UK-based legaltech startup Orbital Witness has announced a pioneering partnership with First Title Insurance, part of the First American Financial Corporation.
This collaboration – the first of its kind anywhere in the world – will offer AI Reliance, an insurance-backed accuracy guarantee for a legaltech AI product.
This signifies a major milestone for the use of generative AI in professional services such as law and conveyancing.
Launched in 2018, Orbital Witness builds AI-powered software that accelerates the legal due diligence and client reporting process – and reduces the risk of human error – for more than 60,000 property transactions every year, from individual home sales to multi-million-pound commercial property deals.
Launched in 2018, their real-estate-specific technology is now used in 60,000 property transactions annually by over 4,000 professionals, streamlining the traditionally paperwork-heavy due diligence process.
Current clients include most of the top-ranked real estate teams, such as Linklaters, Herbert Smith Freehills, and Clifford Chance, as well…
