IBM Watson Partners With MAQS, Lindahl VQ to Build Legal AI Tool

IBM Watson has partnered with two of Sweden's leading law firms, MAQS and Lindahl, as well as legal knowledge management consultancy, VQ, to build an AI-driven contract review and advice system. The new AI tool, which is called True Agreement, is at present focused on Swedish shareholder agreements and has been trained to identify the type of document, find key clauses and then provide advice on aspects of those clauses as they are surfaced by IBM Watson's natural language processing capability. The new venture was revealed at the VQ forum event in Stockholm, yesterday and is the first joint venture legal AI project of its kind in Scandinavia. Also, MAQS revealed that it is now working with UK legal AI company, Luminance, becoming one of several law firms in the region now making use of the due diligence-focused AI company's platform. MAQS Knowledge Manager, Hans Hedkvist told Artificial Lawyer: 'The idea came about jointly between myself, the head of IT at Lindahl and Helena Hallgarn of VQ.' 'We saw that AI was coming and we wanted to do something in Swedish.