AI in Law: Levelling the playing field in the legal sector
Legal negotiations are often time sensitive, but the process of drafting contracts can be incredibly time consuming – slowing down deals.
iThink Media Editorial Team
Our Startup of the Month is streamlining these processes through generative AI, allowing legal teams to work more efficiently, as well as saving them money. Founded in 2019 by lawyer Clifford Chance and machine learning research scientist James Clough, Robin AI is a UK-based company using AI to automate the drafting and negotiating of contracts, cutting down the time it takes to review contracts by 85%.
Robin AI is a partner of Artificial Intelligence startup Anthropic and it is the only partner applying Claude, Anthropic’s Large Language Model (LLM), to legal work. Their model combines the Claude LLM with over two million contracts and machine learning techniques to read and understand contracts. To refine the model and ensure quality and accuracy in any contract drafted, Robin AI has an in-house team of legal professionals who work alongside the AI.
What makes Robin AI so notable is its advancement. The majority of AI products for the legal sector are very early in their development, currently in beta or on waiting lists, but Robin AI is available now. The company is also seeing significant traction and has increased its customers fourfold in the last year alone. The strongest demand has been seen in the private equity sector where speed is critical to deal closures and the tracking of obligations to investors can be complex.
Our Startup of the Month is streamlining these processes through generative AI, allowing legal teams to work more efficiently, as well as saving them money. Founded in 2019 by lawyer Clifford Chance and machine learning research scientist James Clough, Robin AI is a UK-based company using AI to automate the drafting and negotiating of contracts, cutting down the time it takes to review contracts by 85%.
Robin AI is a partner of Artificial Intelligence startup Anthropic and it is the only partner applying Claude, Anthropic’s Large Language Model (LLM), to legal work. Their model combines the Claude LLM with over two million contracts and machine learning techniques to read and understand contracts. To refine the model and ensure quality and accuracy in any contract drafted, Robin AI has an in-house team of legal professionals who work alongside the AI.
What makes Robin AI so notable is its advancement. The majority of AI products for the legal sector are very early in their development, currently in beta or on waiting lists, but Robin AI is available now. The company is also seeing significant traction and has increased its customers fourfold in the last year alone. The strongest demand has been seen in the private equity sector where speed is critical to deal closures and the tracking of obligations to investors can be complex.