As predicted by AL….Theo, a predictive AI platform for litigation, has formed a strategic partnership with a litigation funder….in this case Mustang Litigation Funding (MLF).
When AL first covered Theo late last year, this site noted that if it could predict case outcomes with a high level of accuracy then litigation funders would be very keen to work with it….for obvious reasons.
Theo said that its AI is ‘trained on historical and proprietary data along with real-time analytics [which] boosts confidence in case selection, accelerates workflows and due diligence, and ensures compliance’. Additionally, Theo Ai streamlines the review of case records to ensure comprehensive insights and improved accuracy in case evaluations.
The partnership allows MLF to ‘reduce losses by avoiding low-return cases and enhance revenues by focusing on high-probability, high-yield cases, all while saving valuable time with automation’, they added.
Seth Rieger, CTO of Mustang Litigation Funding, commented: ‘At Mustang Litigation Funding, we’re always looking for the latest in tech-focused solutions to benefit our clients. With Theo Ai, Mustang is advancing towards a future in which it will be able to consistently and reliably evaluate cases within seconds to pinpoint high-value opportunities. By harnessing the efficiency of AI, we believe we will be setting a new standard in litigation funding.’
Patrick Ip, CEO and Co-Founder of Theo Ai, added: ‘We’re thrilled to empower Mustang’s customer portfolio with Theo Ai. By automating compliance checks and reducing the risk of manual errors, Theo Ai can speed up the deal-closing process with confidence and improved accuracy.
‘By improving case selection by just 1% annually, Mustang and its partners will profit from increased ROI and additional revenue. Not only will this benefit Mustang when prospecting new cases but will also unveil strategic insights into their existing clientele.’
You can find more about Theo AI here.
And you can see the first story about Theo that predicted…er…this, here.
Overall, this is a predictable….albeit very sensible move. The proof however will be in the pudding, and it will be fascinating to see if MLF gains the kinds of insights into future case outcomes it’s hoping to get. We shall see….eventually.