The Future of Contracting featuring guest Tim Cummins, President, IACCM

Here is an interview with Tim Cummins, president of IACCM, who tells us what the future of contracting will look like in the next decade.

In this episode, NEX host Kingsley Martin and Tim Cummins discuss:

  • The most important legal technology changes that will happen in the next decade
  • The benefits of contract lifecycle management technology platform tools and how to make the most of data-driven contracting methods
  • How the European Commission (EC) is thinking about new ways to measure EC economic activity as a contract ecosystem

“Ten years from now, I think we will absolutely have seen a massive increase in the standardization of contract terms. We are moving toward a world of greater clarity, of intelligibility, and we start to understand the performance and outcome impacts of our terms and conditions.” -Tim Cummins

About Guest Tim Cummins, President, IACCM

Tim Cummins is President of the International Association for Contract & Commercial Management and leads the Association’s extensive research programs and interactions with universities and business schools. Prior to IACCM, Tim’s business career included executive roles at IBM including a period on the Chairman’s staff, leading studies on the impacts of globalization and the re-engineering of IBM’s global contracting processes. His earlier career involved the banking, automotive and aerospace industries, initially in Corporate Finance and later in commercial and business development. He led negotiations up to $1.5 billion in value and his work has taken him to over 40 countries.

Tim’s writing is extensively published and he has acted in an advisory capacity to government bodies in countries that include the US, UK, Australia, Canada, and Japan, as well as regular briefings to senior managers at many of the world’s largest companies.

About Host Kingsley Martin, Chief Contract Scientist, Akorda

Kingsley Martin is Chief Contract Scientist and Co-founder of Akorda.  In this role, he guides the development of Akorda’s AI software by creating data-driven methodologies that form the basis of contract science. Kingsley regularly consults with law firms, large corporations, and governments to optimize their contacting processing. Kingsley is also the founder of KMStandards and Kingsley served as CIO at AmLaw 100 firms and held strategic planning roles at Thomson Reuters. Kingsley holds law degrees from Oxford University and Harvard Law School.

Kingsley Martin

Kingsley is a founder of Akorda. He holds law degrees from Oxford University (First Class Honours) and Harvard Law School, and has 30 years of experience in the practice of law, software design and development, strategy, and management. Kingsley pioneered the new discipline called contract analysis. He is a founder of KMStandards and has developed software capable of automatically analyzing legal agreements and creating contract standards.

How Telos is using Akorda

Telos is a 770 person rapidly growing organization that mainly works with governments and agencies. The company is the global leader in enterprise, cyber and cloud security.
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About Akorda
Akorda is a CLM platform that accelerates the contract process for teams within a unified workspace, using AI to speed up legal review and negotiation time.