With more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey said Wednesday that it raised $21 million in fresh investor cash.
In March, accounting giant PricewaterhouseCoopers said it would give 4,000 legal professionals access to the platform.
"This is an arms race, and you don't want to be the last law firm with these tools," Daniel Tobey, chair of DLA Piper's AI practice, said of AI products. "It's very easy to become a dinosaur these days." Law firms Orrick, Herrington & Sutcliffe, which has about 1,150 lawyers, and Fisher Phillips, with more than 500 lawyers, are also using CoCounsel.
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