Law firm Kennedys has announced an exclusive partnership in India to accelerate its investment in innovation. Cognitive Computing Services Private, which is based in Technopark, Trivandrum, Kerala, will be primarily focused on technologies such as rapid prototyping, application development, text analytics, machine learning and Blockchain. Cognitive Computing Services, a team of IT experts, is headed by CEO Tony Joseph, who has more than 15 years’ experience in technology businesses and will be working most closely with Kennedys’ recently appointed head of research and development, Karim Derrick.
Enabler
Richard West, head of Kennedys’ liability division, says: 'At Kennedys, we view technology as an enabler of change that will help benefit us, and most importantly our clients. This latest development with the Cognitive Computing Services partnership accelerates the development of innovations and our desire to reduce legal spend for clients. Enabling future technologies is an industry priority for the insurance sector.' He added that many insurers were directly investing in the growing number of InsurTech start-ups using technology to give customers a better experience.
Driving innovation
Tony Joseph, CEO of Cognitive Computing Services, added: 'Our team is very excited to be exclusively joining forces with the Kennedys’ R&D team in driving new innovation in the Lawtech and Insurtech sectors. We are sure that this agreement will help strengthen Kennedys’ existing client innovations and technologies.'
Other developments
In March, Kennedys announced the latest release of its virtual defence lawyer KLAiM: an online litigation management system that is designed to streamline, automate and help clients use lawyers less. KLAiM forms part of the Kennedys Toolkit, a suite of innovative products aimed at making the legal process more transparent and straightforward. Last week, the firm reported an eight per cent increase in turnover for the financial year 2016/17 of £149.9m, up from £138.8m, as well as a planned merger with Manchester-based commercial litigation specialists berg.
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