The Legal 500
Webinars
From Paperwork to Productivity: How AI is Reshaping the Way We Handle Contracts
June 28 2023
11:30 am EST - Eastern Standard Time (UTC -5:00)
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From Paperwork to Productivity: How AI is Reshaping the Way We Handle Contracts
Overview
Over the last decade, contract management has undergone many changes. However, considering today’s technology options, price points, and the bandwidth of the available workforce, the legal department’s starting point should not be surrounded by manual methods.
How legal teams perform basic processes such as contract authoring, and risk review has to change. The good news is that starting with even a basic amount of automation, such as SharePoint/Google Drive is the norm for many companies now that technology has embraced the legal department.
As the wave of digitization crashes upon the shores of the legal world more fully, the practical applications of Artificial Intelligence in contract management present a strategic opportunity for the legal function.
By leveraging data better, organizations can look forward to ‘legal operations’ becoming a key area for adding value through more efficient day-to-day contract management.
Key Takeaways:
1. Optimize day-to-day operations, freeing up valuable time and resources for high-value strategic activities.
2. Achieve standardization across businesses to ensure enterprise-wide compliance with services, products as well as regulations.
3. Enhance existing processes such as approving NDAs, fast-tracking approvals, and consolidating duplicate templates.
4. Drive cost savings by boosting compliance and tracking utilization using post-award analytics
5. [Bonus] 3 industry case studies on how companies have leveraged CLM to improve cycle times and increase compliance.
Speakers
William Dyer, regional vice president, Zycus
Willam Dyer is the Regional Vice President at Zycus, a leader in the Forrester Wave for Contract Lifecycle Management. William has spent more than a decade advocating CLM solutions for enterprises across geographies, making him a domain expert. He has successfully delivered ROI to numerous clients comprising legal leaders for Fortune 500 companies spanning different industries. In this stint in Zycus, his mandate is providing value and making a business case for global enterprises in the scope of a sales leader. His attention to detail and product expertise makes him the go-to person to strategize go-to-market plans.
Yogesh Wadhwa, general counsel, Hyundai Motor India
Yogesh Wadhwa is a law and a commerce graduate from University of Delhi, India with 22 years of experience across law firms and MNC’s into oil and gas and automobile sector.
Yogesh is currently the General Counsel for Hyundai Motor India and is responsible for all of its legal, secretarial and compliance issues.
Yogesh entered the automobile sector by joining General Motors as its General Counsel in India and moved to Renault & Nissan India, as its General Counsel. He was later transferred by Nissan to manage its Middle East legal markets covering GCC, Turkey, Saudi Arabia and Egypt when he was based out of Dubai.
Yogesh has also worked in Oil & Gas sector (Halliburton and Cairn Energy) and Law Firm/Consulting (PricewaterhouseCoopers, Fox Mandal).
Area of experience include – ‘Corporate & Commercial law practice’, ‘Sourcing & Supply Contracts’, ‘M&A’, ‘Contracts’, Litigation’, ‘Anti-Trust issues’ and ‘Compliance’.
He has also supported Compliance (FCPA and UKBA perspective), Government Relations and Public Policy function in previous roles.
Preeti Balwani, Global General Counsel, CRISIL Limited
Preeti Balwani is a seasoned commercial attorney with over 19 years of experience both in house and in private practice. She is currently the Global General Counsel for CRISIL Limited. Prior to CRISIL, she has served as the General Counsel and Board member for Coca-Cola Bottling (Hindustan Coca-Cola Beverages) and Kraft Heinz in India.
Preeti is a graduate from Indian Law Society’s (ILS) Law College, Pune University (BSL.LLB) and also holds a Masters’ Degree in Maritime Law (LLM) from the University of Southampton.
Prior to moving in-house Ms. Balwani served as an external counsel for Indian companies providing them legal advice on M&A, for over a decade. She has advised on over two hundred (200) cross border transactions including joint ventures, asset sale and purchases, share sale and purchase, private equity investments. One of the more publicized transactions was the sale of the Indian legal entity of Kraft Heinz to the Zydus Wellness group for USD Seven Hundred Million (USD 700 Million).
Ms. Balwani is passionate about giving back to society, she likes to spend her free time volunteering with organisations to impart free legal education. She has been invited by Chambers & Partners, to be part of the Advisory Board for Diversity and Inclusion. She is also on the Advisory Board for India Business Law Journal which is a part of the Vantage Asia magazine group of publications.
She routinely speaks at forums on gender diversity and inclusion, women leaders and women on the board, brand protection and legal operations. She is an avid traveler and amateur Indian classical dancer.