Linklaters and Pinsent Masons have become the latest law firms to invest in artificial intelligence, as the legal profession tries to automate the mundane tasks that have traditionally been the preserve of junior lawyers.
Linklaters has developed Verifi, a computer programme that can sift through 14 UK and European regulatory registers to check client names for banks. The company said it could process thousands of names overnight.
Edward Chan, banking partner at Linklaters, said: “Previously it would have taken a trained junior lawyer an average of 12 minutes to search a single customer name.
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