Pillsbury Joins with OpenText to Pioneer New Artificial Intelligence Innovations in the Legal Industry
OpenText Magellan Delivers New AI, Automation and Advanced Analytics Applications to Expand Possibilities for eDiscovery
WATERLOO, Ontario, Dec. 17, 2018 /CNW/ -- OpenText™ (NASDAQ: OTEX,TSX: OTEX), a global leader in Enterprise Information Management (EIM), today announced that leading international law firm Pillsbury Winthrop Shaw Pittman LLP will be the first law firm to deploy OpenText Magellan, OpenText's AI-enabled analytics platform. Pillsbury will leverage Magellan to deliver expanded automation and artificial intelligence enhancements to the firm's global legal practice.
"Technology is rapidly disrupting the legal profession and Pillsbury is leading the transformation. We were pioneers in the use of technology-assisted review and cloud-based eDiscovery, and we have achieved remarkable efficiencies for Pillsbury's clients using our OpenText Axcelerate platform," said Pillsbury litigation partner, David L. Stanton. "Now, we are working with OpenText to integrate the Magellan AI suite, another industry first. It gives us flexible machine learning capabilities and an adaptive suite of text-mining and visualization tools, which will change how we approach big data—driving faster and more in-depth legal analytics and permitting us to leverage custom data models and taxonomies to streamline labor-intensive tasks."
Magellan complements the firm's existing OpenText Axcelerate Cloud deployment and will deliver extended machine learning abilities beyond traditional eDiscovery—enabling Pillsbury's attorneys to interact with large data collections in new ways that will make it easier to understand and present legal case narratives and to unearth investigatory facts.
Stanton continued, "We are building intelligent tools with Magellan to make our legal teams even more efficient and effective, with automated document summaries and chronologies, instant sentiment analysis and AI-enabled privilege detection already on the way. Our overriding goal at Pillsbury is exceptional client service, and this investment will help us deliver on that promise while keeping our clients' costs down."
"Pillsbury is setting a new standard for the ways that technology can enable a truly intelligent and connected legal practice. They are on the cutting edge," said Mark J. Barrenechea, OpenText CEO and CTO. "AI is transforming every business sector and the legal industry has been at the forefront. We are pleased to be working with Pillsbury on innovations that help law firms improve their services and increase value to their clients."
Building on Pillsbury's use of OpenText Axcelerate to intelligently identify and assess legal documents, Pillsbury will be the first major law firm to deploy a true AI platform with OpenText Magellan. This feature-rich analytics suite will help Pillsbury lawyers understand unstructured content—such as massive email collections, hard drive and mobile device images, file servers and cloud repositories—thereby reducing the time it takes them to find key facts and to locate the most persuasive evidence in a case.
"Magellan will help us maintain our position as a go-to provider for large data-driven legal projects," Stanton said.
About OpenText
OpenText, The Information Company™, enables organizations to gain insight through market leading information management solutions, on premises or in the cloud. For more information about OpenText (NASDAQ: OTEX,TSX: OTEX) visit opentext.com.
About Pillsbury
Pillsbury Winthrop Shaw Pittman LLP is an international law firm with a particular focus on the technology, energy & natural resources, financial services, real estate & construction, and travel & hospitality sectors. Recognized by legal research firm BTI as one of the top 20 firms for client service, Pillsbury and its lawyers are highly regarded for their forward-thinking approach, their enthusiasm for collaborating across disciplines and their unsurpassed commercial awareness. For more information, visit www.pillsburylaw.com.
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Certain statements in this press release may contain words considered forward-looking statements or information under applicable securities laws. These statements are based on OpenText's current expectations, estimates, forecasts and projections about the operating environment, economies and markets in which the company operates. These statements are subject to important assumptions, risks and uncertainties that are difficult to predict, and the actual outcome may be materially different. OpenText's assumptions, although considered reasonable by the company at the date of this press release, may prove to be inaccurate and consequently its actual results could differ materially from the expectations set out herein. For additional information with respect to risks and other factors which could occur, see OpenText's Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and other securities filings with the SEC and other securities regulators. Unless otherwise required by applicable securities laws, OpenText disclaims any intention or obligations to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
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SOURCE Open Text Corporation
For further information: Ryan Hill, OpenText, 416-524-6794, [email protected], http://www.OpenText.com
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