By Legal Futures’ Associate iManage
iManage, the company dedicated to transforming how professionals work and Cognia Law, a next generation law company today, announced a partnership to deliver meaningful and practical Artificial Intelligence (AI) solutions to organizations globally. The RAVN engine of the iManage technology platform, combined with Cognia Law’s professional consulting and managed legal services expertise, will help law firms, in-house legal departments, and financial institutions to deploy AI solutions that solve their real-world business problems, help mitigate risk, and deliver quantifiable value.
This partnership with Cognia Law is part of iManage RAVN’s strategy to create an ecosystem of service providers for the platform.
“Law firms and corporate legal departments realize the potential of AI to solve business problems and deliver innovation but are often constrained by resources and expertise to adopt the technology,” said Nick Thomson, General Manager, iManage RAVN. “Through this partnership with Cognia Law, we are providing the technology platform, the broader consulting and legal sector expertise, and the physical resources so that customers can genuinely leverage AI for business advantage and innovation. Cognia Law is trained to adeptly use the RAVN engine and is already helping customers build comprehensive AI solutions to meet specific business requirements. It’s a win-win situation for all, especially our customers, and indeed the wider market.”
The partnership is focused on helping organizations to build tailored solutions for contract management, due diligence, knowledge management and regulatory reform, the first being LIBOR. The joint services comprise end-to-end support, from scoping and design, building, training, and scaling the AI models through to implementation, post-deployment support and managed services.
“This collaboration allows both of our organizations to offer services that go beyond our typical remit. Together, we are providing value to clients that is far greater than the sum of its individual parts,” Janet Taylor-Hall, CEO, Cognia Law commented. “We are responding to a resounding market cry for aggregated solutions that enable organizations to build AI tools to help overcome business problems and continue to innovate.”