Castrén & Snellman selects iManage RAVN artificial intelligence engine to transform real estate and M&A due diligence
iManage, the company dedicated to transforming how professionals work, today announced that Castrén & Snellman, a leading Finland-based law firm, has selected iManage RAVN to improve real estate and M&A due diligence.
Castrén & Snellman advises Finnish and international clients in transactions, dispute resolution and a wide range of other specialised facets of business law. They want to transform their real estate and M&A due diligence process to increase efficiencies and mitigate risk to give them a further competitive advantage and improve service to their clients.
iManage RAVN is an Artificial Intelligence engine that automatically reads, interprets and extracts key information from unstructured data into any desired business output. The firm is using this to automatically review and perform checks in their real estate and M&A transactions to increase efficiency and accuracy.
“iManage RAVN has a powerful solution that enables us to automatically cluster our contracts into separate classes and then perform automated extractions and comparisons to support further analysis and provide comprehensive data,” said Paula Aura, Knowledge Manager, Castrén & Snellman. “This method is far more efficient, meaning less manual labour on routine tasks and more human capital allocated to tasks which provides higher value for our clients.”
“Bringing the power of AI to solve practical problems has been a key goal for us”, said Dries Ausems, Sales Director, Europe, iManage RAVN. “iManage is transforming the legal industry by providing customers ‘smarter’ technology to become more productive. Castrén & Snellman recognizes that the proper application of AI technology results in higher quality service for their clients.”