Dentons and AXL Team Up for AI Innovation in Legal Services
Dentons partners with AXL to co-develop AI ventures, enhancing workflows, pricing, and access to legal services.
Dentons has formed a strategic partnership with Canadian venture studio AXL to drive artificial intelligence (AI) innovation in legal services. This collaboration will see Dentons become AXL’s sole legal partner, co-developing AI-related ventures that focus on enhancing workflows, pricing, and access to legal services.
Dentons Canada CEO Tim Haney emphasized the firm’s commitment to staying at the forefront of legal innovation and AI. “By collaborating closely with AXL, we will unlock new models for how technology can enable us to provide exponential value to our clients through innovation,” Haney stated.
AXL co-founder and CEO Dr. Daniel Wigdor highlighted the potential of the partnership. “The last time legal services fundamentally changed, it was because of a research lab. Lawyers modeled the modern law firm after Thomas Edison’s lab — teams of associates supporting partners to boost output and value. Dentons and AXL are now picking up where that transformation left off, building the next wave of practical, scalable AI applications for law,” Wigdor explained.
Wigdor’s goal is to establish 50 AI-powered companies in the next five years, driving Canada’s AI research-to-commercialization pipeline. AXL’s model combines AI research from the University of Toronto with its AI Catalyst program.
Mike Hollinger, partner and Toronto leader of Dentons’ venture technology and emerging growth companies group, noted the unique contribution of the partnership. “With AXL, we are not just offering legal services to startups – we are contributing to the formation of AI ventures from day one,” Hollinger said.
Dr. Wigdor delivered the keynote address at the Dentons North American AI Legal Summit, discussing the evolution of interactive computing and the current AI wave. Dentons is one of several Canadian organizations partnering with AXL in think tanks focused on applying AI to boost efficiency in various industries.
The partnership between Dentons and AXL represents a significant step forward in the integration of AI into legal services, promising to transform how law firms operate and deliver value to clients.
Frequently Asked Questions
What is the main goal of the partnership between Dentons and AXL?
The main goal is to co-develop AI-related innovation ventures that enhance workflows, pricing, and access to legal services.
How will Dentons contribute to the partnership?
Dentons will provide legal advice in the early stages of the AI venture formation process.
What is AXL's role in the partnership?
AXL will lead the development of practical and scalable AI applications, leveraging research from the University of Toronto.
What is the significance of this partnership in the legal industry?
It represents a significant step in integrating AI into legal services, promising to transform how law firms operate and deliver value.
What are the potential benefits for clients of Dentons and AXL's AI ventures?
Clients can expect enhanced legal services through improved workflows, more efficient pricing, and better access to legal solutions.
Related News Articles
Young Iranian Finds Comfort in ChatGPT During War
Read Article →
DDN Releases Comprehensive Guide for Corporate Directors on AI Oversight
Read Article →
Navigating the Rapid and Responsible Integration of Generative AI
Read Article →
Microsoft Claims AI Can Outperform Doctors in Diagnostics
Read Article →
Will AI Need Its Own Insurance Policy?
Read Article →