KUALA LUMPUR, April 17 -- Epiq has announced the expansion of its artificial intelligence (AI)-enabled legal solutions to include Contract Analysis, offering combined expertise with machine learning and natural language processing.
According to a statement by the global leader in the legal services industry, the new global Contract Analysis will enable faster, more intelligent contract analysis by legal teams, with the ability to supplement and scale with experienced Epiq team members.
The platform does not take the human component out of contract analysis, but it can make those humans faster and more effective, reducing overall costs by as much as 50 per cent.
Epiq is leveraging Diligen for the machine learning portion of the platform to provide high quality and efficient contract analysis through its ability to ingest, review and pinpoint data in hundreds of contracts within minutes.
Epiq’s highly experienced teams manage the review, provide scale when needed, define quality control, extract clauses requiring manual intervention, and provide detailed reporting and metrics about client contracts.
Additional applications for this new platform include helping legal teams analyse contracts for compliance with new laws and regulations, creating a lease catalogue, exporting essential contract characteristics for loading into a Contract Lifecycle Management system and preparing for the elimination of LIBOR clauses.
More details at https://www.epiqglobal.com
-- BERNAMA
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