Legal tech platform invest in Artificial Intelligence powered expertise finding platform 

Nextlaw Labs, the innovative legal tech venture development company launched by global law firm Dentons, today announced its investment in AI-powered expertise finding platform, ProFinda. The deal was closed through Nextlaw Labs’ investment fund, Nextlaw Ventures.

“The difficulty of matching the best subject matter expert with clients’ needs is a longstanding pain point in all professional services but specifically in the legal industry.” said Dan Jansen, CEO, Nextlaw Labs. “ProFinda has developed a solution to this problem that is faster and smarter than any other, and we believe the applications for this technology in a law firm environment are tremendous.”

ProFinda’s artificial intelligence engine builds an entire map of all the skills, knowledge, connections and expertise available across a company, providing a single view of an organisation’s talent pool. ProFinda then enables employees, through matching algorithms, to find expertise, create high performing teams and match subject matter experts to projects and clients in real time – driving utilisation and productivity. ProFinda also includes an optional reward and recognition module to further encourage the sharing of knowledge and skills.

Since launching in 2011, award-winning technology platform – ProFinda has been featured at The White House and Davos and has users in 1,160 cities globally. ProFinda has also secured strategic partnerships across a number of professional services organisations including: PwC, KPMG, Slalom, Deloitte and many more.

“Nextlaw Labs’ investment is a massive endorsement of ProFinda’s position in the professional services market” said Roger Gorman, CEO, ProFinda. “We’re thrilled to build on this incredible partnership to continually deliver our fast-paced roadmap of new features and technology”.

Source: NextLaw

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