Disruptive legal tech firms rarely make the headlines, perhaps because the work they are designed to do – compliance, document management, contract management, data protection etc. – is not particularly sexy – although the artificial intelligence and machine learning that underpins it, often is.
Step forward RAVN Systems, leading experts in Artificial Intelligence, Search and Knowledge Management Solutions who announced the launch of their RAVN ACE, that’s “Applied Cognitive Engine”, powered software robot this week.
The robot is a shining example of how legal firms can employ AI techniques to automate some of their dirty work, such as identifying documents that are subject to the latest General Data Protection Regulation (GDPR) compliance rules.
The RAVN ACE can search, retrieve, flag, classify and report on data considered to be sensitive under GDPR, whilst its users are able to quickly identify personal information within documents and generate reports showing which data needs to be deleted or secured.
RAVN CSO Peter Wallqvist has suggested that data concerning EU Citizens will be affected by new GDPR compliance rules, and recommends the robot when dealing with “several aspects of the GDPR obligations in one platform: Auditing large volumes of structured and unstructured data, dealing with DSARs very efficiently, and finally to help review contractual obligations that are affected by the new regulations.”
RAVN, founded in 2010, named themselves after the real-life ravens they say Viking explorers used to bring with them on their longboats, to fly high up into the sky and back again if there was no land in sight, or guiding the explorers to land if they should see it.
RAVN say they have a similar ability to guide their clients to their destinations “in the ever-expanding sea of information through state-of-the-art technology to automatically organise, discover and summarise your data.”
Indeed, the company comprises 70% computer science and engineering professionals, its website reveals, with presumably one or two legal eagles thrown in.
Besides AI, RAVN also offer consulting. The team is led by Peter Wallqvist, with Jan Van Hoecke, CTO, Sjoerd Smeets as COO, and Simon Pecovnik as Professional Services Director.
Occasionally within the legal tech sector, it can be hard to see through the jargon, and it is often tempting to ask, “what can you do that the edit / replace function in Word doesn’t do, but doubtless in the case of RAVN it would be churlish to level this accusation. The many and varied testimonials on the website put paid to that.
Para-legals will no doubt be contemplating whether the rise of legal-tech means the robots are coming for their jobs, or are saving them thousands of hours of painfully tedious admin work. Their bosses will probably be dreaming up new ways to keep them occupied.