First, Relativity is very much hoping to be more than just a platform for litigators and second, companies such as Chicago - based Heretik are showing that you can run a machine learning
doc review system for transactional or compliance lawyers through Relativity just as easily as you can for other practice needs.
While LegalSifter is
a doc review system, one of its key uses is at the negotiation stage of a contract.
MDR LAB was set up by UK law firm Mishcon de Reya and helped a group of start - ups, several in the legal tech space including one Contracting Automation Tool (CAT) and one legal AI
doc review system, to learn more about the needs of a large commercial law firm and to work with them to improve their product.
That inevitably means that while a Nordic law firm, or an inhouse legal team, can perhaps use an AI
doc review system «out of the box» to explore English language contracts in a due diligence exercise, for example, moving onto Swedish legal documents will demand additional training.
Not exact matches
For example, it has previously been noted in Artificial Lawyer that Kira
Systems»
doc review software is part of Axiom's armoury of AI tools.
Unbundling is going to increase for two reasons: 1) it lends itself to more affordable fixed pricing and convenient delivery and 2) almost all of these many legal tech startups that are cropping up involve the practice of unbundling either by providing it themselves through their tech platforms with expert
systems or
doc automation or by the lawyers who participate in their branded networks to deliver unbundled services in the form of guidance, advice, strategy,
review, drafting, etc..
The news is a good illustration of how a legal AI
doc review company, Kira
Systems, can work with an expert
system, Neota Logic, and a collaborative legal data - sharing platform, HighQ.
Kira
Systems» AI
doc review tech will be used for contract analysis at the firm on a major scale.
This week legal AI company, Kira
Systems, announced that it is being used by White Shoe, New York law firm, Davis Polk & Wardwell for transactional
doc review.
While legal AI companies have made great progress in winning the top tier of firms in the UK, in Europe and also in the Asia - Pacific region, the absolute top end of the US transactional legal market has been a little slower to adopt, at least publicly, the use of legal AI
systems for
doc review work, such as for M&A due diligence.
Two years ago legal AI
systems conducting
doc review for M&A transactions were seen somewhere between a novelty and «robots»... (remember when people still used that term to talk about legal AI software...?)
Kira
Systems» AI
doc review...