PwC optimizes AI for legal business solutions
By Oghale Mafuru
PricewaterhouseCoopers, PwC, a leading professional services networks, has announced strategic partnership with Harvey, an artificial intelligence start-up to improve its legal solutions and develop capabilities aimed to automate processes and enhance output.
According to the company, the strategic alliance builds on PwC’s ability to bring human-led and tech-enabled solutions to clients, delivering on its global strategy, The New Equation.
Commenting on this, Carol Stubbings, PwC Global Tax & Legal Services Leader, PwC UK, said: “Harvey’s AI solution marks a huge shift in the way that tax and legal services will be delivered and consumed across the industry. Access to Harvey will be a game changer for our people and for our clients. I am incredibly excited about the problem-solving capability that will be generated by combining PwC’s technical capabilities and deep market insights, with Harvey’s powerful AI platform.”
On his part, Tony O’Malley, PwC Global Legal Business Solutions Leader, PwC Australia, said: “Harvey will transform the way we provide legal solutions for clients across the globe. The Harvey platform provides a generational-leap forward for our legal professionals in terms of insights, research and analysis. Combining our deep expertise with cutting-edge AI technology heralds a paradigm shift in the way that we solve complex problems for our clients.”
Harvey, which is backed by the OpenAI Startup Fund, is built on OpenAi and Chat GPT technology. It is a platform that uses natural language processing, machine learning and data analytics to automate and enhance various aspects of legal work. Harvey will help generate insights and recommendations based on large volumes of data, delivering richer information that will enable PwC professionals to identify solutions faster. All outputs will be overseen and reviewed by PwC professionals.
“Working with PwC provides a unique opportunity to further enhance AI’s potential to solve the most complex legal problems. The scope of PwC’s capabilities enables us to collaborate on AI systems that expand on Harvey’s core legal use cases to provide more comprehensive solutions for PwC and their clients” Gabriel Pereyra, Harvey Co-Founder and Chief Executive Officer, said.
“With the use of Harvey, our Legal Business Solutions professionals will be at the forefront of industry developments, catalyzing their ability to deliver comprehensive, cost-efficient and market-relevant solutions to our clients. Integrating Harvey into our day to day activities will free-up much needed time and resources allowing our people to focus more on innovation and value accretive tasks” Sandeep Agrawal, PwC’s Global Leader for Legal Technology, PwC UK said.
PwC’s professionals across 100+ countries will have access to leading generative AI technology with this partnership and it will enhance the ability of PwC’s network of more than 4,000 legal professionals to deliver human led and technology enabled legal solutions in a range of areas, including contract analysis, regulatory compliance, claims management, due diligence and broader legal advisory and legal consulting services.
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