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The Importance of Contract Risk Scoring


Level: Advanced
Runtime: 64 minutes
Recorded Date: January 29, 2019
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Agenda


  • Some ways a contract can be "bad"
  • What is contract normalization?
  • Risk-Scoring Scenarios
  • Risk-Scoring Discussion: Real World Experience & Value
Runtime: 1 hour and 4 minutes
Recorded: January 29, 2019



Description

Good contracts are an excellent form of risk management. Bad contracts can exacerbate your exposure to risk or infect your business with new risks. But who decides between good and bad, and how do you measure the difference between slightly risky and catastrophic? Risk scoring is the answer. By defining an approach to scoring and measuring contractual risk, you can finally expose and manage the dangers lurking inside thousands of documents.

By flushing out the weak links, you will decrease your chances of fines, disputes, costs and reputational damage. In this panel discussion, learn what risk scoring means, how to get started, how it will help your business improve its financial performance and health, and best practices for designing and developing a method of your own.

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

Provided By

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Panelists

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Kathleen Sweitzer

Chief Legal Officer
Maestro Health

Kathleen is the General Counsel and Corporate Secretary at Maestro Health where she oversees the legal, compliance, and cybersecurity teams. She has over twenty years’ experience providing strategic solutions to legal and business issues in the areas of healthcare and technology. Previously, Kathleen served as Associate General Counsel at Aon as the chief lawyer for the U.S. Health Solutions business where she led a team providing the regulatory, transactional, and corporate legal support for the business. Prior to joining Aon, she was a partner in the Chicago office of Tressler LLP where she represented health plans in litigation throughout the U.S.

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Andrew Giverin

Partner, NewLaw Services
PwC

Andy is a Partner and Co-Head of PwC’s NewLaw practice.

A leading outsourcing and technology lawyer by background, Andy focuses on helping large in-house legal teams to dramatically improve their performance by making changes to their strategy, organisations, and business processes. In doing so, he helps clients identify the capabilities that will support future growth, free up funds to invest in that growth, and develop the organisation to make changes sustainable.

Andy has extensive experience in designing, implementing and developing LawTech and workflow solutions for global in-house legal teams, including major rollouts

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Jamie Wodetzki

Chief Product Officer & Co-Founder
Exari

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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