CMS has extended a rollout of AI software from Harvey, one of the largest suppliers of legaltech.
The installation will see Harvey, which earlier this month was valued at $8bn, extended to more than 7,000 lawyers in more than 50 countries where CMS has a presence.
CMS said that it is the largest installation of Harvey at a large law firm.
More than half of the AmLaw 100 firms use Harvey, according to the supplier.
The Harvey software has, on average, saved each CMS lawyer 118 hours per year − or 30 minutes per day – by speeding up contract review, due diligence and other legal tasks, said John Craske, CMS’s chief innovation and knowledge officer.
When preparing witness statements from multiple documents and interview recordings, CMS lawyers have used Harvey’s “transcription workflow” technology to convert audio files into text, saving them several hours of manual work and helping produce the report faster for their clients, he added.
In addition to Harvey, CMS uses AI technology from Microsoft Copilot and Relativity aiR. This year, the law firm has tested more than a dozen generative AI tools, Craske said.
Earlier this month, Harvey closed a new round of funding led by Silicon Valley venture capital firm Andreessen Horowitz, valuing it at $8bn. The company secured $160m, Tech Funding News reported, adding to $300m raised in June and $300m secured in February.
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