Uría Menéndez’s artificial intelligence project underway
Agreements have been signed with two leading companies in the field, Luminance and RAVN Systems.May 12, 2017
Uría Menéndez joins the use of artificial intelligence (AI) techniques in the legal sector with two leading companies, Luminance and RAVN Systems. In both cases, the firm will be involved in giving the training of its systems in Spanish.
The project with Luminance, which offers one of the most up-to-date AI platforms in the legal sector, enhances the efficiency of contract review processes. Luminance is based on a technology developed at Cambridge University, and several European firms are already using it.
The firm has also signed an agreement with RAVN, a leading company in AI, search and knowledge management solutions, to improve the RAVN Extract application by creating a Spanish robot that will help analyse documents in due diligence processes. RAVN Extract is an application built upon RAVN's Applied Cognitive Engine (RAVN ACE), an AI platform which automatically reads, interprets and extracts key information from unstructured data into any desired business output. Some firms and British institutions are already using RAVN in their daily work.
Uría Menéndez is strongly committed to these new technologies which will enable it to continue adding value and innovation to the service it provides its clients. For Santiago Gómez Sancha, director of the firm’s IT department, "their real potential, far beyond reviewing contracts or facilitating due diligence processes, is the possibility of them providing assistance to lawyers by freeing them of the more tedious and less productive tasks and thus ultimately improving the efficiency of the service provided to the client".