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Clients are requiring law firms to reduce costs without sacrificing efficiency or turnaround time and increasingly turning to non-traditional legal solutions. However, legal work is case-based and lacks the standardization and scalability required for innovative solutions and law firms need to maintain, high-quality work and security in a regulated environment.
KnomAI helps law firms increase the efficiency of their existing teams while ensuring high-quality work and expand the scope of their offerings to include more complex work while ensuring delivery on a confidential, secure platform.
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Here are some use cases where KnomAI has worked with insurance companies to provide workflows and solutions tailored for them. Our platform enables you to create your own workflows to solve similar issues.
Financial Clients – Regulation Scoping and Exemptions
The Challenge: Law Firm wanted to provide client specific case-based information to enable financial clients to self-determine the applicability of specific exemptions to certain regulations which varied in differing geographies.
Our Solution: Build a set of workflows automating exemption assessments based on geography and associated rules. White label our product for integration to the company’s platform. Build reports for end-customers and enable follow-up with experts in the company
Insurance Client – underwriting deals
The Challenge:Law firm in need of a custom solution for their client - they were handling hundreds of individual cases with onboarding, conflict of interest check, document review and assessment, with multiple specialist lawyers involved, client feedback and reporting.
Our Solution: We rapidly automated the process, including onboarding, conflict check, internal and external guided exchanges, document review capabilities and reaching assessments and decisions for each individual.
M&A Clients – CFUIS Investments
The Challenge:•Law firm handling regulatory notification requirement for foreign investments needed to streamline the process to help its clients identify those which will need notification and those which will not before engaging more directly with the client’s needs
Our Solution: •We rapidly automated the process, including internal and external guided exchanges, document review capabilities and reaching assessments and decisions for each case.
GDPR - Data Breach Notification
The Challenge: Large global law firm wanted to offer a quick data breach notification capability to its clients.
Our Solution: •Build a workflow identifying when a data breach occurs and based on results, indicating to the user whether notification is required and the process to follow.