Corporate AI investment

Axiom says it has developed the company's AI and technology platforms since joining its inaugural Research & Development team in 2018. The page also describes Axiom piloting AI tools internally for its lawyer bench and business side, but gives no dollar commitment.

The firm is described as having invested in NMBL Technologies, a legal workflow management tool it hoped to sell to clients. The page says the firm’s plan was to sell tech-enabled legal products rather than rely on traditional billable hours.

PwC US committed $1 billion over three years to AI in April 2023, and its tax and legal business struck a deal to use Harvey.

The firm says it has made a strategic decision to invest in AI now. The article also says Tyson & Mendes uses Traced, an AI-driven tool for automatic timekeeping and billing entries.

Cyril Shroff established a centre at Jindal Global Law School focused on AI governance, law, and regulation. The page describes it as a legacy initiative tied to his firm’s ethos and his interest in technology and society.

Gunderson signed a commercial agreement with Draftwise in 2021 and rolled the platform out to all attorneys. The firm says it had been experimenting with LLMs for extracting insights from contract language since 2021 and used the collaboration to build an AI-ready culture among attorneys.

Stinson has an internal AI Task Force, led by David Axtell, to help the firm's multidisciplinary efforts around artificial intelligence. The page describes the firm as focusing on internal AI governance and policy strategy, but gives no dollar amount or other concrete budget commitment.

Stephenson Harwood says it has a central innovation team and core technology platforms that include generative AI, and it built a custom contract review solution within its generative AI platform SHarper AI. The firm uses this to support its lawyers with text extraction, legal analysis and reporting for client work.

Homburger is listed among previously announced customers using DeepJudge. The article does not give a monetary commitment or a named internal AI group.

CMS Switzerland is listed among previously announced customers using DeepJudge. No budget, hiring plan, or internal fund is described on the page.

Schoenherr is using DeepJudge to support its AI and knowledge initiatives. A firm representative says it will fit into the solutions portfolio and further advance strategic AI initiatives.

Cozen O’Connor is named as a customer using DeepJudge for AI and knowledge initiatives. The page does not state any internal funding amount or headcount commitment.

BNY created a centralized AI Hub and launched an internal AI deployment and education platform called Eliza to support enterprise-wide generative AI use. The page says the bank trained employees on responsible AI use and now has 20,000 employees actively building AI agents.

Kennedys is partnering with Spellbook to create an AI training programme for its junior lawyers. The training uses simulated frameworks and AI-assisted exercises to build contract drafting skills.

The firm’s data science team built a tool to generate and optimize lawyer website bios using secure AI tools. It draws from time sheets, the Foundation knowledge management platform, and public websites to improve accuracy and search visibility.

The firm’s technology innovation team built Ask Ellis, a proprietary chatbot for drafting, analysis, and other everyday work tasks. It was created because leadership would not use a public tool like ChatGPT for privacy and security reasons.

MIG developed ContractMatrix Vantage, a lawyer-led generative AI tool for complex legal analysis across large portfolios of documents. The firm is also building a module for CRD VI-related loan transfer reviews at scale.

Ballard Spahr built X-Ray, a large-scale RFP document repository with chat features using Microsoft cloud and GenAI. The firm also built Ask Ellis, a proprietary chatbot, to give users a secure internal AI tool for everyday work tasks.

TLT launched TLT Intelligence, combining its in-house AI expertise with market-leading AI technologies to improve its own legal services and help clients accelerate AI adoption. The firm says it has been embedding AI into day-to-day operations, including contract review and complex transactional and regulatory matters, and integrating it into outsourcing solutions.

Vorys developed and launched AIV Labor, a proprietary agentic GenAI product for employment-law questions. The page also says a multidisciplinary team of Vorys attorneys and professionals is developing, researching, and testing GenAI-supported software to improve firm operations and client offerings.