Our Technology Solutions

Background:

The client was in the process of a major transaction and needed assistance managing the oversight and distribution of consent letters to 75 clients. This work included managing 150 documents that would need to be available for review and edit by a range of stakeholders, as well as tracking wet originals and receipts. All of this needed to be done within a strict budget. 

Solution:

John Jaye and his team with Womble Bond Dickinson’s GCSolutions used Neota Logic, an AI-based tool for application design, to go above and beyond the client’s expectation while staying under budget. Using Neota Logic, Jaye was able to streamline the project while also providing the client with an extremely customizable software dashboard and deep functionality. It also allowed the firm to produce letters that met the client’s specifications. In short, Neota Logic created efficiencies that made management of this project by experienced outside counsel financially feasible. 
 

“In the end, the client felt like they got more than their money’s worth. I can’t think of a higher compliment.” 

– John Jaye, Senior Division Counsel, GCSolutions

Background:

The client was acquiring a portfolio of healthcare companies. Among other due diligence, more than 500 contracts needed to be vetted to ensure the agreements of each target company were compliant with federal Stark and anti-kickback laws. Unlike other common due diligence items, language covering these matters can be nuanced and located at various places within a contract, requiring an end-to-end review of the document. This process can take an attorney anywhere from 15 to 30 minutes per contract to confirm healthcare compliance, along with other more common due diligence terms. The development of a written summary of each contract can take 40 to 60 minutes per contract.  The client needed it done in a matter of days to support a “best and final” proposal. 

Solution:

Attorney Greg Chabon and his team used Kira AI to do a first pass of the contracts. Kira AI uses machine learning to scan high volumes of legal documents to identify and extract key provisions and contract terms. The system also provides flexible reporting to generate comprehensive written results that can be delivered to the client. 

For this project, Kira's AI technology identified 100 percent of the relevant language in less than half the time it would have taken attorneys. The result was a cost savings for the client, but more importantly a fast and accurate completion to support the tight schedule.
 

“Our firm focuses our technology spend on tools that serve our client’s needs.  Kira, along with our other tech platforms, allow us to respond faster and more efficiently to client demands, while doing so at lower cost.”

 – Greg Chabon, Partner, Corporate & Securities

Background:

Womble Bond Dickinson managed the sale of $19 million in assets on behalf of an investment advisor to another investment firm. This work included custodianship of hundreds of documents needed for due diligence. These documents needed to be easily accessible to the purchaser for review while maintaining control of the documents. The deal with the initial purchaser fell through, which under different circumstances could have left sensitive documents available to them after the fact if the party liaising with the data room provider did not immediately take action.  

Solution:
When the deal fell through, Womble Bond Dickinson was able to immediately cut off the prospective buyer’s access to the data room. This is because attorney Jake Rifkin used the cloud-based collaboration tool, HighQ to setup a virtual data room for all of the client’s documents. Not only did this allow Rifkin to provide the client and prospective buyer an immensely customizable repository, it also allowed him to maintain total control over what could be downloaded, uploaded, and edited, as well as who could access the documents. 

"Womble Bond Dickinson considers the technology we adopt very carefully, which is why we’re able to provide services that are typically very expensive at little to no cost to our clients, all the while keeping the traditional functionality that our clients are accustomed to.” 

 – Jake Rifkin, Associate, Corporate & Securities

Background:

When faced with litigation, clients need an attorney with a deep understanding of the presiding bench. Experience is critical but even better when it's paired with data. Our attorneys use several technology platforms, including Lex Machina, to gather valuable insight when preparing for litigation.

Lex Machina uses machine learning to search volumes of court records to provide statistical insight and historical data about judges, opposing counsel, parties and case matter. Our attorneys combine their vast experience with this unprecedented level of detail to identify patterns and trends that are invaluable when developing an effective legal strategy. The process takes a fraction of the time of traditional research, producing a better product at lower cost.

“Our clients rely everyday on predictive analytics to keep them ahead of the competition. Their legal counsel should do the same.”

– Chris Mammen, Partner, Intellectual Property