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The Evolution of Contracting

Stephen Allen, Vice President of Get Shit Done at Elevate, had the pleasure of hosting a talk with Dr. Roger Strathausen and Elevate’s Rob Couch.

Technology, Process, Content and People

Stephen Allen, Vice President of Get Shit Done at Elevate, had the pleasure of hosting a talk with Dr. Roger Strathausen and Elevate’s Rob Couch. Dr. Roger Strathausen is a business consultant and acting Vice-Chair of the Supervisory Board of the Liquid Legal Institute, a non-profit association committed to promoting digitalisation in the legal industry.   Rob Couch is a managing director of Consulting, focused on the contracting and CLM practice at Elevate. Roger and Rob have put together a white paper Elevate is publishing around contract life cycle management trends, why contract, how to contract, and who owns the contract – a wide-ranging series of thought leadership.

  • [01:15] – The tenet of our white paper surrounds three points:   the evolution of contracting today, technology matters, and AI is the future.
  • [04:40] – There is an evolution of technology occurring within the contracting space.  AI is completely changing the rules related to contracting.
  • [07:30] – Contracting started as a handshake and then transitioned to the lawyers for good reasons – contracting and transactions became more complicated.
  • [09:44] – Technology, templates, and a library of allowed deviations.
  • [11:01] – Today CLM tools have AI is part of the original design, built into the technology use case.
  • [15:16] – Balancing the technical possibility of what can be done with a compelling use case.
  • [18:04] – Smart Contracts have evolved because of AI.
  • [19:19] – What should businesspeople who contract, and lawyers who support them, be doing now?

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Podcast Transcript

Note: This transcript has been adjusted to improve readability. Transcripts are generated using speech recognition software and human transcribers. The context and more than 95% of the actual transcript have been preserved.  We strongly encourage our listeners to listen to the audio.

 

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