Using New Law for Old Contracts: How to Efficiently and Cost-Effectively Analyze and Remediate Outdated Agreements
“New law” refers to the delivery of legal services in non-traditional ways that offer greater value to the buyer. Organizations are increasingly turning to New Law solutions to help them tackle a significant problem—the identification of contracts containing outdated language that must be revised to comply with current laws and regulations. Whether it’s new data privacy regulations such as the GDPR or CCPA, changes in the financial markets such as the elimination of LIBOR, or revisions to data transfer mechanisms such as the EU’s Standard Contractual Clauses, companies must develop efficient processes for identifying impacted contracts and re-papering those agreements.
This program will discuss innovative ways to solve this problem. The panel of experts will explore how to deploy New Law solutions that rely less on traditional, tedious human review and more on measurable, technology-driven processes; efficient and transparent workflows; and artificial intelligence and other advanced analytics. And they will offer practical advice for organizations looking to find more cost-effective ways to procure these legal services.