Current Trends and Challenges in Contract Management

This report provides an analysis of the current state of contract lifecycle management (CLM) as of 2026, based on a survey of 1151 legal professionals across ten countries. It outlines the challenges organizations face in adopting new technologies and the impact of CLM tools on business efficiency. The report highlights that contracts are essential for business transactions and emphasizes the need for efficient management throughout their lifecycle. Key challenges identified include compliance with evolving regulations, operational inefficiencies, and the complexities of contract negotiations. The survey data indicates a significant openness to integrating modern CLM solutions, with 78% of respondents inclined to adopt new technologies. Furthermore, the report discusses the frequency of CLM tool usage, revealing that 61% of respondents utilize these tools daily, which contributes to substantial time savings and improved operational efficiency. The findings suggest that organizations are increasingly recognizing the strategic importance of contracts in driving growth and innovation.