Zurich, 2 April, 2024 – Legartis, the pioneering DACH-region company in the field of Artificial Intelligence (AI) for contract reviews, today announced its collaboration with Implenia, the leading multinational Swiss construction and real estate service provider. The partnership marks a significant step for the application of AI in the legal domain of the construction industry.
The two companies are working together in several areas: As part of a co-development, they are creating a specialized AI module to speed up the review time of comprehensive contracts in the construction sector. This will enable a future industry-tailored, automated, and AI-supported construction contract review.
Legartis' technology changes the way Implenia perceives its responsibilities around contract reviews and supports the group's leading position in the digital transformation of the construction industry.
"The partnership with Legartis is a signal to the construction industry that AI and legal departments are a good match. For us, the use of AI in the legal profession is an important step in our digitalization strategy and towards increasing efficiency," says Dr. German Grüniger, General Counsel & Chief Compliance Officer at Implenia. Dr. Michael Burkart, Global Head Legal Operations & Strategy at Implenia adds: "With the use of Legartis' Legal AI technology, we expect improved management of contract risks, higher standardization, and a significant relief for our legal experts."
David A. Bloch, CEO of Legartis, sees great advantages in the collaboration for the construction industry. "We are very happy about the co-development and the partnership with Implenia. Implenia's industry-specific know-how is incorporated into the training of our AI. These are optimal conditions for developing an efficient industry solution for AI-assisted construction contract reviews."
The collaboration between Legartis and Implenia highlights the commitment of both companies to fully exploit the possibilities of innovative digital technologies and to establish themselves as pioneers in the use of AI in the legal field within the construction industry.
As Switzerland’s leading construction and real estate service provider, Implenia develops, builds and manages homes, workplaces and infrastructure for future generations in Switzerland and Germany. It also offers tunnelling and related infrastructure services in other markets. Formed in 2006, the company can look back on around 150 years of construction tradition. Implenia brings together the know-how of its highly skilled development, planning and execution units under the umbrella of an integrated multinational construction and real estate service provider. With its broad offering and the expertise of its specialists, the Group realises large, complex projects and provides client-centric support across the entire life cycle of a building or structure. It focuses on client needs and on striking a sustainable balance between commercial success and social and environmental responsibility. Implenia, with its headquarters in Opfikon near Zurich, employs more than 9,000 (FTE) people across Europe and posted revenue of CHF 3.6 billion in 2023. The company is listed on the SIX Swiss Exchange (IMPN, CH0023868554). More information can be found at implenia.com.
Legartis is a multi-award-winning Legal AI solution for automating contract review and automated data extraction from thousands of contracts. Legal departments, sales organizations, and procurement teams use the artificial intelligence of Legartis to thoroughly analyze incoming contracts. Ready for use from day one, Legartis ensures efficient collaboration among all parties involved and the consistent adherence to company policies. For more information, visit www.legartis.ai.