NEW YORK – Oct. 13, 2023 — Hyperion Research, an Epiq company, today announced the release of the 2023 MarketView™ Report for Contract Lifecycle Management. New for 2023, this report provides a global review of Contract Lifecycle Management (CLM) and Contracts Analytics (CA) solutions for corporate legal departments. 

"We found that nearly half of legal departments plan to invest in Contract Lifecycle Management (CLM) and/or Contracts Analytics (CA) solutions in the next 12-18 months," said Catherine J. Moynihan, Senior Director at Hyperion Research. “Today, more than half of legal departments are making do with enterprise tools (e.g., Microsoft or sales/procurement systems), and satisfaction with contracting tools is low."  

Hyperion's acclaimed MarketView™ program is based on more than 500 hours of analyst research, benchmarking, client interviews, and vendor briefings, creating an invaluable resource for general counsel and legal operations executives to understand the leading trends in corporate legal department management and the software solutions landscape, including: 

• Trends in the contracting solutions market
• The differences in key solution components among CLMs, AI-powered CLMs and CA solutions legacy contracts decisions (buy vs. sell side) and target market segments
• Assessment of Advanced Solution Providers
• Guiding principles for undertaking a contracting transformation as well as selecting and implementing technology solutions  

In a market populated with a broad mix of capabilities, this year's MarketView™ report evaluated more than 30 Contracts Management Systems and over 115 key solution components. The 2023 MarketView report provides a detailed analysis of 18 advanced solutions from Agiloft, Conga, Contract Logix, ContractPodAi, DocuSign, Icertis, IntelAgree, Ironclad, LexisNexis, LinkSquares, Onit, Sirion Labs, Donnelley Financial Solutions, Evisort, LegalSifter, Litera, Knowable, and Wolters Kluwer ELM Solution.  

The report is available to all Hyperion Research members or for purchase online with immediate download at Hyperion Research (www.hyperiongp.com). To download the executive summary, visit the CLM MarketView page. The report's purchase includes a 60-minute briefing session with a Senior Analyst to discuss specific questions about the market and solution providers. To download the executive summary, visit the CLM MarketView page.   

About Hyperion Research 
Hyperion Research, an Epiq company, is the leading source for Legal Market Intelligence®. Hyperion Research is an independent market research organization. The profession's leaders, innovators, and trend-makers have come to rely on Hyperion Research, a premier provider of independent market analysis, advisory services, and research. We provide insight into the leading trends in legal strategy, operations, and technology. 

Our research coverage of any vendor is based on their significance in the market and our clients' interests; Hyperion Research does not accept renumeration in exchange for participation in the MarketView™ Research program and reports. Hyperion Research maintains full editorial independence over all research reports, research findings and other analyst work product. 

About Epiq
Epiq, a global technology-enabled services leader to the legal industry and corporations, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at https://www.epiqglobal.com.  

Press Contact 
Carrie Trent 
Epiq, Director of Communications 
Carrie.Trent@epiqglobal.com