Source: GlobeNewswire
Recovery AI announced the launch and expansion of a proprietary, leading-edge AI platform that will allow for the analysis of large data sets obtained through discovery to aid law firms and their clients in asset recovery.
Through AI, large data sets will be combined, duplicates removed, gaps in data identified, and key information extracted. The Recovery AI platform features a chat-agent that enables natural language queries and learns from user interactions, becoming more effective at extracting meaningful insights over time. The platform, along with a team of data scientists and analysts, are positioned to support the legal industry with emerging solutions.
“Every year, tens of billions of dollars are misappropriated, yet much of it remains uncollected, even after legal processes conclude. Our platform leverages AI to rapidly analyze the complex data between uncooperative debtors and recoverable assets. We are excited to now offer this powerful solution to the legal industry,” said Jito Chadha, lead of AI investments for HGM.
Dennis Hranitzky, Head of the Sovereign Litigation and Global Asset Recovery Practices at Quinn Emanuel Urquhart & Sullivan, LLP, expects that his clients will be among the first subscribers to this tool. After previewing the tool, Mr. Hranitzky’s initial tests were “impressive” and observed that “data analysis that used to take months and cost clients hundreds of thousands can now be done with literally the press of a button.”
Read the full article: https://www.globenewswire.com/news-release/2024/09/06/2942169/0/en/Recovery-AI-Backed-by-HandsOn-Global-Management-Launches-AI-Backed-Asset-Recovery-Platform.html
