City law firm successfully pilots AI technology

International firm Reed Smith expects to make greater use of artificial intelligence technology for transactional work following a successful pilot in its London office. After using AI technology for a real estate matter, chief knowledge officer Lucy Dillon (pictured) said the firm will definitely be using it again. 'I think we will be using [the technology] more widely as it lends itself to any transaction where you are reviewing large reams of documents,' she added. The firm tested a'cognitive computing platform' developed by software provider RAVN Systems. The software was used to read, interpret and extract key provisions from a client's leases. It then produced a review identifying higher-risk leases that required further inspection.