Why I joined Catylex. It’s the data, stupid.
I’m excited to join Catylex, where the dream of building a fully functional contract data machine is a shared obsession, and where the promise of such a machine is now becoming reality.
The Clause Tracking Conundrum
I have to admit that “clause tracking” sounds good. Let’s analyze how many deals contain our preferred limitation of liability clause. Let’s track how many times we had to use fallback #2. It feels like these would be really useful things to know. Which is probably why so many contract managers ask for it. But…
Daddy, should I become a lawyer?
Historically this question was relatively simple to answer. “Yes, that sounds like a wonderful idea. If you don’t want to be a doctor, then lawyer it is. Study hard kid. You can do it.” However, with lawyer numbers trending downwards, one wonders whether the correct answer is more like this: “Absolutely not. Lawyers are AI…
Legal can afford 2 million hamsters
The average corporate law department spends just under $30 million annually on external legal, or 61% of the total legal budget. With that kind of money you could afford roughly 2 million hamsters. That might sound like a lot, but don’t forget that Elon Musk reckons you’d need 50 billion hamsters to fill Tesla’s Gigafactory.…
COVID Dispute Round Up
COVID-19, as we all know, has been rather disruptive in 2020. First, the pandemic itself is creating havoc as a global health crisis. Second, government-ordered lockdowns, shutdowns and travel bans adds another layer of economic, political and social pain. Nobody yet knows just how much economic loss and damage the pandemic will ultimately cause, but…
Efficiency is Sucking Legal Work In-House
I have long predicted that legal work will slowly but surely be sucked in-house (where efficiency is rewarded), leaving less work for outside counsel (where efficiency is the enemy of the billable hour). The recent rise of Legal Operations is a major factor in making this happen, and Gartner has provided some data to back…
How Strong is the Legal Data Firewall?
The legal profession enjoys a number of protections. It’s illegal, for example, for non-lawyers to provide legal services. That’s called unauthorized practice of law. It will get you in trouble in most places. But there’s another important shield protecting lawyers from the competitive heat of automation and innovation: it’s what I call the “legal data…
Contracts are weak link assets
Contracts are extremely valuable to your business. But contracts are weak link assets. It is your weakest contract that will cause you pain. It is the weakest terms of that contract that will do the same. And your contract negotiators are like a soccer team. Wait. What? Let me explain. About a year ago, I…
Predictions, perceptrons and professional services
A good blog has focus. Kassandra will try to stay focused on the three P’s of prediction, perceptrons and professional services. Prediction, because insight into future events is extremely valuable — just ask Biff Tannen. Perceptrons, because AI is probably the biggest technological disruption of our generation, and perceptron — a type of neural network…
Why Kassandra?
Think of it as a personal challenge. Set the bar high. Kassandra was blessed to see the future. I will merely try to predict parts of it, and I am sure to get much of it wrong. Kassandra with a K gives me some chance of differentiation from the graph database spelled with a C.…
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Kassandra, Esq. 