26 September 2024
Cykel AI PLC
("Cykel AI" or the
"Company")
Cykel AI and Legal-Pythia Launch
Partnership to Improve Workflows
Innovative AI collaboration set to
transform Legal-Pythia's operations and
efficiency
Cykel AI PLC (LSE: CYK) an innovative AI
technology company, and Legal-Pythia LLP, a pioneering legal tech
firm, today announced the commencement of a strategic partnership
aimed at revolutionising Legal-Pythia's workflow and operational
efficiency.
This collaboration marks a significant milestone
in Legal-Pythia's journey of revolutionising legal tech through AI
innovation. By integrating Cykel AI's innovative artificial
intelligence technology, Legal-Pythia aims to dramatically reduce
time spent on repetitive digital tasks, allowing its legal
professionals to focus more on high-value client services and
revenue-driving activities.
Jeremy Bormann, Founder of Legal-Pythia,
expressed his excitement about the partnership: "We are thrilled to
embark on this transformative journey with Cykel AI. This
collaboration represents a pivotal moment for Legal-Pythia,
aligning perfectly with our mission to create accessible,
market-ready legal solutions powered by explainable AI."
Bormann, who holds a Master of Laws in Corporate
and Financial law from the University of Glasgow and has a
comprehensive legal background from Johannes Gutenberg-Universität
Mainz, founded Legal-Pythia with a vision to facilitate conflict
resolution and strategy transformation for diverse clients
including government bodies, law firms, and banks.
"By harnessing Cykel AI's advanced automation
solutions," Bormann continued, "we're not just upgrading our
technology; we're reimagining our entire workflow to empower our
legal professionals to dedicate more time to strategic thinking and
client relationships - the core of our business."
The partnership, which kicks off this month,
will focus on enhancing Legal-Pythia's operations
through:
1. Streamlining document review and
contract analysis processes.
2. Automating routine legal research
tasks.
3. Implementing AI-driven case
management systems.
4. Introducing predictive analytics
for case outcomes and resource allocation.
Jonathan Bixby, Chief Executive of Cykel AI PLC,
commented on the collaboration: "We're thrilled to start this
partnership with Legal-Pythia. Our goal is to demonstrate how our
AI solutions can transform a company's workflow, increasing
efficiency and allowing employees to focus on what truly matters.
This collaboration with Legal-Pythia provides an excellent
opportunity to showcase the practical applications of our
technology in a real-world legal setting."
As the partnership unfolds, Legal-Pythia
anticipates significant improvements in its operational efficiency.
The integration of Cykel AI's technology is expected to reduce time
spent on digital tasks by up to 40%, freeing up valuable hours for
Legal-Pythia's team to engage in more complex, high-value
work.
Bormann added, "This partnership not only aligns
with our core values of customer-centricity, innovation, quality,
and efficiency but also reinforces our commitment to addressing
underrepresentation and bias in the tech industry. Our
participation in programs like Sprint Studio and the Libra
programme has underscored the importance of creating inclusive and
empowering legal tech solutions."
Both companies are committed to a phased
implementation approach, ensuring smooth integration of the new AI
technologies into Legal-Pythia's existing systems and processes.
Leveraging Bormann's fluency in Python and public speaking skills,
the partnership aims to develop products that resonate with their
target audience while upholding values of inclusivity and legal
empowerment.
Regular updates on the progress and impact of
this transformation will be shared as the partnership
develops.
About Cykel AI
PLC
Cykel is an AI product and research company. Its
automation solutions simplify repetitive tasks, enabling employees
to concentrate on strategic and important work. The Company builds
systems designed to expand the functionality, reliability, and
application of AI automation. Cykel AI is building an automation
layer for the internet.
About
Legal-Pythia LLP
Founded by Jeremy Bormann, Legal-Pythia is
committed to revolutionizing legal tech through AI innovation. The
company leverages explainable AI to facilitate conflict resolution
and strategy transformation for diverse clients including
government bodies, law firms, and banks. Legal-Pythia envisions a
future where data complexity is simplified, decisions are crystal
clear, and innovation knows no bounds, all while prioritizing
inclusivity and legal empowerment.
Contact
Information: For more information about Cykel
AI, please visit www.cykel.ai For more
information about Legal-Pythia, please visit www.pythialegal.com
