Revolutionizing Legal Work: Robin A.I.'s Impact on Business Transactions (Full Transcript)

Speaker 1: I think you and I discussed this in the past like I am a student of the law. Went to law school a family of attorneys and thank goodness I didn't become one. But I I get the point of Robin A.I. Let's start with the new product line. The reports element.

Speaker 2: What is it and why did you feel the need to bring it out. Yeah sure. When I was a lawyer one of the most painful things I ever had to do is something most lawyers spend their time doing is working through hundreds and hundreds of contracts trying to summarize those agreements for our clients. People want to know what's inside all of these documents before they do a transaction. And unfortunately in the past we've just never had technology to help us. And so we employ armies of associates through the night week in week out to basically go through these documents line by line looking for risks that they can report. And so we said why can't we build something that uses A.I. to do that for us. That's essentially what our reports product does.

Speaker 1: The field of legal way I is widely discussed. We recognize a two horse race basically. You have an association with anthropic. There is another legal way. I name Harvey. We've had on this program closely aligned to open AI. In fact I think

Speaker 2: opening I made it an equity investment in them. Yeah. You're gonna win that race. Of course. I mean we are legal A.I. for business. And Harvey and open A.I. are really focused on law firms. And we think that's interesting. But what motivates us is trying to help companies like Bloomberg like General Electric like P.W.C. helping them do their work faster unleashing them to grow in ways that they can't today. Because in the absence of the right technology managing legal risks is just time consuming. It's expensive. But if you use tools like ours we have customers saving 90 percent of the time. Could I have some data then. How

Speaker 1: many M&A transactions has Robin A.I. facilitated for example. Yeah. I mean we've been involved. It's worth saying we've been

Speaker 2: doing this for nearly five years now. I mean we support M&A transactions. We support about 1000 transactions a month already for some of the world's biggest companies for five of the Fortune 500 for seven of the top 100 funds in the world. We've been really working with business since 2019 long before LLM is to help them use A.I. to accelerate deals and working with anthropic has just helped us expand our reach and focus.