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Simonsen Vogt Wiig engages with RAVN to efficiently extract details from lease agreements using Artificial Intelligence

London, 7 May 2017

RAVN Systems, leading experts in Artificial Intelligence (AI), Search and Knowledge Management solutions, is pleased to announce Simonsen Vogt Wiig engages with RAVN to increase efficiencies within the firm by adopting the RAVN Extract application.

RAVN Extract is an application built upon RAVN’s Applied Cognitive Engine (RAVN ACE), an AI platform which automatically reads, interprets and extracts key information from unstructured data into any desired business output.

Simonsen Vogt Wiig, a leading commercial law firm headquartered in Norway, engages with RAVN to improve efficiencies and consistency of review for due diligence matters within their Real Estate department through the use of intelligent automation.

Peter Van Dam, Knowledge and IT Manager at Simonsen Vogt Wiig, commented, "The software will read, interpret and extract key provisions from a client’s property lease agreements. This approach is a great supplement to manually laborious processes, and a stand-alone device in relation to certain standardized agreements and will mitigate risk from human errors and inconsistencies. SVW is happy to continue the collaboration with RAVN to further improve the SVW real estate robot."

Pål Brudvik, Partner at Simonsen Vogt Wiig, commented, “We are very impressed with what RAVN has shown us so far. We started this project within our Real Estate department and we’re eager to take this technology to the other sector teams to see how we can further improve services to our clients".

Dries Ausems, Sales Director, Europe, commented, “It’s great to work with the team at Simonsen Vogt Wiig as we continue to explore the different options to apply this technology in order to create new legal solutions”.

About RAVN Systems
RAVN Systems are leading experts in the Natural Language Processing and Machine Learning branches of Artificial Intelligence (AI). They offer revolutionary cognitive computing solutions for any information intensive vertical. RAVN’s unique proprietary technology and expertise deliver long-term value, competitive advantages and help manage and mitigate risk through structuring and surfacing information contained within unstructured data.

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About Simonsen Vogt Wiig
Simonsen Vogt Wiig is a leading commercial law firm with offices in the largest cities in Norway as well as an office in Singapore. The 180 lawyers provide assistance within all major business sectors, and builds lasting relationships with clients by combining thorough business understanding with top legal expertise. High quality in all segments is the leading principle for the activities.

Press Contact
Rebecca Tear
Phone: 020 7566 0000