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The Golden Age of Contractual Insight and Innovation is Near: But First, You Need a Universal Data Model

Level: Advanced
Runtime: 61 minutes
Recorded Date: January 29, 2019
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Closed Caption


  • What's broken with contracts today?
  • Why does the business crave data?
  • What kinds of data does everyone want?
  • Tips and traps for building any contract data model
  • Pros and cons of a universal contract model
  • What should I be doing about all this?
  • Conclusion
Runtime: 1 hour
Recorded: January 29, 2019

For NY - Difficulty: Experienced Attorneys Only (Non-Transtional)


Contracts are made of words, and those words are designed for expert human consumption. But for most non-experts (and even for experts), a clean set of yes or no data points is much easier to process. And if you need to analyze risk or automate thousands of agreements, unambiguous data is essential. The secret to making this happen: a universal contract model. What is it? Is it even possible? What hidden value do you unlock when thousands of contracts are translated into a universal data model? Join us for a panel discussion with leading professionals to hear how they are unlocking its value today.

This program was recorded as part of ALM's Legalweek Conference on January 29th, 2019.

Provided By

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Michael Willis

Director, Forensic Technology Solutions

More recently, Michael has been utilising his skill sets in unstructured data and machine learning to help clients extract key bits of information from their documents, such as extracting key clauses from contracts for a Legal Due Diligence Review.

Michael's background is an unstructured data expert, with a background in using technology such as Nuix and Relativity to search large volumes of information for clients as part of an investigation or eDiscovery exercise.

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Oliver Round

Managing Counsel & Vice President
BNY Melon

Oliver Round is Managing Counsel & Director and Product Owner of Contract Lifecycle Management at BNY Mellon, where he advises the enterprise on leveraging legal technology, including artificial intelligence, machine learning, contract analytics, contract generation and contract life-cycle solutions.

Mr. Round is counsel to the firm's artificial intelligent legal agreement repository and contract analytics platform as well as to numerous enterprise regulatory programs. In addition, he focuses on strategically enhancing end-to-end business-as-usual process automation, firm-wide contract lifecycle management implementation and designing artificial intelligence proof-of-concepts.

Mr. Round is an alumnus of both Forham Law School and Lafayette College.

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Jamie Wodetzki

Chief Product Officer & Co-Founder

Jamie co-founded Exari in 2000 and served as CEO until 2008 when he relocated to Boston to expand the company. Prior to co-founding Exari, Jamie was a Senior Associate with Minter Ellison, a large Australian law firm, where he focused on copyright, technology and the information industries. He is a Fellow of the Center for Legal Innovation, part of Vermont Law School. He received his law degree from the University of Melbourne.

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