Date & Time
Tuesday, February 2, 2021, 3:45 PM - 4:45 PM
Name
The Potential Impact of AI on Managing Contracts
Description

Reviewing and drafting contracts take up to 70% of an in-house legal department’s time. But does it have to be that way? Artificial intelligence and automation hold great promise and have been touted as a solution to contract management woes. The promise does not always deliver,
however when AI is strategically and properly applied, the results of can be drastic. This session will offer advice on how to do this and accomplish improvements like these:

  • New AI users become 34% more efficient with their time and 51.5% more productive
  • A senior lawyer reallocated 15% of his time from contract work and team management to higher-value activities
  • Cost reductions of 33% related to contract processing

Our panel of experts will examine the impact of AI and automation on the entire contract management lifecycle and how lawyers can dramatically streamline many intelligent activities typical of contract work, such as redlining, comparing clauses to corporate standards, and
ensuring that fine details comply with corporate policy.

Speakers:

  • Stasha Jain, VP - Legal & Compliance, Onit
  • Nick Whitehouse, General Manager – AI Centre of Excellence, Onit
  • Jean Yang, VP - Onit AI Center of Excellence, Onit
  • Letitia Hsu, Associate Legal Counsel - Adobe Inc

Hosted by 

Eligibility
CLE