Leading global law firm Baker McKenzie received the AI Innovation Award at The Legal Innovation Awards last week. These awards recognize the firms and individuals driving revolutionary change in the legal market.
Baker McKenzie’s team was described by one judge as looking “set to be a genuine disruptor and market leader in delivering machine learning-enabled judgment, particularly in M&A.” The winning entry was in partnership with AI-powered platform SparkBeyond.
Speaking after the awards ceremony, which took place in person, Ben Allgrove, Chief Innovation Officer and Partner at Baker McKenzie, said, “Continuously-evolving market forces are driving change in the legal industry such as the rise of the legal operations profession and its increasing sophistication with data, process and technology, as well as the increasing capabilities and falling cost of legaltech. Firms, including ours, must respond swiftly to develop modern solutions for clients in a highly competitive and changing market, so I am very proud that our team has received such significant recognition for doing so.”
In 2021, Baker McKenzie announced a market-first collaboration, by applying SparkBeyond's machine learning technology to disrupt the legal industry and reimagine the future of legal services for clients. In 2020, the Firm undertook a successful three-month pilot with SparkBeyond, using its own business and data as test subject. The Firm has since committed to a 3-year exclusive deal with SparkBeyond, and will work on a series of targeted projects directed by Chief Innovation Officer, Ben Allgrove.
This exclusive collaboration sees Baker McKenzie apply SparkBeyond's market-leading artificial intelligence-powered problem-solving technology and data science to develop and provide new services to our clients.
Baker McKenzie’s aim is to deliver machine learning-enabled judgement. They will also leverage the new capability to amplify social impact and internal business analytics.
To scale up AI transformation, the Firm is establishing a dedicated team to combine legal domain expertise, data analytics, data science and machine learning engineering to deliver a series of projects with clients, to solve those problems that would most benefit from combining human judgment and machine learning capability. The team will be known as Baker McKenzie’s Machine Learning Practice.
The exclusive deal, which is part of Baker McKenzie's innovation program, Reinvent, ensures it is the only law firm that will have access to SparkBeyond's technology.
Baker McKenzie’s team was described by one judge as looking “set to be a genuine disruptor and market leader in delivering machine learning-enabled judgment, particularly in M&A.” The winning entry was in partnership with AI-powered platform SparkBeyond.
Speaking after the awards ceremony, which took place in person, Ben Allgrove, Chief Innovation Officer and Partner at Baker McKenzie, said, “Continuously-evolving market forces are driving change in the legal industry such as the rise of the legal operations profession and its increasing sophistication with data, process and technology, as well as the increasing capabilities and falling cost of legaltech. Firms, including ours, must respond swiftly to develop modern solutions for clients in a highly competitive and changing market, so I am very proud that our team has received such significant recognition for doing so.”
In 2021, Baker McKenzie announced a market-first collaboration, by applying SparkBeyond's machine learning technology to disrupt the legal industry and reimagine the future of legal services for clients. In 2020, the Firm undertook a successful three-month pilot with SparkBeyond, using its own business and data as test subject. The Firm has since committed to a 3-year exclusive deal with SparkBeyond, and will work on a series of targeted projects directed by Chief Innovation Officer, Ben Allgrove.
This exclusive collaboration sees Baker McKenzie apply SparkBeyond's market-leading artificial intelligence-powered problem-solving technology and data science to develop and provide new services to our clients.
Baker McKenzie’s aim is to deliver machine learning-enabled judgement. They will also leverage the new capability to amplify social impact and internal business analytics.
To scale up AI transformation, the Firm is establishing a dedicated team to combine legal domain expertise, data analytics, data science and machine learning engineering to deliver a series of projects with clients, to solve those problems that would most benefit from combining human judgment and machine learning capability. The team will be known as Baker McKenzie’s Machine Learning Practice.
The exclusive deal, which is part of Baker McKenzie's innovation program, Reinvent, ensures it is the only law firm that will have access to SparkBeyond's technology.
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