Aboitiz Equity Ventures: Data Innovation and leading PH tech law firm Gorriceta Africa Cauton & Saavedra team up to reshape the legal industry with responsible AI
Aboitiz Data Innovation (ADI) and Philippines based top-tier full-service law firm Gorriceta Africa Cauton & Saavedra recently announced their strategic partnership at the Law X Tech Summit 2023, held at Shangri-la The Fort in Manila. This collaboration aims to revolutionize traditional legal processes by implementing innovative artificial intelligence (AI) technologies, focusing initially on enterprise audio transcription and summarization.
“Our partnership with Aboitiz Data Innovation marks a turning point in the evolution of the legal industry, and exemplifies our shared commitment to responsible and ethical AI use,” said Atty. Mark Gorriceta, Managing Partner of Gorriceta Africa Cauton & Saavedra. “We are proud to be at the forefront of this technological revolution and lead the charge in reshaping the legal landscape. With the integration of AI into our legal processes, we aim to enhance efficiency, accuracy, and accessibility while maintaining the highest standards of legal expertise and client-centric service.”
Powered by generative AI, the enterprise solution will eliminate the need for manual transcription and summarization. What sets this solution apart from other available tools in the market is its commitment to data privacy and security. Developed by ADI, the tool will be hosted on a private cloud, and all information uploaded by the law firm will be securely stored away from public domain, with data privacy as a fundamental aspect.
“Trust is the bedrock of our partnership, and we are fully committed to safeguarding our clients’ and their stakeholders’ sensitive information by embedding robust data protection measures within our enterprise solution,” added Ana Aboitiz Delgado, Advisory Board member at ADI. “We believe that our work with Gorriceta Africa Cauton & Saavedra will unlock new avenues to explore and innovate within the legal industry. Our future is being redefined by AI and together we are forging a path towards a more efficient, AI-empowered legal landscape.”
Ana Aboitiz Delgado, Advisory Board member, Aboitiz Data Innovation.
This collaboration signifies the start of a dynamic partnership between the two companies, with additional projects involving data engineering and workflow management already underway. These projects include the automation of legal processes such as incorporation and post-incorporation registration processes, eliminating manual form filling exercise and utilizing AI to help write or amend clauses as needed. A project centering around regulatory compliance is also being explored to assist the firm in tracking due documentary requirements from the firm’s clients. These initiatives further demonstrate ADI’s dedication to advancing AI capabilities and creating avenues for innovation and sustainable practices across Southeast Asia.
The partnership symbolizes a significant advancement in the legal industry, offering promising opportunities for the integration of AI in everyday practices. More importantly, it reflects ADI and Gorriceta Africa Cauton & Saavedra’s shared vision of harnessing technology to transform industries and deliver efficient, secure services to their clients and stakeholders.
(The article was originally published on Marketscreener.)