DLA Piper announced today the launch of Aiscension, a ground-breaking AI-enabled service designed to find cartel risks within corporations. Aiscension is revolutionising risk detection by combining DLA Piper’s legal know-how, with cutting-edge AI technology from EDRM Partner, Reveal.
Ilan Sherr, Legal Director at DLA Piper and Executive Director of Aiscension comments:
The consequences of being proven to be involved in cartel related activity are very serious. An infringement can involve large fines, criminal sanctions and lasting damage to a firm’s brand and reputation. An investigation alone can have serious consequences, so prevention is much better than cure . The efficiency and reduction in cost that Aiscension brings to the market opens up a whole new way for companies to view and mitigate cartel risk. Aiscension provides our clients with the ability to identify, at an early stage, whether they are at risk of being involved in potentially illegal activity. This can enable them to take appropriate action at the earliest opportunity, and even prevent any damage from being done.
This innovative service has the ability to analyse vast amounts of data relevant to many forms of cartel activity, such as price fixing, market sharing, bid rigging, information exchange and collective boycotts. Cartel activity is a key, and growing, risk area for businesses across all sectors.
This solution confirms that a combination of AI technology and human legal expertise can solve complex issues such as cartel activity detection. Our platform allows DLA Piper’s Aiscension to build powerful AI models to meet their client’s needs. Aiscension will apply these AI models to future cases. Our partnership with DLA Piper allows lawyers to work hand-in-hand with data scientists – continuing Reveal’s mission to further the impact of automation in the practice of law.
WENDELL JISA, FOUNDER & CEO, REVEAL
Aiscension works by having the AI model trained by DLA Piper lawyers and optimised in collaboration with Reveal data scientists to identify and efficiently explore corporate electronic communications which may signal cartel behaviour.
Read the full press release here.
