US-based legal AI company Seal Software has today announced that Big Four professional services giant PwC has selected its AI solution for a number of contract-focused use cases, including analysis for IFRS 16, Brexit, GDPR data and also loan portfolio review.
Seal said in a statement: ‘With increasing pressure due to regulations, compliance and the growing need to manage business better, many companies turn to PwC for contract review and remediation services.’
Seal contract analytics (SCA) enables the development and fine tuning of custom term extractions, ensuring that clients can take advantage of PwC’s experience in these areas making it reusable for subsequent engagements.
Umang Paw, PwC Partner in London said: ‘We are delighted to be working with Seal Software and to add their capability to the portfolio of technology that we tailor for our clients’ specific business needs.’
‘We are proud to be part of PwC’s service offerings to their clients,’ said Ulf Zetterberg, CEO Seal Software (pictured above). ‘We also couldn’t be more delighted to have a client of such stature and experience embracing the Seal technology, and helping us build out powerful use cases for our clients.’
The announcement follows the recent interview with PwC’s ‘NewLaw’ team by Artificial Lawyer this week, where fellow London partner Andrew Giverin set out the firm’s strategy for the use of AI and managed legal services.