PwC, the newest company to implement generative AI technology for legal work, announced on Wednesday that it will grant access to an artificial intelligence platform to 4,000 of its legal professionals.
PwC announced a 12-month initial deal with AI startup Harvey. According to the accounting and consulting business, the partnership would assist lawyers with contract analysis, work related to regulatory compliance, due diligence, and other legal advice and consulting services.
It claimed that only it and the Big Four professional services businesses had access to Harvey’s technology.
Harvey is based on technology from OpenAI, a firm financed by Microsoft Corp. that on Tuesday enhanced its AI sensation ChatGPT. Last year, the OpenAI Startup Fund, which was leading the funding round, invested $5 million in Harvey.
According to PwC, AI “will not replace lawyers” and will not offer legal advice to its clients.
According to a PwC spokeswoman, the company will use its own internal data and, in the future, it may use anonymized data from clients who consent to PwC using their information in particular ways. Additionally, it stated that it will use Harvey’s platform to build its own AI models in order to develop personalized goods and services.
A number of other businesses, legal firms, and professional services firms have also begun to test generative AI.
This month, the big-name law firm Allen & Overy became the first one to publicly join with Harvey. More than 3,500 lawyers from the sizable London-based business will utilize the service to automate some legal document production and research, according to the firm.
Other legal technology businesses are scrambling to add generative AI capabilities to their offerings. Last month, Robin AI, a London-based business that specializes in contracts, announced that technology from OpenAI rival Anthropic had been incorporated into its platform.
A legal research startup called Casetext revealed on Tuesday that its most recent AI legal assistant product, which was just released, is also based on OpenAI’s most recent model, GPT-4.
