How AI is Changing Contracts
Join us for an AI and the Law talk with Beverly Rich, PhD candidate, USC Marshall School of Business.
Abstract
AI enabled technology has the potential to change the practice of law and the role of lawyers. Litigation analytics, legal research, practice management platforms, and contracting are all areas that are being transformed by AI technology. Contracts and contract management, in particular, are untapped sources of data that, in theory, are obvious places for AI enabled tools to add immediate value. But in practice, there are a number of challenges in adoption, design, and implementation of these tools that are hindering the progress of AI’s transformation of contracting. Much of my current research examines barriers to adoption of AI technology and how use of AI contracting software changes contracting dynamics (i.e., negotiation and drafting). I am looking forward to an extensive discussion on AI and contracting and, if time permits, I hope to discuss ideas that I have been working on recently related to, first, how the diverse incentive structures of law practice impact the development of technology and, second, interventions aimed at increasing adoption of AI technology in the legal context.
About the speaker
Beverly Rich is a PhD candidate in Strategy at USC Marshall School of Business. She holds a JD from USC Gould School of Law and a B.A. from Yale University. Beverly researches how firms can adopt and leverage technology to gain competitive advantage, with a focus on firms’ use of AI technology and innovation in transforming industries, particularly the legal and entertainment industries. Prior to beginning her PhD, Beverly worked as a trial lawyer in Los Angeles and as a consultant on internet security and policy.
AI and the Law Series
The AI and the Law Series is brought to you by the Montreal Cyberjustice Laboratory; the McGill Student Collective on Technology and Law; the Private Justice and the Rule of Law Research Group; and the McGill Centre for Intellectual Property Policy.
