Leading global law firm Baker McKenzie and cutting edge problem-solving platform SparkBeyond are delighted to announce a market-first collaboration to apply SparkBeyond's technology to disrupt the legal industry and reimagine what legal services might look like for clients in the future.
The collaboration will initially see Baker McKenzie - through its new global innovation arm Reinvent - apply SparkBeyond's artificial intelligence-powered problem-solving technology over the coming months to predict what kind of services clients will require from law firms, the unseen drivers of client demand and how Baker McKenzie might evolve its business to meet those needs.
Thereafter, the parties plan to explore client facing collaborations across the M&A, anti-trust and IP spaces, among others. The Firm is also planning to apply the platform to its Sustainability efforts, in particular supporting good governance and the Rule of Law as part of its commitment to the UN's Sustainable Development Goals and SparkBeyond's parallel commitment to making sure its technology has a positive social impact.
SparkBeyond’s platform uses AI to bypass human bias and cognitive bottlenecks in problem-solving, generating millions of hypotheses per minute to brainstorm solutions. These hypotheses will fuse Baker McKenzie's knowledge with unique insights gleaned from SparkBeyond’s rich network of external data sources, delivering actionable insights powered by AI ideation.
Ben Allgrove, Baker McKenzie partner and Global Head of R&D commented:
"As the first global law firm, innovation has always been an integral part of Baker McKenzie's DNA. We are the original legal industry disruptors and throughout our history this legacy has enabled us to thrive. The legal sector is on a new disruption path now and our partnership with SparkBeyond will turbo-charge the change in our business. The collaboration will give us unparalleled insights into the future of legal services and what they could be if only we had a wider perspective. Understanding these unseen drivers and roots causes driving future client demand will allow us to shape the future of our business. Thereafter we plan to quickly explore, with our clients, how we might co-create a range of new value across the legal, tax and compliance functions. We are also excited about partnering with SparkBeyond to deploy our mutual skills to create real positive social impact."
“The opportunity to join forces with one of the world’s largest law firms will help us realise a common goal: reimagining the legal system – the ‘OS' of civilisation”, said Amir Haramaty, Chief Commercial Officer of SparkBeyond. “SparkBeyond’s AI and advanced problem-solving systems have led the way in transforming many of our traditional industries, and we look forward to this latest challenge.”
The collaboration with SparkBeyond marks the launch of Baker McKenzie's new global innovation arm, Reinvent Law, led by Ben Allgrove. Building on its founding sponsorship of the Frankfurt legal innovation hub of the same name, the Firm is uniting and aligning all its diverse innovation initiatives worldwide under a single arm, Reinvent.
"Throughout 2020, innovation has helped us successfully navigate the disruption and advise our clients as many things changed in completely unexpected ways," said Milton Cheng, Global Chair of Baker McKenzie. "Moving forward, we will embed innovation in our overall Firm strategy and the services we deliver to our clients. We are excited at the prospect of collaborations with cutting edge business partners like SparkBeyond. Reinvent will build on our history of innovation and carry it into the future."
-Ends-
About Baker McKenzie
Baker McKenzie helps clients overcome the challenges of competing in the global economy. We solve complex legal problems across borders and practice areas. Our unique culture, developed over 65 years, enables our 13,000 people to understand local markets and navigate multiple jurisdictions, working together as trusted colleagues and friends to instil confidence in our clients. (www.bakermckenzie.com)
About SparkBeyond
SparkBeyond is on a mission to deepen and accelerate the human ability to solve complex problems on a global scale, combining breakthrough technology with human excellence in order to make better sense of operational, financial and social realities. Global industry leaders and top consulting firms leverage SparkBeyond technology to extract novel insights out of data, develop new knowledge, and orchestrate solutions for their most pressing problems, driving lasting impact across a broad range of challenges. www.sparkbeyond.com
Media Contacts:
Baker McKenzie
Michael Evans
michael.evans@bakermckenzie.com
SparkBeyond
Marie-Paule Ayoh
mediarelations@sparkbeyond.com
270 Madison Ave
New York, NY 10016
www.sparkbeyond.com
© Press Release 2020
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
