AI partnership for contract reviews in the construction industry

Legartis, which operates in the DACH region, has developed an award-winning legal AI solution for the automation of contract reviews and the automated extraction of data from thousands of contracts. Legal departments, sales organizations and purchasing teams can use Legartis' artificial intelligence to seamlessly analyze incoming contracts. The construction and real estate service provider Implenia is now also relying on this solution: the two companies are working together in several areas. As part of a co-development project, a specialized AI module is being jointly developed to speed up the review time of comprehensive contracts in the construction industry. In future, this should enable an automated and AI-supported construction contract review tailored to the industry.

Legartis' technology is changing the way Implenia performs its contract review tasks, according to the statement. It supports the Group's leading position in the digital transformation of the construction industry. "The partnership with Legartis is a signal to the construction industry that AI and legal departments are a good match. For us, the use of AI in the legal sector is an important step in our digitalization strategy and in increasing efficiency," says Dr. German Grüniger, General Counsel & Chief Compliance Officer at Implenia. Dr. Michael Burkart, Global Head Legal Operations & Strategy at Implenia adds: "By using Legartis' Legal AI technology, we expect improved management of contractual risks, greater standardization and a significant reduction in the workload of our legal experts."

David A. Bloch, CEO of Legartis, sees major benefits for the construction industry in the collaboration. "We are very happy about the co-development and the partnership with Implenia. Implenia's industry-specific expertise will flow into the training of our AI. These are ideal conditions for developing a powerful industry solution for AI-assisted construction contract review." The collaboration between Legartis and Implenia underlines the commitment of both companies to exploit the possibilities of innovative digital technologies and to establish themselves as pioneers in the use of AI in the field of law in the construction industry, according to a press release.

Sources and further information: www.legartis.ai/de and implenia.com