With the amount of data held in the enterprise growing exponentially, the challenge of finding, reading and understanding relevant information is growing proportionally. RAVN’s Artificial Intelligence (AI) technology, RAVN Applied Cognitive Engine (ACE) mirrors human expertise by understanding unstructured data to automate the process of extracting and distilling key information from within the documents.

How can this technology benefit the Law firm?

We want to demystify the concept of Artificial Intelligence and its usage in the corporate world. There has been a lot of hype around AI and we want to explore the real practical applications and how it could open up new possibilities.

Whilst AI technology can be focused inwardly at the law firm, several opportunities arise to open up new business services.

Increase efficiency & competitive advantage: This technology can fast-track the review process and automate information extraction. It can even produce contract summaries of key provisions in an easy-to-review format resulting in faster turn-around for the client, freeing up capacity for fee-earners and critically, enabling firms to improve their margins.