Optimizing Contracting Processes + Practices (live from IACCM)
This is a live blog post from the International Association for Contracting & Commercial Professionals (IACCM) Americas Forum. [Please forgiven any typos or misunderstandings in meaning.] This session is Optimizing Contracting Processes + Practices with Arne Byberg, Vice President of Innovation and Strategic Solutions & Associate General Counsel,...
Ron Friedmann,
10 years ago
7 min read
Looking at Contracting Risk Holistically (live from IACCM)
This is a live blog post from the International Association for Contracting & Commercial Professionals (IACCM) Americas Forum. [Please forgiven any typos or misunderstandings in meaning.] This session is Breaking Out of the Box: Looking at Risk Holistically with Rod Wade, Vice President, Contract Management, MedImpact Healthcare...
Ron Friedmann,
10 years ago
5 min read
Contracts as Code: Q&A with Ethereum on the Future of Contracting
Introduction I have long thought about applying technology to improve contract creation and management. My first blog post on the topic dates from 2004 (see my contract management posts here.) Recently, I have read several articles about how blockchain technology – which underlies Bitcoin – can support self-fulfilling contracts....
Ron Friedmann,
10 years ago
13 min read
Finally, A Law Firm Offers Contract Management Software and Service
Introduction Law firms make good money drafting contracts. Absent a dispute, however, executing a contract ends a law firm’s business on that contract. That has long struck me as a lost opportunity. Why only set up the rights and obligation; why not also track and...
Ron Friedmann,
10 years ago
4 min read
IBM Watson for Contract Analytics at Legal OnRamp
In a prior post on IBM Watson, I noted that Legal OnRamp uses Watson “to process and understand high volumes of contracts.” I describe here more about this and provide context about Watson and contract analytics. Legal OnRamp Uses IBM Watson to Analyze Contracts OnRamp describes itself as offering “hosted software...
Ron Friedmann,
11 years ago
5 min read
Improving Contract Management and Analysis
For over two decades, eDiscovery and computer assisted review hogged the legal technology limelight. Now, tools to improve contract management and analysis finally have hit the market. I share here why two fairly new products – Seal Software and DiligenceEngine – are good news for transactional lawyers. This...
Ron Friedmann,
12 years ago
4 min read
Lines Between Legal Businesses Blur – Law Firm as LPO – Radiant Law
Radiant Law, a new model UK law firm founded in 2011, announced today that the firm is opening its own legal process outsourcing (LPO) center in South Africa. To be sure, many large firms have opened low cost service centers. Just this week, for example, Hogan...
Ron Friedmann,
12 years ago
5 min read
Can Law Firms Tap Latent Market for Corporate Contract Management?
I often wonder why more corporations do not deploy enterprise contract management systems. These systems manage the entire contracting process, including negotiation, drafting, execution, and rights management. Already in 2004, I suggested (blog post) contract management was a big opportunity. The opportunity remains large. The Corporate Executive...
Ron Friedmann,
12 years ago
2 min read
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