#USA #Cleary Gottlieb #New York #AI Innovation #Springbok AI

Cleary Gottlieb Acquires Springbok AI

In a strategic expansion to enhance its legal service offerings, Cleary Gottlieb Steen & Hamilton LLP has announced the acquisition of Springbok AI, a distinguished company specializing in generative AI product development. The move reflects Cleary Gottlieb's commitment to integrating cutting-edge technology into its workflows, aiming to deliver more effective and sophisticated legal services to its clients.

Driving Innovation in Legal Services
Managing Partner Michael Gerstenzang emphasized the firm's focus on innovation through AI and data analytics integration. According to Gerstenzang, this acquisition will empower Cleary to create tailored AI solutions, positioning the firm ahead of its competitors. He stated, “The acquisition of Springbok immediately enables us to create custom AI-powered solutions – something that sets us apart from many of our competitors.”

Who is Springbok AI?
Founded in 2017, Springbok AI has made significant strides in the AI sector, gaining recognition for its custom AI products tailored to the legal industry. With the onboarding of Springbok's proprietary platform, known as SpringLaw, Cleary will bolster its technological capacity. Additionally, Springbok's co-founder and CEO, Victoria Albrecht, along with a highly skilled team of 10 data scientists and AI engineers, will be joining Cleary. Albrecht praised Cleary's proactive approach to adopting AI, stating, “Cleary has never been one to follow trends – they set them.”

The Formation of the AI Acceleration Team
The newly formed team, called the AI Acceleration team, will spearhead the development of customized AI applications. Focusing on practices that can enhance workflows through data analytics, AI-assisted summarization, and automated data collection, the team will actively collaborate with clients and internal practice groups to identify high-value applications for AI technologies. This initiative will enhance the firm’s ability to provide timely and innovative solutions to clients’ legal challenges.

Commitment to Client-Centricity
Ilona Logvinova, Director of Practice Innovation at Cleary, highlighted the firm’s unwavering dedication to client-centric practices. She mentioned, “We are deeply committed to client centricity. The opportunity to serve our clients in a differentiated, elevated way is core to our culture of innovation.” This sentiment is echoed in the firm’s broader innovation strategy, which includes an award-winning e-Discovery and Litigation Technology (DLT) group. This group utilizes AI tools to develop and adapt various products and processes tailored to client litigation needs.

Looking Ahead
As Cleary Gottlieb embarks on this transformative journey with Springbok AI, the integration of advanced technologies is expected to redefine how premium legal services are delivered. With a clear vision for the future and a commitment to leveraging AI, Cleary aims not only to meet but exceed the most sophisticated needs of its clients in a rapidly evolving legal landscape.