For ContractWorks co-founder Albert Oaten, AI is not an abstract future; it is the concrete means to help law departments save money, save time and mitigate risk – right now.
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The annual FT Innovative Lawyers competition is the brainchild of Reena SenGupta of RSG Consulting. In 2005, the London-based journalist hit on the idea of ranking law firms based on their innovations and partnering with FT on spreading the word.
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Barnes & Thornburg’s Jared Applegate discusses challenges and ideas for gathering and using data.

CCBJ: Both law firms and in-house law departments look to gain pricing certainty from a better understanding of data related to matters. What type of data should be focused upon?

Jared Applegate: From an in-house law department perspective and, frankly, from a law firm perspective, I think you always want to start with the end in mind. Ask these questions: At the end of the day, what business decisions will be driven by the capture and analysis of the data? Will that ultimately provide greater value/insights to my business unit leaders?  
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‘Tis the season when top in-house legal officers get a taste of what outside counsel go through every year when the Am Law 100 is published. There it is for all the world to see: “What’s in your wallet?” That’s because summer is the season when ALM, publisher of The American Lawyer, and the Association of Corporate Counsel drop their annual compensation reports on inside and outside counsel.
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All this talk of in-house megabucks brings to mind the plight of Stephen R. Williams. Williams works in-house – and all hours – with a multi-facility hospital network in the Midwest. He also writes a column, in what little spare time he has, for Above the Law. This summer, Williams let off a little steam in a nifty rant about comp – his comp – which is in white-shoe territory – assuming those shoes are on the feet of a hospital orderly.
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