Notes To My (Legal) Self Season 4, Episode 2: Better Contract Content (with Chris Simkins)
Welcome to Notes to My (Legal) Self, where we delve into the intricacies of contract optimization with guest Chris Simkins, Head of Contract Optimisation at Simmons Wavelength. This episode provides a comprehensive look at the art of enhancing contract content, a critical yet often overlooked aspect of contract lifecycle management overshadowed by technology's allure.
Throughout the episode, Chris shares his rich experiences transitioning between big law and in-house roles, applying his deep understanding of the nuances of legal contracts. He introduces the concept of 'legal engineering'—a fusion of law, technology, and process improvement designed to boost the efficiency and effectiveness of legal services. Chris's passion for simplifying the contract process is evident as he discusses strategies for creating modular contracts, utilizing plain English, and preparing documents for automation.
Listeners will leave with actionable insights into improving their contract processes. Learning outcomes include:
Understanding the Importance of Content in Contracts: Recognize the pivotal role clear, balanced, and well-structured contracts play in the lifecycle management process, and how they contribute to more streamlined negotiations and implementations.
Strategies for Contract Simplification: Learn from Chris’s practical tips on drafting modular contracts and using plain language to make contracts more accessible and easier to manage.
Impacts of Contract Optimization: Discover the tangible benefits of optimizing contract content through Chris’s real-world examples, which illustrate reductions in legal spend and negotiation times, ultimately speeding up business processes.
Incorporating Legal Engineering: Gain an appreciation for the interdisciplinary approach of legal engineering and how it can be applied to improve the effectiveness of legal departments and the services they provide.
This episode is essential for anyone involved in contract management, legal innovation, or looking to better understand the intersection of law and technology. Chris's insights offer valuable guidance on making contractual processes less daunting and more efficient, ensuring that the content of contracts aligns with and supports business objectives. Tune in to learn how to optimize your contracts for a clearer, more streamlined future in contracting.