PwC’s Legal Business Solutions professionals will have exclusive access (among Big 4 advisory firms) to this game-changing generative AI platform.
PwC Global announced this alliance in March this year and other regions (including CEE) have gradually joined in its usage, which will strengthen the international scope and importance of this partnership.
Harvey, which is backed by the OpenAI Startup Fund and Sequoia, is built on OpenAI and ChatGPT technology. It uses natural language processing, machine learning and data analytics to automate and improve various aspects of legal work. Harvey will help generate insights and recommendations based on large volumes of data, delivering enhanced information that will enable PwC professionals to identify solutions faster. All outputs will be overseen and reviewed by PwC professionals.
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 customized products and services for its own use cases and for clients across Legal Business Solutions.
“I am very proud that our Tax & Legal Department will be an active part of this huge change, where we abandon the traditional ‘knowledge sharing’ model and move towards the ‘experience sharing’ model. The partnership between PwC and Harvey – a cutting-edge AI firm is a revolutionary one, that we at PwC Slovakia are excited about. Thanks to this cooperation, our experts from PwC’s Tax & Legal services will have access to the leading generative AI technology. At PwC, we believe in the combination of human capabilities and AI innovations. Such a combination will open up a new era of efficiency, accuracy, connectivity, and the highest standards of legal services for our clients. At PwC, we don’t wait for changes, we actively create them.”
About Harvey: Harvey is a generative AI company backed by OpenAI and Sequoia’s startup fund. We partner with elite law firms and legal service providers to augment their legal expertise with cutting edge AI. Together, we tackle the world’s most complex legal challenges.
About PwC: At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 151 countries with more than 364,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at www.pwc.com.
PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.
