DISCO Unveils Cecilia Deposition Summaries, an Advanced Tool That Gives Lawyers Fast Analysis of Witness Testimony
30 Enero 2024 - 8:04AM
Business Wire
Legal tech company showcases growth of generative AI
capabilities while offering glimpse of upcoming products at
Legalweek in New York
DISCO (NYSE: LAW), a leader in AI-enabled legal technology,
announced today the launch of Cecilia Deposition Summaries (“Depo
Summaries”), which will be made available for select customers in
private access. Depo Summaries is a generative AI-driven solution
that is designed to let legal professionals automatically create
deposition summaries, easily navigate to key points, and reduce the
need for multiple team members to review numerous lengthy
deposition transcripts.
For lawyers, the process of creating witness deposition
summaries is often tedious, time-consuming and costly, and can take
focus away from other more strategic tasks. Depo Summaries is a
solution that leverages generative AI to give lawyers the ability
quickly to make sense of important deposition transcriptions and
provide client-ready summaries. These summaries are automatically
produced both chronologically and by key topic, and then linked to
relevant deposition testimony. Users are able to seamlessly search
through annotated transcripts, thus enabling better case
preparation.
Depo Summaries lets legal professionals understand testimony
faster and eliminates the need for associates to produce secondary
summaries from scratch. The solution is designed to let users
upload deposition transcripts and then receive key-topic summaries
within a matter of minutes, with links and full citations. Users
can copy summarized testimony directly into motion drafts with
proper formatting and citations, and summaries can also be exported
from the tool for sharing with the case team or client.
“Generative AI is allowing us to improve legal workflows by
giving lawyers a way to quickly understand and process long
transcripts, eliminate cumbersome manual review, and enable legal
teams to get to critical insights in depositions faster,” said
Kevin Smith, DISCO’s Chief Product Officer. “We believe DISCO is
well positioned to continue developing best-in-class AI products
that can alleviate pain points and better equip lawyers to win
their cases.”
Depo Summaries is an offering within the Cecilia platform,
DISCO’s industry-first solution that combines natural language
processing with the latest advances in LLM technology. DISCO will
be showcasing its generative AI products at Legalweek in New York.
To learn more, visit booth #2113 or schedule a private meeting with
the team www.csdisco.com/legalweek.
About DISCO
DISCO (NYSE: LAW) provides cloud-native, artificial
intelligence-powered legal solutions that simplify legal hold,
legal request, ediscovery, legal document review and case
management for enterprises, law firms, legal services providers,
and governments. Our scalable, integrated solutions enable legal
departments to easily collect, process and review enterprise data
that is relevant or potentially relevant to legal matters. For more
information, visit www.csdisco.com.
Forward-Looking Statements
This press release contains forward-looking statements regarding
Depo Summaries and DISCO’s generative AI capabilities, including,
among other things, the potential benefits derived from use of Depo
Summaries and generative AI and DISCO’s ability to continue
developing best-in-class AI products. Words such as “may,”
“should,” “will,” “believe,” “expect,” “anticipate,” “target,”
“project,” and similar phrases that denote future expectation or
intent regarding DISCO’s financial results, operations, and other
matters are intended to identify forward-looking statements. You
should not rely upon forward-looking statements as predictions of
future events.
The outcome of the events described in these forward-looking
statements is subject to known and unknown risks, uncertainties,
and other factors that may cause DISCO’s actual results,
performance, or achievements to differ materially, including (i)
our history of operating losses; (ii) our limited operating
history; (iii) our ability to maintain and advance our innovation
and brand; (iv) our ability to effectively add new customers; (v)
our ability to effectively increase usage and penetration with our
existing customer base; (vi) our ability to expand our sales
coverage and establish a digital sales channel; (vii) our ability
to expand internationally; (viii) our ability to extend and
strengthen our channel partnerships and integrations; (ix) our
ability to expand our offering portfolio to a wider range of legal
processes outside of our current core offerings; (x) our dependence
on revenue from customer usage, which fluctuates based on the
timing of and activity driven by legal matters for which our
solution is used, and any shortfall of large matters on our
platform; (xi) our ability to pursue strategic acquisitions and
strategic investments to expand the functionality and value of our
solution; (xii) our ability to comply or remain in compliance with
laws and regulations that currently apply or become applicable to
our business in the jurisdictions in which we operate; (xiii) the
potential that our computer or electronic systems, applications or
services, or those of any third parties on whom we depend, fail or
suffer security or data privacy breaches or other unauthorized or
improper access to, use of, or destruction of our proprietary or
confidential data, employee data, or personal data; (xiv) our
ability to compete effectively with existing competitors and new
market entrants; (xv) the impact of fluctuations in general
macroeconomic conditions, such as the current inflationary
environment and rising interest rates; and (xvi) the impact that
global events, such as the COVID-19 pandemic, including variants of
COVID-19 or other public health crises, the Russian military
operations in Ukraine, the Israel-Hamas war and any related
economic downturn could have on our or our customers’ businesses,
financial condition and results of operations. The forward-looking
statements contained in this press release are also subject to
additional risks, uncertainties, and factors, including those more
fully described in our filings with the Securities and Exchange
Commission (“SEC”), including our Quarterly Report on Form 10-Q for
the quarter ended September 30, 2023, filed with the SEC on
November 9, 2023. Further information on potential risks that could
affect actual results will be included in the subsequent periodic
and current reports and other filings that we make with the SEC
from time to time, including our Annual Report on Form 10-K for the
year ended December 31, 2023. Forward-looking statements represent
DISCO’s management’s beliefs and assumptions only as of the date
such statements are made. We undertake no obligation to update any
forward-looking statements made in this press release to reflect
events or circumstances after the date of this press release or to
reflect new information or the occurrence of unanticipated events,
except as required by law.
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