Artificial Intelligence Archives | Solvaire

Business Continuity During the COVID-19 Pandemic: Leveraging AI/Machine Learning Contract Review

Julie — Fri, 20 Mar 2020 19:03:47 +0000

Babst Calland and Solvaire Client Advisory, March 2020
By Christian Farmakis

With the Coronavirus pandemic having a widespread effect on business continuity, supply chains and revenues, Babst Calland and its alternative legal service provider, Solvaire, are currently advising C-suite executives and managers as they seek to quickly assess their contract provisions, evaluate their exposure and make effective operational and financial risk-based decisions. Of particular concern, key suppliers may desire to invoke “force majeure”, delay or termination provisions during this time of uncertainty. Similarly, our clients may desire to invoke these same provisions to delay or terminate unessential projects.

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Babst Calland & Solvaire: An AI Contract Review Use Case

pat717 — Wed, 08 Jan 2020 15:55:44 +0000

In today’s business climate, clients demand greater efficiency when it comes to contract review for many complex deals and transactions. We have found that the combination of deep legal expertise, coupled with embracing carefully researched and vetted technology, is the most effective means of delivering high quality and timely review in an increasingly competitive marketplace.

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The Expected and Unexpected of Working with Artificial Intelligence

pat717 — Thu, 11 Jul 2019 10:59:20 +0000

Stories of how AI will change the legal ecosystem forever are endless, yet ‘rubber meets the road’ proof that this is actually happening are few and far between. Here’s what one firm learned about knowing what AI can do and what they didn’t know it could do.

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Artificial Intelligence is Changing the Way Lawyers Practice

pat717 — Wed, 29 May 2019 10:01:58 +0000

Artificial intelligence (AI) is adding efficiencies and transforming businesses everywhere, and legal practices are no exception. “General counsels and executives that are hiring lawyers need to understand that this technology is available now, so they can make sure their lawyers leverage the latest technology tools,” says Christian A. Farmakis, shareholder and chairman of the board at Babst Calland. “AI can increase speed, increase efficiency and lower costs for clients — if the law firm has the right tools, but more importantly knows how to use those tools.”

Click here for the complete Smart Business article.