Baker McKenzie signs deal with artificial intelligence provider for M&A contract review
Firm to use AI technology in Hong Kong, Singapore, Germany, Vienna, Toronto and Chicago offices
August 03, 2017 at 06:08 PM
2 minute read
Baker McKenzie has signed a deal to use US artificial intelligence (AI) provider eBrevia.
The document review company, founded by former Paul Hastings associate Ned Gannon, will provide services to the firm in nine of its offices.
The contract review technology will be used in Bakers' bases in Hong Kong, Singapore, Kuala Lumpur, Frankfurt, Zurich, Munich, Berlin, Duesseldorf, Vienna, Toronto and Chicago, with other locations also under consideration. The software will be used to assist on M&A and other transactional work.
Bakers global chair Paul Rawlinson said: "Digitisation, AI and machine learning are all very real, and the legal industry is right in the middle of the changes they will bring. Being truly innovative means listening to clients and understanding the challenges they face – so we can adapt and make sure the service we provide fits not just for today's technological challenges but also for the future."
Earlier this year, the firm launched a global innovation committee chaired by Amsterdam-based tax partner Erik Scheer, in an effort to keep on top of changing client needs.
The news comes after elite US firm Cravath Swaine & Moore recently signed a deal to use UK software company Luminance's AI technology. London-based Luminance is part-owned by Slaughter and May, which has a longstanding relationship with Cravath. The magic circle firm took a small equity stake in the business in return for its help developing the software last year.
Other firms to have inked deals with AI software providers such as Kira Systems, Luminance and ROSS Intelligence in recent years include Clifford Chance, DLA Piper, Dentons, Freshfields Bruckhaus Deringer, Latham & Watkins, Linklaters, Travers Smith, and Wachtell Lipton Rosen & Katz.
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