Professional services firm Ernst & Young has joined forces with document review vendor Reveal to develop AI-powered technology that helps clients better understand complex compliance and litigation data.
Combining EY’s domain knowledge with Reveal’s eDiscovery platform, the alliance aims to make it easier for clients to handle the legal speak and gain deeper insights in order to more confidently assess risk.
According to Meribeth Banaschik of EY’ GmbH and EY EMEIA Innovation Leader, from data collection through to review and analysis, the technology has been designed to draw deep insights from huge amounts of data at speed in areas such as regulatory response, investigations and compliance.
“Through this alliance, clients can benefit from EY–Reveal pre-built models, infused with the EY organisation’s domain knowledge, to effectively assess their legal risks, better understand the facts in a complex data set, and ultimately to act with confidence,” she added.
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Wendell Jisa, Reveal’s Founder & CEO, added that the alliance would soon be able to introduce models that would provide answers and insights before a need has even been identified.
“This level of automation and analysis in legal tech is solving problems faster and making the unpredictable predictable for EY clients across the globe,” he added.
This announcement comes on the heels of a recent expansion of EY’s alliance with ServiceNow to address GenAI compliance, governance, and risk management.
