AI Use Case

Analyse legal documents and extract important data points and clauses

Analyse legal documents and extract important data points and clauses - potentially to inform further workflows or simply to focus legal experts on the most relevant areas of work.

Function

Legal And Compliance

Legal

Benefits

Cost - Job automation,Risk reduction - Reduced legal exposure,Data - Data mapping / labelling

Case Studies

"JPMorgan~JPMorgan reduced lawyers' hours by 360,000 annually by automating loan agreement analysis with machine learning software COIN",JLL~JLL plans to roll out Leverton's automated contract analysis and management to make its lease management system more efficient ,"AlphaSense~JP Morgan Asset Management, Credit Suisse and Pfizer are using smart search engine to scan through thousands of documents, generating reports ",Public Prosecutor's Office of the City of Buenos Aires~The Public Prosecutor's Office of the City of Buenos Aires automates about 50% of the normal workload and produces rulings with artificial intelligence ,Inter-American Court of Human Rights~The Inter-American Court of Human Rights automates repetitive legal tasks using AI

Industry

Financial Services

Banking

Data Sets

Text

AI Technologies

Product - Optical Character Recognition (OCR),ML Task - Prediction - Annotation,ML Task - Prediction - Data Translation/Transformation,Machine Learning (ML),Traditional AI,Product Type - NLP - Text Entity Extraction,Product Type - Natural Language Processing (NLP)

Potential Vendors

Leverton,ZTZ Tech Group,ZTZ Tech Group