Wirral’s Riverview Law buys US-based artificial intelligence company

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Wirral’s Riverview Law buys US-based artificial intelligence company

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A Merseyside-based legal services firm has acquired a US artificial intelligence (AI) software developer. Riverview Law in Bromborough has bought New Jersey firm Clixlex for an undisclosed sum to take forward its ambitions to introduce AI into legal work. The firm hopes the use of AI will improve the quality and speed of lawyers’ and paralegal work while freeing them to focus on key tactical and strategic matters.

Wirral's Riverview Law buys US-based artificial intelligence company

 

It follows the partnership Riverview Law entered into earlier this year with the University of Liverpool to leverage the university’s AI expertise. Clixlex software enables lawyers with basic Microsoft Office skills to create, automate, maintain and evolve complex workflows and processes for all areas of legal, compliance, risk and related activity. Clixlex’s programme manages case files, stores documents and triggers alerts, among other things.

It integrates seamlessly with third party software and is cloud-based although it can also be deployed on-site if required. Riverview Law has worked with Clixlex for over a year to test the relevance of the platform to the legal market. These tests have proved highly successful showing great potential to deliver significant operational, quality and cost benefits for customers.

Clixlex becomes part of Riverview Law’s group structure and will be based out of the Riverview Law Technology R&D and Client Management Centre in Bridgewater, New Jersey. Richard Yawn, the founder and principal shareholder of the US firm becomes a director and chief technology officer of this Riverview subsidiary.

Karl Chapman, chief executive of Riverview Law, said: “The race is on to provide virtual assistants to knowledge workers, powerful tools that help people and organisations make quicker and better decisions and allow knowledge workers to focus on the key tactical and strategic matters. The legal market is not immune from this trend which will impact all sectors of the economy.

“We intend to lead the legal market in providing tools that enable legal and related work to be completed quicker, better and more cost-effectively, whether conducted by lawyers, paralegals, contract managers, risk and compliance officers, or business people.”

Source: http://www.liverpoolecho.co.uk/news/business/wirrals-riverview-law-buys-based-9970916

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