Challenge

  • Global law firm, Clifford Chance, launched an in-house lab to ‘foster internal idea generation and interdisciplinary solution development’
  • After running a trial run, the firm selected Analyse Documents for one of its major global banking clients
  • The Clifford Chance data lab built out complex document analysis solutions for its clients with ongoing support from Elevate’s AI and data science team

Solution

  • Highly customisable with configurable data extractors to find legal domain-specific language
  • Integrates with customer platforms, including CLMs and cloud storage services
  • Preconfigured for banking and finance, plus LIBOR analysis and remediation
  • Team of legal AI and data scientists consults directly with customer’s team to create custom AI-powered solutions

Impact

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Analyses large amounts of data quickly and integrates with other technologies
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Data security architecture meets strict demands of banking industry
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Used to build custom document analytics for any practice area including M&A, commercial law, real estate, supplier management, and insurance
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Decreases time spent on repetitive document work and data extraction
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Learns and improves over time allowing lawyers to focus on higher-level work and produce better outcomes for clients

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