Legal Tech Veteran Assembles Powerhouse Engineering Team to
Tackle Critical Pain Point
NEW
YORK, May 1, 2024 /PRNewswire/ -- Coheso, the
AI-powered legal intake and work management software platform for
in-house legal teams, has announced its emergence from stealth.
Co-founders Ned Gannon, Manish Agnihotri, Chirag
Mehta, and Aditya Rathod have spent the last year
implementing the latest advancements in generative artificial
intelligence to empower legal and compliance teams with
cutting-edge software to accelerate business objectives while
reducing risks and costs.
While engineering, sales, and other corporate departments have
benefitted from a plethora of modern software tools to enhance
productivity, legal operations teams have been forced to either
customize generic tools or build their own internal systems. Simple
yet crucial legal workflows related to intake, work management, and
work product generation have lagged in innovation relative to other
important enterprise-wide functions. This is at a time when 54% of
legal department spending is staying in-house, which is up from 40%
a decade ago.
Coheso empowers legal and compliance teams to run more
streamlined operations, including 25%-70% faster attorney
responses, with heightened productivity and data visibility. This
results in happier sales, procurement, and other business teams,
more consistent adherence to legal and compliance standards
throughout the organization, and attorneys who are no longer bogged
down by requests that are routine, repetitive, or more appropriate
for another department.
The Coheso platform enables business users to submit questions
and requests to legal and compliance teams either through the
Coheso interface or other platforms already in use at the
organization, such as Slack and Outlook. For questions that can be
answered based on the company's policies, contracts, or other
documentation, the system's AI provides immediate responses,
together with evidence from the respective documents, either
directly back to the business users or to legal / compliance
personnel for review and approval. For more complex requests, the
system gathers the required information before prioritizing,
delegating, and tracking accordingly, while also accelerating legal
work product generation.
The Coheso team brings together deep experience in the legal
domain, AI, and entrepreneurship, including taking just an idea and
turning it into a product used by many of the world's largest
corporate legal departments, law firms, and audit/consulting
firms.
Gannon, Cohesoʼs CEO, is a successful serial legal tech
entrepreneur, corporate attorney, and Harvard Law graduate. He previously co-founded
AI-powered contract analytics pioneer eBrevia and served as CEO
from inception through its acquisition by public company DFIN in
2018. Post-acquisition, he was President of DFINʼs eBrevia
subsidiary before leaving to start Coheso.
Co-founders Agnihotri, Mehta, and Rathod bring a wealth of
experience as data scientists and machine learning engineers. They
hold master's degrees in artificial intelligence from Carnegie Mellon, one of the top universities in the
world for AI. Agnihotri, Coheso's COO & Chief Innovation
Officer, has a background in fine-tuning, evaluation, and
explainability of LLMs within the legal domain. Previously, he
worked as an ML Engineer, developing Zycus's CLM offering. Mehta,
Coheso's Chief Product Officer, led the charge for the Advanced
Analytics team at HP's Global Customer Support division, enhancing
service delivery for over 30 million customer interactions
annually. Rathod, Coheso's Chief Technology Officer, spearheaded
the development of legal tech solutions for contract drafting and
review at ValueLabs. With a focus on domain-specific training and
evaluation, Rathod specializes in optimizing LLM performance within
the legal domain.
Rounding out Cohesoʼs leadership team is Jason Schachter, Chief Strategy Officer. A
Harvard Law graduate, he was
previously VP, Strategy & Operations at eBrevia and an attorney
at Davis Polk & Wardwell.
"I've seen the challenge we're focused on from both the legal
and business sides," said Gannon. "As an attorney, I often
felt pressure to generate work product more quickly while
constantly getting distracted by routine and repetitive requests.
As someone in charge of a P&L on the business side, I saw how
friction in legal could impact business velocity and revenue.
Cohesoʼs platform empowers legal and compliance departments to
create significantly more value for the business units they
serve."
Investors in Coheso include the venture capital firms Crew
Capital, Character, and Firsthand Alliance, as well as Carnegie Mellon University and angel investors such
as Thomas Barothy, former Group
Legal Chief Operating Officer at UBS.
Coheso will be demoing the platform at the CLOC Global Institute
conference on May 6-9 in Las Vegas and at the Legal Innovators
California conference on June 4-5 in
San Francisco.
Demos are also available upon request through the company's
website www.coheso.ai.
About Coheso
Coheso is a cutting-edge end-to-end operations platform for
in-house legal and compliance teams. Powered by AI, Coheso combines
centralized intake, including automated responses to routine
questions, with an efficient workflow for complex cross-functional
tasks. Headquartered in New York,
the company is backed by leading venture capital firms including
Crew Capital, Character, and Firsthand Alliance as well as
Carnegie Mellon University.
Contact: Manish Agnihotri,
manish@coheso.ai, 412-954-8113
View original content to download
multimedia:https://www.prnewswire.com/news-releases/coheso-launches-ai-driven-platform-to-transform-in-house-legal-department-intake-and-work-management-302132180.html
SOURCE Coheso, Inc.