Case Study
AI Powered Contracts Analytics
Goal
Clifford Chance launched its cloud-based platform Clifford Chance Labs (CCL) and required a customizable, configurable solution
Solution
Elevate’s open-source contract analytics AI tool was selected to build out complex document analysis solutions for the firm’s clients
Elevate’s legal AI and data science experts consulted with the firm’s data science team
The customizable solution includes:
Configurable UI
Modules for Natural Language Processing (NLP) and for analyzing the SEC’s public database
Pre-configured solutions for banking and finance including LIBOR-analysis, and remediation
Outcome
Platform can analyze data quickly and integrates with other technologies used at the firm
ELM’s data security architecture meets the requirements of banking/insurance industries
NLP can build custom document analytics for a wide range of practice areas including M&A, commercial law, real estate and vendor management
AI toolset decreases time spent on repetitious document analysis
Lawyers can focus on higher level work, efficiency, lowering fees and providing better outcomes
Outcome
Platform can analyze data quickly and integrates with other technologies used at the firm
ELM’s data security architecture meets the requirements of banking/insurance industries
NLP can build custom document analytics for a wide range of practice areas including M&A, commercial law, real estate and vendor management
AI toolset decreases time spent on repetitious document analysis
Lawyers can focus on higher level work, efficiency, lowering fees and providing better outcomes