Shares in Insig AI PLC (AIM:INSG) leapt almost 10% higher to 29.6p after the provider of AI-led analytics and machine learning solutions won its first contract in the legal sector.
The contract is with an unnamed international law firm to deploy its Generative Intelligence Engine to reduce the current "significant" time spent manually reviewing client corporate reports.
Using the Insig AI platform "helps organisations apply their own expert thinking at scale", the company said, allowing "consistent, high-quality decisions" to be made across large datasets.
It said replacing the manual process with an automated solution that collects, processes, and compares documents using AI customised workflows generates results via a "secure, lawyer-friendly system portal" that "saves considerable time, reduces costs, and enhances client service by enabling faster, more accurate reviews".