82,891
edits
Contract analysis: Difference between revisions
no edit summary
Amwelladmin (talk | contribs) No edit summary |
Amwelladmin (talk | contribs) No edit summary |
||
| (6 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
{{a|devil|{{ | {{a|devil|{{image|Zen|jpg|“Sir! Sir! I’ve found an [[indemnity]]!”}}}}Luminaries, [[thought leader]]s and [[digital prophet]]s will tell you that machines can now read and annotate contracts, such that yon poor [[legal eagles]] are no longer needed and will shortly have no choice but to work as [[technological unemployment|pleasure droids]] for our transistor-based overlords. | ||
Quoth one such [[digital prophet]]: | Quoth one such [[digital prophet]]: | ||
| Line 8: | Line 8: | ||
[[Get your coat]], [[legal eagles]]. | [[Get your coat]], [[legal eagles]]. | ||
<center>[[***TOP URGENT***|+++ TOP URGENT UPDATE +++]] </center> | |||
J.P. Morgan’s “COIN” machine was reported as long ago as June 2017. Since then, about 2.8 million minutes have floated under the bridge and into the dark maw of history. Now, if they left COIN running that whole time, it would have accumulated one ''trillion'' lawyer hours by now. At 50 chargeable hours a week (conservative!) and factoring holidays, that would equate to the power of 1.8 ''billion'' ''lawyers'' working full time ''since the beginning of the Christian era''. With all that lawyering, we would like to think the world would be slightly better legal shape than it seems to be. We can therefore only conclude that J.P. Morgan has since switched its machine off. Does anyone know for sure? Do [mailto:enquiries@jollycontrarian.com write in]. | |||
<center>+++ END OF UPDATE +++</center> | |||
===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''. | ||