Australian firm Corrs Chambers Westgarth is the latest to adopt artificial intelligence technology in the due diligence process for mergers and acquisitions transactions.
Corrs will use technology developed by London-based legal tech firm Luminance to sort, cluster and filter large volumes of documents and find subtle but potentially significant differences between contracts. The program can help identify key issues at an early stage of a transaction, and offer Corrs’ clients a better negotiating position from the outset, the firm said.
