Ned Gannon Discusses the Impact of Contract Automation at Emerging Legal Technology Forum
Thomson Reuters and MaRS LegalX presented the Emerging Legal Technology Forum at MaRS Discovery District in Toronto, a premier forum showcasing top legal industry professionals and change leaders taking a comprehensive look at ways to use technology to revolutionize legal practice.
The program examined the current state of technologies available and the impact they have in the firm, how contract and document automation change the transactional practice, the design change requirements to leverage technology to improve delivery of legal services, and the power in leveraging legal data analytics.
The panel entitled “Object Lesson: How Contract Automation is Changing the Transactional Practice” featured:
Ned Gannon, Chief Executive Officer, eBrevia, Inc Fred Headon, Assistant General Counsel – Labor and Employment Law, Air Canada Mara Nickerson, Chief Knowledge Officer, Osler, Hoskin & Harcourt LLP Mark Tamminga, Partner, Leader of Innovation Initiatives, Gowlings WLG Andy Wishart, Global Head – ContractExpress, Thomson Reuters
eBrevia and Adam Nguyen Featured in ABA Journal's Cover Story: How Artificial Intelligence Is Transforming the Legal Profession
Artificial intelligence is changing the way lawyers think, the way they do business and the way they interact with clients…It is the next great hope that will revolutionize the legal profession.
Sobowale notes some standout companies harnessing AI in ways that will transform the legal profession for the better, among them ROSS, NexLP, Riverview Law, and eBrevia. “What makes eBrevia different,” says Sobowale, “is the program’s ability to learn how to do searches [within contracts] more efficiently.”
eBrevia COO Adam Nguyen explains how lawyers can benefit from using AI tools:
Technology that automates tedious tasks, while not a panacea, can free up lawyers’ time to perform higher-level, more intellectually satisfying work which clients would be willing to pay for…It’s clear we need a solution that increases lawyers’ productivity while helping to deliver legal services at the level expected by clients.
With the AI revolution on the horizon, in Sobowale’s words, “maybe it’s not so scary after all.”
Adam Nguyen Speaks on AI and Efficiency at ABA TechShow 2016
Sue Banerjee Discusses The LegalTech Revolution: How Innovation is Transforming Legal Services
In AngelList today, there are over 1,000 LegalTech companies compared to a mere 15 in 2009. Sue Banerjee, eBrevia's VP of Client Relations, joins other legal technology experts in Palo Alto, Ca, to explain how and why the industry has grown so dramatically.
The panel discusses the biggest legal tech trends, economics of legal tech valuations, and key performance indicators that legal organizations should look at when implementing innovative technologies. Attendees include in-house lawyers, outside counsels and licensing professionals interacting with legal departments.
Ned Gannon Discusses Machine Learning and its Benefits
Ned Gannon, eBrevia's CEO, answers questions about eBrevia's contract review platform -- how it began, who the software is helping the most, and why machine learning is an essential component -- in this new Evolve Law podcast. Metrics on the benefits eBrevia brings to lawyers practicing contract review are also discussed in the episode.
To see the case study Ned mentions in the podcast, in which one Reitler Kailas & Rosenblatt corporate attorney saved a weekend of contract review, go here.
Evolve Law is a community for legal innovators, hosting events and content that spark ingenuity in the legal industry. You can subscribe to their podcast on iTunes or wherever you get your podcasts to get regular updates on the newest legal trends, innovations, and ideas. To find out more about Evolve Law or to become a member, go to evolvelawnow.com.
Adam Nguyen Discusses Artificial Intelligence & the Future of Law Practice
How will technology impact the practice of law in two, five, ten years from now? On Friday, February 26, Adam Nguyen, eBrevia's Co-Founder, speaks alongside Bridgewater Deputy General Counsel Sylvia Khatcherian and LexisNexis Vice President Lynn Reynolds on the changes legal professionals should expect not only in the practice of law, but also in clients' business models.
Hosted by Debevoise & Plimpton, the panel discussion is part of the International Bar Association's Women’s Leadership Summit in New York City, February 25 - 26, 2016. The two-day event covers a range of topics, from meeting client expectations to where legal technology is headed.
Ned Gannon Named Legal Tech Entrepreneur to Watch
From risk assessment, to corporate management, to document analytics, the legal industry is seeing an array of innovative tools being developed for its unique needs. Enterprise software site Capterra has identified five entrepreneurs unafraid to challenge the status quo, with eBrevia CEO Ned Gannon among them. Check out the full list to see some of the ways entrepreneurs are bringing speed and automation to law and get the inside scoop on eBrevia's founding story.
Ned Gannon Showcases Automated Contract Review at ABA’s 2016 M&A Committee Conference
In coordination with event sponsor RR Donnelley, Ned Gannon, eBrevia’s CEO, presents The Latest Techniques and Tools to Streamline Due Diligence at the American Bar Association’s 2016 M&A Committee Conference in Laguna Beach, CA. The talk covers how artificial intelligence is being applied on the transactional side of the legal industry and focuses on contract analytics specifically. The audience consists of approximately 150 corporate attorneys, and the presentation includes a lively Q&A session.
RR Donnelley Streamlines Due Diligence Using eBrevia's Machine Learning Technology
For legal professionals using RR Donnelley's Venue virtual data room, contract review just got a whole lot easier. eBrevia has partnered with RR Donnelley to introduce Venue contract analytics, an integrated virtual data room and contract analytics solution that allows Venue users to seamlessly expedite due diligence with artificial intelligence powered by eBrevia.
One of the most widely used virtual data rooms by legal professionals, Venue is in a position to significantly improve how legal due diligence is done today. Legal professionals reviewing contracts for mergers, acquisitions, and financings now can have complete confidence in knowing they're performing the most accurate, fast, and secure contract review possible.
“The Venue virtual data room is one that financial and legal professionals know and trust, so we are very excited to support Venue virtual data room users with our cutting-edge contract analytics capabilities,” said eBrevia CEO Ned Gannon.
Jacob Mundt Among Top Professionals 35 & Under Impacting Legal Tech
Smart, talented, transforming the world, and all 35 and under, LinkedIn's Next Wave identifies today's top young influencers in industries from enterprise technology to healthcare. In the legal industry, eBrevia CTO Jacob Mundt was named one of the top 10 individuals changing legal for the better.
"While legalese can seem unreadable to the non-lawyer," he tells LinkedIn, "it is actually quite formalized and structured, which makes this a great fit for natural language research." But the Columbia grad isn't looking to take away legal jobs; he says lawyers will still be around in 20 years — just doing more important work.
Together, the brightest minds in legal technology and design are making legal work not only more effective, but more enjoyable, too. See the full list of Next Wave legal innovators here.
The Future of AI and White Collar Automation for Legal Services
"Smart software is going to infiltrate the workplace in heretofore unexpected places." In this article for Legaltech News, John Waters covers the advent of artificial intelligence and a number of its implications for the legal industry.
“The good news for law firms is that software is already beginning to take on many of the routine and predictable tasks of the profession,” says phenomenon author and futurist Martin Ford. According to Ford, “machine learning is poised to impact the legal sector.” Ford explains machine learning technology, and how eBrevia is using it to reinvent contract review:
“Machine learning” refers to software that can learn from data and act without being programmed—think email spam filters that learn to recognize junk or self-driving cars. One vendor developing solutions in this area is venture-backed startup eBrevia. The Stamford, CT-based company leverages AI research from Columbia University to develop solutions that employ machine learning technology to automate such processes as due diligence, contract management, lease abstraction, and document drafting.
As artificial intelligence solutions continue to be developed, it's likely that law firms will increasingly leverage AI tools in machine learning, data mining and predictive analytics to improve their practices.
eBrevia Disrupts Lease Abstraction Using Artificial Intelligence
Real Estate Tech News reviews the capabilities and impact of eBrevia’s Lease Abstractor in this article, calling the recently released software “groundbreaking” in that it makes extracting vital financial and legal data from commercial leases dramatically easier and more accurate.
“Lease abstraction has proven to be vital to commercial real estate companies in the last few years,” notes the real estate technology publication. Using eBrevia’s Lease Abstractor, “real estate professionals will be able to deploy the power of artificial intelligence technology in order to extract data for property management, portfolio optimization, due diligence, compliance, cost recovery, audits, and even budgeting and forecasting.”
Automated Contract Analytics Gets Smarter with eBrevia's Machine Learning Technology
With the advent of machine learning technology, contract analytics has become a sector ripe for innovation and disruption in the legal industry. In this article for Legaltech News, Sean Doherty covers how the newest tool in contract analytics—eBrevia Bespoke—is changing contract review.
eBrevia Bespoke’s machine learning software provides an avenue for contract reviewers to analyze whatever custom terms they deem necessary, with significantly greater speed and accuracy than what's possible with manual review alone.
Companies that use Bespoke benefit from a computer-assisted contract review that’s “unique and specific to the company’s requirements,” says CEO Ned Gannon. Doherty goes on to discuss how Bespoke works, the future direction of the company, and why now is such an exciting time for the contract review profession.
eBrevia 'Bespoke’ Provides Customized Contract Analytics Using Machine Learning
eBrevia’s newest solution, eBrevia Bespoke, is now available. It is the latest in the company’s line of software products applying machine learning to contract review and management. With eBrevia Bespoke, clients can identify and extract specific contractual terms unique to their industry, domain, or project.
“Since we launched our software, clients have requested the ability to search a set of terms customized to their specific industries and projects,” said CEO Ned Gannon. “We wanted to meet this demand by tailoring the core machine learning technology of our product to help expedite the expensive and time-consuming process of data extraction from contracts, leases and other documents.”
In his blog Law Sites, lawyer, consultant, and legal technology connoisseur Robert Ambrogi covers the launch of eBrevia Bespoke, the latest addition to eBrevia’s suite of artificial intelligence contract analytics software.
The new Bespoke software “will search for user-defined terms. That means that it can be adapted for virtually any kind of use,” says Ambrogi. Now organizations in any industry, working on contract review of any kind, can benefit from the most advanced in contract analytics.
eBrevia Applies Machine Learning To Contract Review
Forbes covers how eBrevia is making waves in the corporate legal industry with contract review software powered by artificial intelligence technology. Unlike the many legal technology products built for the litigation side of the industry, eBrevia’s products assist corporate legal professionals, making the company’s cutting edge technology a unique asset to its users.
“Despite their small size, eBrevia has seen adoption on both sides of the Atlantic, with some global legal firms using the solution,” reports angel investor Ben Kepes. “In a very long and complex legal document, eBrevia will help attorneys find relevant information…no matter how deeply it is buried in convoluted clauses.”
Why Corporate Law is Ready for Technological Innovation
In this guest post for the ABA’s Law Technology Today, eBrevia CEO Ned Gannon explores why litigation has reaped many benefits of technological innovation, while corporate law, particularly transactional contract review, has remained largely untouched by high tech—until now.
According to Gannon, “Due diligence and contract management are significant cost drivers in corporate law, making this an area that would particularly benefit from the efficiency of technology.”
eBrevia Featured in Law Technology News
The market for contract review software is growing, with eBrevia at the forefront.
Now with a new round of venture capital, eBrevia plans to expand its contract technology into the U.K. market, helping more law firms, corporate law departments, financial institutions, and real estate companies perform a more accurate contract review.
Today’s Tech: How A New York City Boutique Firm Competes With Biglaw
A law firm partner describes how eBrevia’s software reduces time spent conducting due diligence by 50-60%.
Adam Nguyen, eBrevia: ‘Purely Human Review Unsustainable’
Online legal technology journal Artificial Lawyer interviews eBrevia COO and co-founder Adam Nguyen about the direction of eBrevia, the recent collaboration with Thomson Reuters, and the future of AI in legal tech. You can read the article by following the link below.