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Nice blast off over the last few days for QSP
NFA, but will be buying up sub 20K BTC… DYOR 🥲
Hi not from Indonesia but speak the language
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Hi, I've recently got selected to IBM GBS, and my husband working for PSU I am from Andhrapradesh and IBM location is Chennai. I've 1year baby. Due to this I can't relocate to Chennai. Is there anyway to handle this like working remotely from my home ? Will IBM allows me to do like that. ? IBM Infosys Tata Consultancy Accenture Amazon
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Yeah, but we call them junior associates
haha thank you for reminding. Have you used similar software before?
How? What facts would the AI tool know to generate schedules? Would it actually be able to strategically read the reps in a certain way or overdisclose? How would it draft an overdisclosure so as not to be caught by the competing AI? What about clients who do or don’t want to take a more aggressive reading of indirect chance of control provisions in contracts?
How does it think about the balance of allocating risks in a way to the RWI insurer as a sell-side attorney in a way RWI counsel won’t catch because they haven’t had as much time/ diligence?
I have firsthand knowledge of a law firm buying a tool that will generate a disclosure schedule shell from the merger agreement. I wouldn't trust the tool and still end up double-checking each rep (or, I guess, asking a junior to do so)
Generating a shell is not the big time suck of scheduling. It’s disclosing (and then the other side reviewing) every single item that’s an exception to the rep. My junior associates can knock out a shell in a couple hours or less. Even if a 2nd year makes it and a 4th year reviews, that’s probably less than $5k spend in the context of millions in legal fees on any given deal.
a shell is simple to create. I can do so in half an hour. Population of the schedules cannot be accurately done with AI at this time, as a human will need to read the prompts and understand what would be disclosable, and then dig up the relevant docs to then disclose.
AI has come a long way, but it's not currently where it would need to be to do something like that.
Thank you for sharing!
No
Because if their competitors do something that gives them an edge, clients can stick us in the eye for not being as efficient as our peers.