Drooms is working on replacing time-demanding manual work with AI that allows analysts, sellers, and buyers – and their lawyers – to focus on executing more strategic tasks, writes Jan Hoffmeister
Artificial intelligence (AI) support is already accepted within the financial industry but law firms are only just starting to invest in disruptive technologies such as machine learning and automated document review.
The situation is starting to change quickly because of the need to reduce costs by speeding up processes, namely by replacing long hours of document reviewing with automated and smart workflows. AI is about to change the way we execute due diligence forever, for example.
Farewell to outdated models
Many law firms are alre...