Diligen, a leader in artificial intelligence (AI)-based contract review for law firms and legal teams, announced today that it has been selected by Aird & Berlis LLP, a prominent business law firm based in Toronto.
Aird & Berlis intends to use Diligen to drive efficiencies and deliver enhanced value to its clients by leveraging AI for merger and acquisition (M&A) work, as well as real estate transactions.
Diligen is a contract assistant powered by AI that provides high quality contract review to help lawyers stay one step ahead in a time-sensitive, highly competitive legal marketplace. Using machine learning, Diligen cuts contract review time in half by streamlining the end-to-end process of sorting documents, summarizing contracts, and spotting critical provisions. In studies conducted by Diligen, the Diligen platform increases the accuracy of contract analysis by 80% compared to a lawyer manually reviewing contracts alone.
“We are excited to collaborate with Aird & Berlis, a leading law firm and an early adopter of cutting-edge AI technology. This win represents a fundamental shift in how legal firms can modernize the manual, painstaking contract review process,” said Konrad Pola, Founder and CEO of Diligen. “We are proud to partner with Aird & Berlis, and we’re confident that, by using Diligen, Aird & Berlis and its clients will realize significant benefits.”
“The legal profession is often seen as reluctant to embrace change, but Aird & Berlis is making innovation a priority. Our leading M&A and real estate practitioners will be leveraging Diligen to drive efficiencies and deliver enhanced value for our clients,” said Steven Zakem, Managing Partner at Aird & Berlis. “We believe that AI will play an increasingly prominent role in the delivery of legal services and are thrilled to be collaborating with Diligen.”
In the interest of further collaboration, Aird & Berlis will be seconding Aaron Baer, one of its talented M&A lawyers, to work side-by-side with Diligen’s developers and designers on developing new use cases, shaping the product roadmap and training Diligen’s system to identify additional legal concepts. Diligen will benefit from the real-world insights of another practicing lawyer, and Aird & Berlis will gain perspective on the emerging legal tech ecosystem.
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