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Allen & Overy signs up for Eigen’s Natural Language Processing tech

Added on the 8th May 2019 at 10:30 am
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Allen & Overy has signed an agreement for the use of Eigen Technologies’ natural language processing tech. A&O is the second magic circle firm to have confirmed its adoption of Eigen’s NLP product after Linklaters became its first client in 2015.

Few details about A&O’s plans for the technology are currently available, but Linklaters joined forces with Eigen to launch what we described at the time as a homegrown AI-backed data analysis and extraction tool called Nakhoda.

Eigen also signed LOD (Lawyers On Demand) earlier this year, as part of a new LOD client offering called Designed Solutions. The company is believed to be working with other law firms on a confidential basis. Clients outside the legal space include Goldman Sachs, Hiscox and ING.

Founded in 2014, Eigen Technologies is a machine learning company based in London and New York. Its product represents a maturing of extraction and classification software in that it can be used across multiple contract types from front to back office. The company has raised £13m in funding, to date, from Goldman Sachs and Temasek.

Eigen and A&O have completed a pilot and are now exploring a range of ways in which the technology can be deployed.

“A&O is well known for its innovative thinking in the application of legal technology and their team has a wealth of knowledge in this area,” Adam Eastell, chief legal and strategy officer at Eigen Technologies said. “We are looking forward to working with A&O to explore how our technology can be applied across a range of practice areas.”

More information of A&O’s plans for Eigen’s technology to follow.

By Amy Carroll

See also:

Eigen who? The startup with £13m world domination plans

 

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