by Angela Guess
A new press release reports, “Axiom, the leading alternative legal services provider, today announced the market launch of AxiomAI – a program that leverages Artificial Intelligence (AI) to improve the efficiency and quality of contracts work. As part of AxiomAI, Axiom will accelerate the use of current generation AI to help extract information from contracts in order to streamline contract analysis. At the same time, Axiom will continue its research and development efforts to shape next generation AI applications for more unique and transformative use cases. The program builds on Axiom’s position as a market leader in the practical application of AI to legal work. ‘Axiom’s work in contracting has always been grounded in technology innovation,’ said Elena Donio, CEO of Axiom. ‘The power of AI and the increasing maturity of the tools will represent a step function in the delivery of client value’.”
The release goes on, “Over the last 4 years, Axiom has collaborated with, and conducted numerous tests, of the leading AI contract data extraction providers and has leveraged those learnings on a number of client engagements. Most recently, Axiom became a Kira Certified Service Provider, ensuring expertise in the deployment and use of their machine learning contract analysis solution. Axiom will initially embed Kira into its leading M&A Diligence and Integration offering to source relevant clauses from those contracts, thus enabling more efficient interpretation and structuring of contract data, which underlies the insights Axiom provides to its clients’ legal and business users.”
Read more at Business Wire.
Photo credit: Axiom