Reading may be fundamental, but it certainly isn't cost-efficient. That was the upshot of Legalweek 2019′s "The Golden Age of Contractual Insight and Innovation is Near: But First, You Need a Universal Data Model" panel on Tuesday.

Moderated by Jamie Wodetzki, chief product officer and co-founder of Exari, the panel explored the challenges lawyers face in trying to quickly review or retrieve key pieces of data from existing contracts. Joining Wodetzki were Oliver Round, counsel and vice president of BNY Mellon, and Michael Willis, director of forensic technology solutions at PricewaterhouseCoopers.