International law firm Gowling WLG is excited to announce its new joint venture in artificial intelligence (AI) solutions company - Avail.
Avail is a start-up and develops unique and innovative AI based products for the legal sector which accelerate processes. The new venture will see Avail offer the market its existing Real Estate Due Diligence products as well as developing bespoke solutions for its clients enabled by AI - reducing the risk, cost and time associated with transactions.
Avail currently has two Real Estate Due Diligence products which Gowling WLG is using to enhance client service delivery: Title Register Review App; and the Property Searches App.
- Title Register Review App enables the instant reporting on Official Copies allowing lawyers to rapidly identify issues within a portfolio of properties and advise their client.
- Property Searches App extracts key information from multiple documents relating to a property to allow the rapid collation of a summary report, increasing the efficiency of legal services for clients.
Gowling WLG has also worked with Avail on a number of bespoke projects for clients - creating value through the partnership of lawyers and technology.
Avail marks the latest stage in the firm's innovation strategy, to augment legal process with leading AI technology to solve clients' business issues as efficiently and effectively as possible.
Mike Twining, partner at Gowling WLG and a member of the firm's Innovation task force, said: "We are excited to have completed this investment into Avail.
"New technologies are playing an increasingly important role in our markets and from working with the team behind Avail we know the company is at the forefront of creating innovative solutions to solve issues faced by businesses across multiple sectors."
Prior to Gowling WLG's investment, the team behind Avail worked with Gowling WLG to produce its market leading products. The software was utilised on one case to review more than 9,000 title documents and condense it down to a list of titles with potential for third party restrictions or involvements within a matter of hours.
Sirvan Yahyaei from Avail added: "We're really excited by this new venture, and the chance to bring our innovative technology together with cutting edge legal thinking to create unique market leading solutions."
Avail is a joint venture between Gowling WLG and the owners of software company Purple Frog Text (PFT).