Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Andrew Mellett - AI, automation and technology innovations – smarter and more efficient data driven service models - FutureData 2017

947 views

Published on

Andrew Mellett - AI, automation and technology innovations – smarter and more efficient data driven service models - FutureData 2017

Published in: Data & Analytics
  • Be the first to comment

Andrew Mellett - AI, automation and technology innovations – smarter and more efficient data driven service models - FutureData 2017

  1. 1. ‐Peter Thiel
  2. 2. Truth No 1 (The Backstory): The legal industry is broken…..and we can fix it.
  3. 3. Over 60% of the ASX100 4
  4. 4. Education Traineeship Business  Development Drafting/Advice Client Outcome Traditional Legal Supply Chain Cost: $480,000 Cost: $15,000 Time: 20 Years Time: One Month
  5. 5. If the mind were a computer 6.66 Bytes persecond 7.5 Bytes per  second 3.32 Bytes persecond Read Process Transmit
  6. 6. Truth No 2 (The Future):   The Law is not a professional services  business….It’s an information processing and  transfer business.
  7. 7. The magic should happen in the last box Store, report & create an audit trail
  8. 8. Answer performance questions such as: What is causing the delays in the contacting process? What’s our average rounds of negotiation? Which lawyers have the highest performance? How many contracts are we doing for whom? What contracts are about to expire?
  9. 9. Answer risk questions such as: Where don’t we have a change of control clause? Where do we have non-standard clauses? Where is our largest supply chain risk? How many contracts are we doing for whom?
  10. 10. Answer geographical questions: How much geopolitical risk is embedded in our contracts? How much of our balance sheet is at risk? What’s the total value of sales agreements in negotiation by region? Which suppliers may have links to corrupt governments?
  11. 11. ‘Like putting your best lawyer, on their best day, on every device 24 hours a day.’ The move to zero and one creates a shift of one to many.
  12. 12. ‘Like putting your best lawyer, on their best day, on every device 24 hours a day.’ ‘Delivering legal outcomes faster, more cost effective and consistently than ever  thought possible’ ‘Producing the world’s first actionable insights’. Our Vision for The Future
  13. 13. Andrew Mellett CEO - Plexus amellett@plxs.com.au 0424 141 071

×