RAVN Systems, experts in Artificial Intelligence (AI), Enterprise Search and Knowledge Management solutions, is pleased to announce they have won the American Lawyer’s Legal Technology Provider of the Year Award at the Transatlantic Legal Awards 2016. RAVN won due to their revolutionary AI technology.
RAVN ACE is a cutting-edge Artificial Intelligence solution which reads, interprets and extracts specific information from documents. It converts unstructured data into a structured output, in a fraction of time it takes a human – and with a higher degree of accuracy.
This technology has already proved successful as international law firm Berwin Leighton Paisner (BLP), won the award for the ‘Best Use of Technology’ at the British Legal Awards 2015 for its use of a RAVN ACE robot within one of its legal practices.
RAVN Systems also recently won the ‘Supplier Innovation Technology’ award at Legal Week’s Innovation Awards as well as winning ‘Best Enterprise Start-up’ at the Techies Awards this year.
Peter Wallqvist, CEO at RAVN Systems commented, ‘RAVN are delighted to win another award and our continued success with our ACE robot. The use cases for RAVN ACE are virtually unlimited. In addition to law firms implementing a variety of automated review processes, RAVN us working with organisations from the Media, Telecoms, Professional Services and Financial Services sectors to revolutionise their handling of unstructured data. Use cases include automated Due Diligence, Document Review, Contract Assurance, Governance and Financial Instrument processing”.
The award ceremony was held on the 7th June 2016 and recognises law firms and providers for excellence in handling transatlantic matters across the key areas of corporate, finance and disputes, as well as highlighting law firm innovation, commitment to outstanding transatlantic strategy, and in-house leaders.