Legility, a New Law company serving over one-third of the Fortune 100 and one-quarter of the Am Law 200, has partnered with eBrevia to improve the efficiency of its lawyers’ contract review. This partnership will see Legility’s legal experts leveraging eBrevia technology to condense project timeframes and improve the accuracy of their results by embedding eBrevia's AI into tech-enabled Enterprise Legal Solutions.
Preethy Prakash will be joined by Paul Jolas (US Concrete) and Ron Tienzo (Legility), discussing how to get the most out of AI in legal tech. This panel is part of Symposium by Legility, which brings together leaders in general counsel, legal ops, cyber and data governance, litigation and discovery.
eBrevia parent company DFIN announces sponsorship of RegTech Data Summit in New York City. Ned Gannon, eBrevia president, will be featured in the discussion “Enterprise Digitization Panel: Data Management, Emerging Tech, and Risk.” Craig Clay, DFIN’s President of Global Capital Markets, will also be in attendance, kicking off the introduction and delivering closing remarks.
In a panel discussing the ins and outs of AI and its effects on the legal profession, Ned Gannon was joined by Rory Radding (Locke Lord LLP), Alexander Puutio (United Nations), Diane Holt (Bloomberg Law), Jonathan Askin (Brooklyn Law School), and Matthew D’Amore (Cornell Tech). The New York State Bar Association’s Spring Meeting was held at Davis Polk & Wardwell LLP in New York City.
eBrevia president Ned Gannon was a featured panelist at the legal technology conference “Document Review, Analysis & Interpretation Using AI”. The event, held at the University of Chicago, provides insight to professionals in the legal industry looking to implement AI.
PLI hosts eBrevia co-founder Adam Nguyen for their discussion entitled “What is AI? AI in the legal industry”. The topics covered include basic overviews of AI, the differences between specific and general AI, different use cases of AI in legal, and an AI demonstration. Nguyen is joined in this panel discussion by Dennis C. Garcia (Microsoft) and Charles M. Post (BNY Mellon).
During this CLE eligible session, eBrevia co-founder Adam Nguyen joins Amy Sellars (Walmart), Huu Nguyen (Squire Patton Boggs), Scott Bailey (Squire Patton Boggs), and Lara Trujillo Webb (PwC) to discuss what makes an AI project a success in corporate legal departments and law firms. This discussion follows the lifecycle of an AI solution and touches on what the future may hold for legal tech.
Thomson Reuters has won Technology Supplier of the Year at the 2018 British Legal Awards. This award was granted for their solution to challenges involving GDPR for The Automobile Association. The solution consisted of a collaborative implementation of tools and services including eBrevia, Pangea3 Legal Managed Services, SYKE, and Contract Express.
eBrevia co-founder Adam Nguyen joins the panel discussion, Innovation in Legal/compliance Reg Tech, at Societe Generale's Innovation & Digital Day. The panel also features Lisa Roitman and Reshma Khamis from Bloomberg, and iCash founder Will McDonough. The panel explores the importance of contract and vendor management; how innovation drives opportunity and revenue; and how legal, compliance, and risk management professionals can leverage technology like eBrevia to further their goals. Hosted by Societe Generale, the Innovation & Digital Day conference outlines the impact of cutting-edge technology on financial services.
Ned Gannon, eBrevia co-founder and CEO, was a featured panelist in the 14th annual Corporate Securities Forum. Titled “New Technology for Legal and Finance Professionals,” the panel explored the roles technology plays, the benefits produced, and specific case studies and practical use cases. Other panelists included Jeffrey Libson and Anna Moca from Cooley, Vicki Amand from EY, and Thomas O’Reilly from AuditBoard. The event was hosted by Donnelley Financial Services and held at the Union League of Philadelphia.
As part of an event that brings together legal practitioners and thought leaders, eBrevia's co-founder Adam Nguyen shares the most effective ways of applying today’s legal technology. His presentation highlights the use cases addressed by the combination of eBrevia’s software alongside Thompson Reuters’ Legal Managed Services and Contract Express. Generate 2018 is held in London this September.
eBrevia co-founder and CEO Ned Gannon presented as part of an evening of legal tech discussion and networking in New York City’s Chrysler Building. Hosted by the group NY Legal Tech Meetup, the event brought together lawyers, technologists and legal tech experts. As a top legal tech company in New York City, eBrevia is happy to participate in events such as this to help build the growing NYC legal tech ecosystem.
eBrevia cofounder and CTO Jacob Mundt explores the benefits of using eBrevia’s artificial intelligence within the Box environment at this year’s BoxWorks convention. Hosted by Box, one of the world’s top file sharing platforms, BoxWorks brings together leaders from the tech sector and various industries to explore the application of the latest technology. The presentation takes place on August 29 in San Francisco, CA.
Ned Gannon, eBrevia’s co-founder and CEO, will participate in a panel entitled Artificial Intelligence Beyond the Hype at ILTACON 2018 in National Harbor, MD on August 23rd. The panel is one of a series of four addressing artificial intelligence in the legal industry. Other panelists include Andrew Arruda, co-founder and CEO of ROSS Intelligence and Jake Heller, founder and CEO of Casetext. The panel will be moderated by Richard Tromans, Legal Industrialist and founder of Artificial Lawyer. The panel will discuss successes, challenges and best practices in the implementation of AI for a variety of legal use cases. The event is hosted by the International Legal Technology Association (ILTA).
On a panel titled “Leading by example: Legal technology in action,” eBrevia's co-founder Adam Nguyen discusses how eBrevia's clients are increasing efficiency in their legal and compliance departments, as well as business units, by deploying eBrevia’s artificial intelligence software. The panel presents key findings and a client case study from the newly-formed venture between eBrevia and Thomson Reuters. This panel also features Maniti Barot and Andy Wishart from Thomson Reuters, and Alistair Maiden from Syke.
Ned Gannon, eBrevia’s co-founder and CEO, joined a prestigious panel of AI thought leaders at Invest Canada ’18 in Calgary. The session entitled “Artificial Intelligence: Cutting Through the Hype” looked through the noise to explore actual experiences in the successful identification and application of modern machine intelligence techniques in a number of industries. The panel also included Kevin Collins, co-founder and CEO of Bit Stew Systems (acquired by GE) and Jimoh Ovbiagele, co-founder and CTO of Ross Intelligence. It was moderated by Shawn Abbott of iNovia Capital. Invest Canada is Canada’s premier private equity and venture capital conference and each year draws investors, companies and service providers from around the world.
Ned Gannon, co-founder and CEO of eBrevia, presented as part of a webinar entitled Lessees and Lessors: The New ASC 842 Rules. Ned focused on how machine learning technology assists corporations as well as their audit/consulting firms in the onerous contract review tasks associated with complying with the new standard. Other presenters included Tony Aponte, a Senior Manager at Ernst & Young, and Jaime Krug, a Partner at Centri Business Consulting. The webinar was sponsored by Donnelley Financial Solutions and also covered the most significant changes from ASC 840 to ASC 842 as well as steps for implementation.
eBrevia and Big Four firm PwC announce a joint business relationship to apply AI driven review across a wide range of applicable matters including GDPR, Brexit, IFRS 16 and ASC 842, IFRS 15 and ASC 606, mergers, acquisitions, divestitures, financings, and real estate portfolio review. PwC's use of eBrevia industry leading AI software will increase efficiency and accuracy of abstraction of key terms from unstructured data. This relationship is a result of over 2 years of evaluation and use of eBrevia's software. PwC has been ranked as the most prestigious accounting firm in the world for seven consecutive years by Vault Accounting 50.
“Integrating eBrevia with our solutions has been instrumental in our drive to innovate and deliver greater value to PwC’s clients. Our solutions were digitally-enabled and significantly benefited from the software’s machine learning capabilities, its ease of use, accuracy and speed,” said Alexandre Blanc, a PwC Principal. “This has differentiated us in the market, and we look forward to further incorporating eBrevia into PwC’s existing solutions and innovation strategies.”
Using eBrevia to meet tight deadlines, small teams can quickly review large quantities of documents in connection with GDPR, Brexit, lease accounting standards IFRS 16 and ASC 842, and revenue recognition standards IFRS 15 and ASC 606, as well as mergers, acquisitions, divestitures, financings, and real estate portfolio review.
“We are thrilled that clients have benefited from the combination of PwC’s deep domain expertise and eBrevia’s cutting-edge machine learning technology,” said Adam Nguyen, eBrevia’s Co-Founder. “With eBrevia’s Bespoke self-training module, PwC has leveraged its extensive knowledge to train our system to extract granular custom data for many types of transactions and industries. Coupled with eBrevia’s out-of-the-box, pre-trained provisions and an intuitive user-interface, our collaboration has delivered significant gains in efficiency for clients.”
As part of Harvard Law School's bicentennial celebrations in Rome, Italy, eBrevia's co-founder Adam Nguyen participates on the panel, FinTech: Blockchain and Artificial Intelligence, to explore recent technological advances in the financial services industry, particularly in light of regulatory changes, such as GDPR and Brexit, that place increasing burdens on legal and compliance functions. Sponsored by the Harvard Law School Alumni Association of Europe and the Harvard Alumni Association, the panel also includes Fabio Panetta, Member of the Governing Board and Deputy Governor of the Bank of Italy, Mariarosaria Taddeo, Research Fellow and Deputy Director of the Digital Ethics Lab. Oxford Internet Institute, University of Oxford, and Lizanne Atherly, Founder of Minds2Capital.
Online legal technology journal Artificial Lawyer interviews eBrevia's co-founder Adam Nguyen about the direction of eBrevia, the recent collaboration with Thomson Reuters, and the future of AI in legal tech. According to Adam, "As things stand, purely human review is too costly, time-consuming, error-prone and not sustainable. While you’ll see an increasing share of contract review work shifting from law firms to ALSPs and similar, I expect that eventually everyone involved in contract review – whether it’s law firms, ALSPs, the Big 4 audit firms, or in-house legal departments – will adopt some form of AI-assisted solution." You can read the rest of the interview by following the link below.
Artificial intelligence is being incorporated into almost every industry, and executives are wondering how AI technologies can make or break their businesses. Adam Nguyen, co-founder of eBrevia, a leading AI contract analytics software provider, shares his perspectives on the adoption of AI across a number of industries, as well as the related ethical, legal and regulatory challenges, during the Symposium on Innovation at Bloomberg in New York City (sponsored by the Harvard Law School Alumni Association of New York City and the Harvard Alumni Association).
As described below in LegalTech News, Thomson Reuters announced a new partnership with eBrevia, where the company’s legal managed services team will use eBrevia’s technology for its contract remediation projects and train it to be used in broader use cases. Thomson Reuters selected eBrevia as an AI contract analytics partner from a wider pool of similar technology platforms using three main criteria: the speed and efficiency of the tool, its accuracy and its ability to handle nontraditional content. Thomson Reuters will also leverage eBrevia’s software to extract contract data and intelligence to help power the company’s Contract Express platform, which generates clauses for contract drafting.
“We sought an innovative partner that not only could deliver results but also could work with us to build something beyond just traditional data extraction,” said Eric Laughlin, managing director, Thomson Reuters Legal Managed Services. “To make our selection, we pressure-tested emerging abstraction technologies with real world contract sets, and found that the machine learning technology employed by eBrevia delivered consistent results while offering excellent project management and quality control features.”
“We are pleased that eBrevia’s machine learning technology will be used by managed services professionals at Thomson Reuters to augment their deep domain expertise to deliver both time savings and increased accuracy for contract remediation and other use cases,” said Adam Nguyen, eBrevia’s co-founder.
Related coverage from LegalIT Insider:
Managed services + integrated tech: What Thomson Reuters commercial contracts collaboration with eBrevia means
Related coverage from LegalTech News:
Thomson Reuters Turns to eBrevia to Augment Contract Services
Related coverage from Artificial Lawyer:
Thomson Reuters Brings In Legal AI Co. eBrevia In Breakthrough Development
Duff & Phelps, a top global valuation and corporate finance advisor, has selected eBrevia’s artificial intelligence technology to deploy throughout the enterprise for faster contract review. The firm is leveraging eBrevia's award-winning software in support of a variety of use cases. These increasingly include not only for transactional work and large-scale contract review projects but also assisting clients in complying with IFRS 15, IFRS 16, and GDPR.
eBrevia is pleased to announce inclusion in the National Law Journal's Legal AI Leaders, a listing of companies that are leading the legal industry by advancing AI technology. Beginning in 2013, the National Law Journal started publishing its Trailblazers series, featuring innovative professionals in the legal world. This year, after months of research, the ALM owned periodical published its inaugural Legal AI Leaders list, applying the same Trailblazers concept to companies furthering the technology of artificial intelligence within the legal profession.
Adam Nguyen, eBrevia's co-founder and COO, speaks at the ABA's Corporate Counsel CLE Seminar in La Quinta, CA on what artificial intelligence can do today and may be able to do in the future for the legal profession. The panel, “Autonomous Lawyering: Predictive Analytics and Artificial Intelligence are Changing the Practice of Law”, also explores the legal restrictions on lawyers’ use of AI and the implications of AI for the legal profession.
eBrevia's co-founder & COO, Adam Nguyen, presents case studies showing how eBrevia’s clients have achieved great results by combining eBrevia's artificial intelligence solutions and professional services. The LegalTech educational track, “The Future for ALSPs is Now: How Combined Service/Technology Solutions Build Scale and Leverage Emerging Technologies”, also features Jeff Sharer, Co-chair of Akerman’s Data Law Practice.
In an article outlining the benefits of legal technology, eBrevia was highlighted as a useful and cost-saving solution. The Financial Times article lists Baker McKenzie’s use of eBrevia for due diligence on contracts, and focuses on how technology will continue to play a major role in the legal profession.
eBrevia was named one of the top ten transactional support services companies to watch in 2018 by Disruptor Daily. Disruptor Daily writes that “eBrevia artificial intelligence is unprecedented in its ability to automate contract review” and that "eBrevia is changing the way the legal industry reviews its contracts.”
Ned Gannon, eBrevia’s CEO, joined a panel entitled Deep Dive into New Accounting Standards as part of the 21st Annual SEC Hot Topics Institute sponsored by Donnelley Financial Solutions in Cleveland, OH. The panel of legal and accounting experts focused on implementation of the revenue recognition (ASC 606/IFRS 15) and lease capitalization (ASC 842/IFRS 16) accounting standards. One of the major pain points in the implementation process for complying with each of these standards is the review and extraction of data from large volumes of customer contracts and leases respectively. eBrevia’s machine learning software is well-suited to assist with this task. Other panelists included Richard Stovsky, PwC, Gerard Emery, EY, and Marybeth Shamrock, KPMG.
In partnership with Donnelley Financial Solutions, Preethy Prakash, eBrevia’s Director of Account Management, presented a CLE course entitled “Artificial Intelligence and Contract Review” for the Nashville chapter of the Association of Corporate Counsel. The CLE was held at HCA's headquarters, and described the origins of artificial intelligence, how it works, and implications for the legal industry today.