updated on 19 October 2018
Twelve international City law firms have signed up to help develop a new ‘one-stop shop’ providing artificial intelligence (AI) software to lawyers.
The new lawtech appstore created by international start-up Reynen Court will provide a range of third-party AI software that lawyers can use to automate previously time-consuming tasks, while protecting firms’ and clients’ data.
As the Law Gazette reports, the firms that have agreed to advise on the project include giants from the magic circle, as well as major US-headquartered firms. They are:
Clifford Chance and Latham & Watkins are acting as the co-chairs for the group of firms’ work on the venture.
Paul Greenwood, chief information officer at Clifford Chance, said: “To ensure we are continually delivering the best outcomes in the most efficient way, we invest in smart technology and apply our extensive legal expertise. However, as the number of technologies and their adoption grows, to remain efficient and secure they need to be managed and integrated smoothly and carefully.”
Ken Heaps, chief information officer at Latham & Watkins, said: “We are delighted to be partnering with Reynen Court as a range of new and exciting automation and machine-learning technologies come to the market.”