A&O Shearman (AOS) is launching new AI tools developed in collaboration with Harvey to enhance legal expertise and efficiency. These agentic AI systems will not only be used internally but will also be available for sale to clients and other law firms, with AOS sharing in the software revenue. The initial focus areas for these AI agents include antitrust analysis, cybersecurity, fund formation, and loan review, promising to simplify complex legal tasks and save time. While this move highlights AOS’s innovative approach, it may not significantly disrupt the core legal work, but it positions the firm favorably in a competitive Market. This collaboration with Harvey showcases the potential of AI in law.
In an exciting development for the legal industry, A&O Shearman (AOS) is set to launch a new suite of agentic AI tools developed in collaboration with Harvey. These advanced systems aim to enhance legal expertise while increasing efficiency in various areas like antitrust filing, cybersecurity, and loan reviews.
These innovative tools will not only be used internally within AOS but will also be made available to other law firms and large corporations through subscription models. A&O Shearman will share in the software revenues, marking a new chapter in how legal services might be delivered and monetized.
David Wakeling, the Global Head of AI Advisory at AOS, pointed out that these agents offer practical solutions, saying they can handle tasks that once took hours in just minutes. Meanwhile, Harvey’s CEO, Winston Weinberg, highlighted how this collaboration is rethinking traditional legal workflows for better accuracy and efficiency.
A&O Shearman’s move is reminiscent of their history in tech development, having previously created tools for risk management as early as 2002. As they evolve with agentic AI, the firm is poised to lead the charge in integrating technology within legal practices.
This step raises questions about the potential impacts on legal consulting, particularly if it encourages other firms to adopt similar strategies. While the intent is not to replace core legal services, it does suggest a shift towards more standardized, efficient processes which could change client service dynamics.
As the legal landscape adapts to these technologies, it’s important to monitor how these innovations affect both the Market and client relationships. Overall, this can signify a starting point for more transformative changes in the future.
For more insights about Harvey and its groundbreaking agentic tools, check out our detailed article on this exciting development.
What is the profit-sharing agreement between A&O Shearman and Harvey?
The profit-sharing agreement is a plan where A&O Shearman will share profits generated from using Agentic Tools with Harvey. This means both parties can benefit financially as the tools grow the business.
What are Agentic Tools?
Agentic Tools are advanced software and technologies designed to help legal professionals work more efficiently. They automate routine tasks, allowing lawyers to focus on more complex legal issues.
How will this partnership help clients?
By using Agentic Tools, A&O Shearman can offer clients faster and more accurate legal services. This means clients get better results and can save time and money.
What are the benefits for A&O Shearman?
A&O Shearman will gain access to innovative technology that enhances their services. This partnership allows them to stay competitive in a changing legal Market and potentially increase their revenue.
Will this affect the way lawyers work at A&O Shearman?
Yes, it will. Lawyers at A&O Shearman will have more time to focus on strategic legal work instead of repetitive tasks. The tools will support them in delivering better services to clients.