Avail has welcomed CMS UK into the family of law firms now using its AI platform to drive regular and consistent savings in its commercial real estate team
London, UK (May 12, 2020) -CMS UK has adopted Avail, a new AI tool for real estate, as it continues to build on its CMS by Design approach to delivering practical, accessible innovation to identify and solve clients’ legal and business challenges.
Avail supports real estate lawyers conducting title due diligence exercises and assists with identifying key risks across a portfolio instantly. The CMS Real Estate practice throughout the UK uses the tool to analyse key information in Land Registry titles and is able to automate and speed up tasks such as providing an overview of the entire portfolio, estimating disbursements, or producing content for the transaction documents.
John Cumpson, CMS Partner and Head of Real Estate says: “Implementing Avail across our real estate practice has seen our lawyers harness technology to complement and expedite the service they deliver to our clients. Avail radically reduces the administrative and manual aspects of a title review. This enables our lawyers to dedicate their time to reviewing and verifying the output, in order to advise our clients of potential issues much earlier in the transaction process.”
For a recent client project, the CMS team ran the initial analysis of 215 real estate titles in less than 15 minutes – a task that would have previously taken many paralegal hours.
Dom Conte, Head of Projects at Avail says: “We’re delighted to welcome CMS into the Avail family. As LegalTech explodes in popularity, simple pre-trained AI tools are becoming a staple of any progressive law firm’s arsenal. The real estate team at CMS have adopted Avail with enthusiasm, and we’ve been able to deliver real efficiencies across a wide cross-section of transactions.”
Avail is one of the many smart legal tech tools that CMS has adopted as part of its CMS by Design legal innovation platform. Launched in 2018, CMS by Design is a collaborative collective of tools, teams and services across CMS that bring together the firm’s innovative offerings under one umbrella. These range from the core Innovation team and Legal Operations and Project Management team, Legal Service Designers, CMS Evidence, Legal Technology Tools team, Document Automation team, and to equIP, CMS’s IP start-up programme.
Avail is an early-stage PropTech company that builds unique and innovative AI augmented platforms for the legal sector, primarily focused around transactional real estate teams.
Contact Name: Dom Conte
Phone: 0333 567 8014