Agiloft, the global standard in no-code Contract Lifecycle Management (CLM), today announced the appointment of CLM visionary Prashant Dubey as its new Chief Strategy Officer and Research Chair, Agiloft Insights.
Dubey brings more than two decades of experience in the legal services market, most recently with Elevate, a global provider of software and services for the legal industry, where he was VP and GM of CLM, delivering services that helped customers implement strategies to optimize their CLM programs. Before Elevate, Dubey founded and served as president and CEO of Sumati™, the industry leader in contract review and analysis and CLM Technology Managed Services, which was acquired by Elevate in 2018. Dubey is also the author of “The Generalist Counsel: How Leading General Counsel Are Shaping Tomorrow's Companies.”
“The CLM market is white hot, given the revenue-enhancing power of CLM in challenging market and macroeconomic conditions,” said Agiloft CEO Eric Laughlin. “We sincerely could not be more excited to bring Prashant’s deep CLM, legal, business, and technology expertise onboard to help refine our strategies to capture market demand and also provide thought leadership to our customers and the industry.”
“I’ve spent decades helping customers create real business impact from their CLM and it’s an honor to join Agiloft to help bring those learnings to one of the largest and most loyal CLM customer bases in the industry,” said Dubey. “In an industry where churn is pervasive, I am excited to build upon Agiloft’s sterling reputation for successful implementation, industry-leading customer retention, and customers who come back again and again to solve additional business problems with its flexible, no-code platform.”
In his new role, Dubey will lead the advancement of the company’s three-year strategic plan, focused on continuing to capture momentum in the fast-growing CLM space. He will also serve as Research Chair of Agiloft Insights - Agiloft’s in-house data-driven market research program - to formulate actionable insights, derived from customer needs and industry trends, and share those insights to transform and accelerate the growth of, the CLM market.
Dubey joins Agiloft at a critical time for businesses and the legal services industry—with recent macroeconomic, regulatory, and public health events causing every GC, CFO, CRO, and procurement leader to scour their legacy contracts, automate their contracting processes, and take steps to build risk mitigation into their business relationships and the contracts that govern them.
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