streamlined workflows, which are key factors for smaller businesses. These characteristics make it a top pick for small businesses seeking an affordable and straightforward contract management solution.
Standout features & integrations:
Juridoc offers key features such as contract creation, negotiation, approval, and storage. Its alert system for key contract dates helps businesses avoid missing any crucial deadlines. The platform integrates with popular tools like Google Drive, Dropbox, and Office365, facilitating easy file sharing and collaboration.
Pros and cons
Pros:
- Useful integrations with popular collaboration tools
- User experience friendly interface
- Affordable for small businesses
Cons:
- Customer support may be less responsive than larger competitors
- Limited customization options
- Might lack some advanced features needed by larger organizations
Legal Track is a contract management platform specifically designed to support non-profit organizations in legal case management. Its focus on the unique needs of non-profits, such as volunteer coordination and grant management, makes it a fitting choice for these organizations in streamlining their contract management processes.
Why I Picked Legal Track: I picked Legal Track due to its specialization in serving non-profit organizations. The tool differentiates itself with a focus on the unique needs of non-profits, such as grant tracking and volunteer management. This makes it especially suitable for non-profits seeking a solution tailored to their legal case management needs.
Standout features & integrations:
Legal Track offers powerful features like case management, time tracking, grant management, and volunteer coordination, all essential for non-profit organizations. It also integrates with Microsoft 365, enabling users to seamlessly sync data with Microsoft's suite of tools, which is often the default productivity suite for many organizations.
Pros and cons
Pros:
- Integrates with Microsoft 365
- Offers useful features like grant management and volunteer coordination
- Designed with non-profit needs in mind
Cons:
- The user interface could be more intuitive
- May not be suitable for profit-driven businesses
- Lack of transparent pricing details
Legal Templates provides a wide array of contract templates that businesses can readily use. By offering a broad selection of legally vetted, ready-to-use contract templates, it allows businesses, particularly those without dedicated legal teams, to quickly draft reliable legal documents, making it a great choice for businesses seeking convenience and time-saving solutions.
Why I Picked Legal Templates: In choosing tools for this list, I considered the importance of ready-to-use contract templates for businesses, especially for smaller ones with limited legal resources. Legal Templates stood out in this respect with its extensive library of well-structured contract templates. This made it an obvious choice for businesses that are in search of ready-to-use contract templates.
Standout features & integrations:
Legal Templates is known for its broad array of contract templates covering various business scenarios, which are easy to understand and use. These templates are compliant with legal standards, providing peace of mind to businesses using them. Currently, Legal Templates does not integrate with other services, but its offering is stand-alone and self-sufficient.
Pros and cons
Pros:
- Useful for businesses without dedicated legal resources
- Compliant with legal standards
- Wide array of ready-to-use contract templates
Cons:
- Some legal areas may not be covered by their template range
- Pricing can be high for smaller businesses
- Lack of integrations with other platforms
DocuSign Agreement Cloud is a comprehensive solution that focuses on automating and connecting the entire agreement process. With its powerful e-signature and approval workflow functionalities, it is particularly beneficial for businesses that rely heavily on electronic signatures and approvals.
Why I Picked DocuSign Agreement Cloud: In the process of selecting the most effective contract management tools, I decided on DocuSign Agreement Cloud due to its robust e-signing features and efficient approval workflows. The tool's focus on electronic agreements and its advanced workflow capabilities set it apart from others. This is why I affirm that DocuSign Agreement Cloud is the best tool for businesses in need of streamlined electronic signing and approval workflows.
Standout features & integrations:
DocuSign Agreement Cloud offers powerful features such as advanced e-signature capabilities, a unified platform for managing agreements, and intelligent insights to enhance compliance and reduce risks. The tool integrates seamlessly with popular platforms such as Salesforce, Microsoft, and Google, thereby facilitating collaboration and document handling.
Pros and cons
Pros:
- Robust integrations with popular platforms
- Streamlined approval workflows
- Advanced electronic signing capabilities
Cons:
- Could be overwhelming for smaller businesses
- Some advanced features require higher-tier plans
- Higher starting price compared to other tools
Other Legal Contract Management Software Tools
Below is a list of additional legal contract management software that I shortlisted but did not make it to the top 10. Definitely worth checking them out.
- Contract Eagle
For dynamic contract storage and searching
- Contract Hound
For contract deadline reminders and notifications
- Ironclad
For streamlining complex workflows
- Icertis Contract
For enterprise-wide contract visibility
- Evisort
Good for artificial intelligence or AI powered contract analytics
- Concord
Good for comprehensive CLM solutions
- Legalesign
Good for efficient electronic signature processing
- ContractPodAi
Good for end-to-end contract automation
- Agiloft Contract Management Suite
Good for customizable contract workflows
- Bigle Legal
Good for automated document creation
Other Legal Software Reviews
Here are some other popular types of legal software you might be interested in.
Selection Criteria
In the journey to find the best contract management software, I've personally explored and researched over 20 different tools. It's crucial to find a solution that not only offers the right features but also aligns with your company's workflows and processes. Here are the criteria that I prioritized during my evaluation.
Core Functionality
- Contract creation: The software should allow for the efficient drafting of contracts.
- Review and editing: It should enable multiple team members to review, suggest changes, and edit contracts.
- Approval workflow: The tool should manage the approval process, ensuring contracts are reviewed by all necessary parties.
- Contract execution: The platform needs to support secure and legally binding electronic signatures.
- Contract storage: It should provide a secure location to store contracts, with access controls.
Key Features
- Search capability: Enables users to quickly find specific contracts or specific information within contracts.
- Reminders and notifications: Alerts users about important dates like contract renewals or end dates.
- Version control: Keeps track of all changes made to a contract, preserving an audit trail.
- Custom templates: Allows for the creation of company-specific contract templates, saving time on repeated information.
- Contract analytics: Offers insights into contract data, helping identify trends or areas for improvement.
Usability
- Intuitive user interface: For contract management software, an intuitive interface would be one that clearly displays contract details, has an organized system for storing and categorizing contracts, and presents options for approval workflows in a straightforward manner.
- Easy onboarding: The platform should offer useful onboarding resources such as video tutorials, articles, or even one-on-one training to help users get started.
- Quality customer support: Look for software providers with a reputation for quick and helpful responses to queries or issues.
- Role-based access: The system should allow admins to control who can access and edit different contracts, which is crucial for maintaining data integrity and security.
People Also Ask (FAQs)
What are the benefits of using legal contract management software?
Using legal contract management software provides numerous benefits, including:
- Streamlined contract workflows: These tools help automate contract creation, review, approval, and execution processes, saving time and improving productivity.
- Better organization: A centralized repository for all contracts makes it easier to manage and find documents when needed.
- Improved compliance: Automated reminders and approval workflows can help ensure contracts are properly reviewed and meet all necessary regulations.
- Reduced risk: Version control, audit trails, and secure electronic signatures help to minimize the risk of errors or contract disputes.
- Enhanced decision-making: Many contract management solutions offer analytics and reporting features that provide insights into contract performance, helping to inform business decisions.
How much do legal contract management software tools typically cost?
The cost of contract management software can vary greatly depending on the specific features, the size of your organization, and the number of users. Some tools offer tiered pricing models, starting from as low as $20 per user per month and going up to several hundred dollars per user per month for more complex enterprise solutions.
What are the typical pricing models for these tools?
Contract management tools often have a per-user per-month pricing model, but they may also offer annual subscriptions at a discounted rate. Many vendors provide tiered pricing plans, each offering a different set of features. Some tools also include a “per contract” pricing model, where you pay based on the number of contracts managed in the system.
Which are the cheapest and most expensive legal contract management software?
On the more affordable end, you have tools like Contractbook, which start from $25 per user per month. On the other hand, more robust solutions like Agiloft or Icertis can be significantly more expensive, going up to several hundred dollars per user per month.
Are there any free contract management software options?
Yes, there are a few contract management tools that offer free versions or free trials. However, these usually come with limited features and may be best suited for very small businesses or for trying out the software before committing to a paid plan. Examples include Zoho Contracts and PandaDoc, both of which offer free plans with limited functionality.
Other Legal Document Solutions Reviewed
Here are some other tools you may need if you are looking for legal document solutions.
Summary
To sum up this guide on choosing the best legal contract management software, it's essential to remember three critical points:
- Understand Your Needs: Each tool mentioned offers unique advantages, so understanding your specific requirements is fundamental. You might need a tool that excels in electronic signing, contract deadline reminders or offers ready-to-use contract templates.
- Focus on Key Features and Usability: Beyond the basic functionality, pay attention to the key features that could greatly enhance your contract management process. Ease of use, user interface, and quality of customer support matter significantly in everyday operations.
- Pricing Considerations: Cost plays a significant role in decision-making. Understand the pricing model of each tool and find one that offers the features you need at a price that fits your budget. Free trials can be beneficial for testing out the software before committing.
Remember, there's no one-size-fits-all solution. The best legal contract management software is the one that best fits your unique use case and operational needs.