When authorized analysis big LexisNexis and authorized AI big Harvey tech-in-new-partnership-between-the-companies.html”>introduced a strategic alliance final month, authorized tech commentator Richard Tromans called it “probably an important authorized tech transfer in a decade.” On right this moment’s episode of LawNext, we go deep into the partnership and its implications with Sean Fitzpatrick, CEO of LexisNexis North America, UK & Eire.
By the partnership, LexisNexis will combine its main legislation content material, Shepard’s citations, and AI expertise instantly into Harvey’s platform, and the 2 corporations will collectively develop agentic AI workflows. The partnership comes on the heels of Harvey’s outstanding Collection E funding spherical, elevating $300 million at a $5 billion valuation, by which RELX, LexisNexis’s mum or dad firm, was a taking part investor.
So what drove this alliance? In his interview with host Bob Ambrogi, Fitzpatrick reveals it wasn’t a boardroom technique session that sparked this partnership, however somewhat buyer demand from giant legislation companies looking for the mixed energy of LexisNexis’s authoritative authorized content material and Harvey’s AI capabilities.
Fitzpatrick talks about what this implies for the way forward for authorized AI, the way it addresses the persistent problem of hallucinations in AI-generated authorized content material, and whether or not we’re witnessing the emergence of a brand new mannequin for authorized tech partnerships. He additionally shares insights from latest ROI research exhibiting dramatic productiveness features for each legislation companies and company authorized departments utilizing AI instruments.
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