Hogan Lovells tech company ELTEMATE ranked Band 1 in three categories by Chambers

Hogan Lovells tech company ELTEMATE ranked Band 1 in three categories by Chambers

Press releases | 14 June 2024

London, Munich, Washington D.C.,14 June 2024 - Hogan Lovells’ ELTEMATE tech company has been ranked by Chambers New Law Guide as the number one band in three categories - Compliance & RegTech, Contract Analysis and Document Automation

The ranking marks an epic year for the ELTEMATE team that has grown to a global team of more than 80 people, including 25 software engineers. Since launching in 2023, our legal technology capabilities have transformed the way clients navigate the evolving regulatory environment. The use of bespoke cutting-edge AI tools has enabled companies to streamline their approach and increase productivity and operational efficiencies.

Sebastian Lach, Partner at Hogan Lovells and Co-CEO of ELTEMATE said:

“Chambers recognition for the work we do at ELTEMATE is testament to the breadth of expertise we have and the innovative approach we take to developing and successfully initiating high end, digital solutions. Our clients come to us because we can deliver AI technology that is transformative in addressing the many challenges in all areas of law.”

One of the first products to be developed by ELTEMATE was the Regulatory Pilot which was initially created to respond to demand from the automotive industry. The AI-powered solution can provide regulatory updates on new legislation and regulations in every global jurisdiction where the client operates. Through the use of AI this solution creates a cost and time efficient service for both clients and lawyers.

More recently, the launch of CRAIG’s Office provided users with a new customized suite of generative AI solutions that are much more sophisticated than other products on the market. It can be used to draft legal documents, summarize large data sets, extract and structure information into legal documents, automate contract negotiations, create fact chronologies, generate interview outlines and much more. This flagship product has become a blueprint for future product development.

Another ELTEMATE product, that has proved timely given the current global focus on compliance in this area, has been our whistleblowing module which has AI-powered functionality that makes the entire process more efficient, including communication with the individual whistleblower and the preparation of potential interview outlines.

Dennis H. Tracey, U.S. Director of ELTEMATE said:

“ELTEMATE is unique because we are not only providing third-party solutions, we are also driving our own proprietary software that can respond to almost any legal purpose in multiple languages. With AI advancing at significant speed, our versatility and adaptability to this evolution is of paramount importance to us and our clients. Being on this frontier of innovative technology is both exciting and invigorating.”

The ELTEMATE portfolio covers a large spectrum of legal tech solutions: generative AI, chatbots, machine learning, e-discovery, information analysis, regulatory updates, databases, deal rooms, workflows, case management, document automation, risk assessments and reporting.