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Contract analysis: Difference between revisions
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[[Get your coat]], [[legal eagles]]. | [[Get your coat]], [[legal eagles]]. | ||
+++ UPDATE +++ UPDATE +++ | |||
J.P. Morgan’s “COIN” machine was reported as long ago as June 2017. Since then there have been about 2.8 million minutes. If they left COIN running it would have accumulated one ''trillion'' lawyer hours by now — taking into account 50 chargeable hours a week and 5 weeks holiday a year, that would be 1.8 billion lawyers working full time since the time of Christ — so you would like to think the world would be slightly better legal shape by now than it seems to be. | |||
===Contract analysis or data extraction?=== | ===Contract analysis or data extraction?=== | ||
But remember what is going on here: a bank is reviewing thousands of ''its own'' contracts. They will be rendered in overwrought prose no doubt, but — even allowing for template variations and [[Legal evolution|evolution]],<ref>By which I mean periodic [[Cambrian explosion]]s of [[flannel|flannelry]] to which not even the House of Morgan is immune.</ref> ''the contracts will all be basically the same''. | But remember what is going on here: a bank is reviewing thousands of ''its own'' contracts. They will be rendered in overwrought prose no doubt, but — even allowing for template variations and [[Legal evolution|evolution]],<ref>By which I mean periodic [[Cambrian explosion]]s of [[flannel|flannelry]] to which not even the House of Morgan is immune.</ref> ''the contracts will all be basically the same''. | ||