Show notes
Technology, Process, Content and PeopleStephen 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?Enjoy!