- New offering delivers cutting-edge technology from Reveal alongside DLA Piper’s first-class legal know-how
- Time and cost savings allow for companies to focus on detection
- Faster, more effective and better value than traditional technology assisted and manual reviews
16 March 2021
DLA Piper announced today the launch of Aiscension, a ground-breaking AI-enabled service designed to find cartel risks within corporations. Aiscension is revolutionising risk detection by combining DLA Piper’s legal know-how, with cutting-edge AI technology from Reveal, the leading provider of AI-powered e-Discovery software.
Despite many companies having compliance systems in place, there remains a constant risk that any business (or its subsidiaries) can become involved in cartel activity. Aiscension can enhance a business’s compliance initiatives by offering the ability to detect and prevent cartels. It combines Reveal’s best-in-class AI technology with DLA Piper’s renowned legal expertise to create faster, more effective and more accurate outcomes.
Darach Connolly, who leads DLA Piper’s competition practice in Ireland comments: “Cartel related activity has the potential to cause serious harm to any business targeted by an investigation. We have seen firms hit with large fines, criminal sanctions and lasting damage to brand and reputation. Prevention is better than the cure – and something that our clients work hard to achieve. This innovative service has the ability to analyse vast amounts of data relevant to many forms of cartel activity, such as price fixing, market sharing, bid rigging, information exchange and collective boycotts. Cartel activity is a key, and growing, risk area for businesses across all sectors. An analysis of competition fines since January 2000 for the EU, UK, and US competition authorities shows there have been fines impacting over 1,100 entities and totalling over €43 billion – in these three jurisdictions alone.”
“The ECN+ Directive will shortly empower the Irish Competition and Consumer Protection Commission (CCPC) with the ability, for the first time, to issue civil fines for competition infringements – similar to how the Central Bank of Ireland sanctioned Davy Stockbrokers in recent weeks. With the new changes expected to ramp-up regulatory scrutiny of cartel conduct by the CCPC, Aiscension gives clients in Ireland a whole new way to dramatically reduce cartel risk and put them on the front foot,” continued Connolly.
Caoimhe Clarkin, who leads DLA Piper’s Litigation and Regulatory practice in Ireland commented: “With increased powers to prevent consumer harm, we expect the CCPC to be even more active in investigating anti-competitive conduct resulting in increased risk for our clients. With Aiscension, we are providing our clients with the ability to identify, at an early stage, whether they are at risk of being involved in potentially illegal activity, thereby reducing or even preventing the risk of serious damage. Aiscension works to identify and efficiently explore corporate electronic communications which may signal cartel behaviour. Leveraging the power of cutting-edge AI, businesses can significantly reduce the time spent on compliance reviews, freeing up resources to be deployed elsewhere. With Aiscension, DLA Piper is bringing new levels of efficiency and cost reduction to the Irish legal market.”
DLA Piper will be offering the Aiscension service as part of its enhanced legal offering named Law&.
Commenting on the launch, Simon Levine, Global Co-CEO, DLA Piper said: “We continue to build on the momentum of introducing bold and innovative products and services through our enhanced legal offering Law&, which directly addresses our client’s challenges and allows them to seize opportunities. Our collaboration with Reveal provides companies with the ability to greatly reduce the risk of being caught up in damaging cartel related activity and revolutionises how they approach prevention. Aiscension is yet another example of the market changing products we are developing.”
“This solution confirms that a combination of AI technology and human legal expertise can solve complex issues such as cartel activity detection. Our platform allows DLA Piper’s Aiscension to build powerful AI models to meet their client’s needs. Aiscension will apply these AI models to future cases,” said Wendell Jisa, founder & CEO of Reveal. “Our partnership with DLA Piper allows lawyers to work hand-in-hand with data scientists – continuing Reveal’s mission to further the impact of automation in the practice of law.”
For more information about DLA Piper’s Aiscension, with Reveal AI technology, and to experience a demo, visit www.dlapiper.com.
