Am Law 200 firm signs on with Fireman & Company to build AI-enabled “What’s Market” database
For Immediate Release: Am Law 200 firm signs on with Fireman & Company to build AI-enabled “What’s Market” database.
An Am Law 200 firm has officially begun working with Fireman & Company to build a first-of-its-kind artificial intelligence (AI) powered “What’s Market” database for commercial loan agreements. This cutting-edge project is being powered by iManage’s latest release of their new AI platform iManage Extract.
“Many firms are struggling to identify practical ways to use AI in their firm. The firm provided us with a clear vision and definition for their What’s Market AI application – a tool that other firms have had to manually build and curate in the past. One of the most common challenges law firms have is tapping into their own data to make better decisions, both for their internal purposes and to help deliver better client service. This is the first of what we expect to be a series of AI use cases that help law firms leverage their own data to drive AI, particularly as firms are increasingly interested in robust matter profiling and experience management systems. We see AI feeding these systems, in both breadth and depth of content, in ways that have never been achieved at most firms.
iManage Extract is an ideal AI foundation to help firms solve for their immediate AI initiatives, but also helps future-proof their AI strategy to avoid having to evaluate, vet, select, buy, train and re-learn a new AI system each time a new idea emerges.” – Joshua Fireman, Founder of Fireman & Company
About Fireman & Company
Fireman & Company is a legal industry-focused management consulting firm. Fireman team members have decades of experience as leaders in the industry, working as attorneys, CIOs, CKOs, and experts in KM, LPM, process improvement, and pricing. Fireman & Company is a trusted advisor to the world’s most innovative law firms and corporations, working with nearly half of the Am Law 100. Its mission is to help clients make substantial, distinctive, and lasting improvements in performance. For more information, please visit firemanco.com.
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