Today, PwC announced a global partnership with artificial intelligence (AI) startup Harvey, providing PwC’s Legal Business Solutions professionals exclusive access (among the Big 4) to the game-changing AI platform.
Harvey, which is backed by the OpenAI Startup Fund, is built on OpenAi and Chat GPT technology. It is a platform that uses natural language processing, machine learning and data analytics to automate and enhance various aspects of legal work. Harvey will help generate insights and recommendations based on large volumes of data, delivering richer information that will enable PwC professionals to identify solutions faster. All outputs will be overseen and reviewed by PwC professionals.
The strategic alliance builds on PwC’s ability to bring human-led and tech-enabled solutions to clients, delivering on its global strategy, The New Equation.
PwC’s access to the technology will be used to support many of PwC’s global clients. The arrangement will provide several key benefits - for example:
- Harvey will give PwC’s professionals across 100+ countries access to leading generative AI technology. This will enhance the ability of PwC’s network of more than 4,000 legal professionals to deliver human led and technology enabled legal solutions in a range of areas, including contract analysis, regulatory compliance, claims management, due diligence and broader legal advisory and legal consulting services.
- PwC will work with Harvey to take the platform to market to help clients further streamline their in-house legal processes.
- PwC will also look to develop and train its own proprietary AI models with Harvey to create customised products and services for its own use cases and for clients across Legal Business Solutions.
Carol Stubbings, PwC Global Tax & Legal Services Leader, PwC UK, said:
“Harvey’s AI solution marks a huge shift in the way that tax and legal services will be delivered and consumed across the industry. Access to Harvey will be a game changer for our people and for our clients. I am incredibly excited about the problem solving capability that will be generated by combining PwC’s technical capabilities and deep market insights, with Harvey’s powerful AI platform.”
Tony O’Malley, PwC Global Legal Business Solutions Leader, PwC Australia, said:
“Harvey will transform the way we provide legal solutions for clients across the globe. The Harvey platform provides a generational-leap forward for our legal professionals in terms of insights, research and analysis. Combining our deep expertise with cutting-edge AI technology heralds a paradigm shift in the way that we solve complex problems for our clients.”
Gabriel Pereyra, Harvey Co-Founder and Chief Executive Officer, said:
“Working with PwC provides a unique opportunity to further enhance AI’s potential to solve the most complex legal problems. The scope of PwC’s capabilities enables us to collaborate on AI systems that expand on Harvey’s core legal use cases to provide more comprehensive solutions for PwC and their clients.”
Winston Weinberg, Harvey Co-Founder and Chief Operating Officer, said:
“We are thrilled to partner with PwC, a global leader in professional services, to deliver cutting-edge legal AI solutions to their clients. PwC houses an incredible breadth of expertise complimentary to their legal services and working with them provides Harvey a unique opportunity to develop multifaceted AI solutions that acknowledge that lawyers operate at the intersection of innumerable parts of our society.”
Sandeep Agrawal, PwC’s Global Leader for Legal Technology, PwC UK said:
“With the use of Harvey, our Legal Business Solutions professionals will be at the forefront of industry developments, catalysing their ability to deliver comprehensive, cost-efficient and market-relevant solutions to our clients. Integrating Harvey into our day to day activities will free-up much needed time and resources allowing our people to focus more on innovation and value accretive tasks.”
AI will not be used to provide legal advice to clients and AI will not replace lawyers, nor be a substitute for professional legal services.