Palantir and Akin Gump Collaborate on Legal Digital Service Platform
Posted on 02/19/2021
Palantir Technologies Inc. (NYSE:PLTR) and Akin Gump Strauss Hauer & Feld LLP announced they have collaborated to introduce Akin Gump’s RegSpot, a new legal digital services platform powered by Palantir’s Foundry software that will allow Akin Gump’s clients to access innovative solutions to meet their legal needs. Palantir Technologies is a software company that builds enterprise data platforms for use by organizations with complex and sensitive data environments.
According to the press release, “This collaboration marks a unique use of Palantir’s Foundry software in the legal industry. By leveraging Foundry’s world-class security functionalities, low-code interfaces and auditing features, RegSpot will enable end users to access novel, software-driven solutions to complex legal and compliance processes. Clients will be able to quickly manage previously complex and time-intensive compliance obligations using automated data solutions, while also securely collaborating with Akin Gump in a single decision-making platform.”
The release adds, “The first RegSpot module that will be launched is an innovative tool built to support Akin Gump’s clients’ diligence efforts required to comply with U.S. government trade restrictions against certain transactions involving “military end use/users” in specified countries. This “MEU Tool, powered by Palantir,” streamlines the due diligence process of collecting, reviewing, and storing information using the unique advantages of the Palantir Foundry platform, while leveraging Akin Gump’s capabilities to assess and respond to the legal risks posed by particular transactions.”
