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 as a variety of global enterprises that own, occupy, or advise on real estate, such as PwC, Zurich, E.ON, Marks & Spencer, and Tesla.Underwritten AIAfter extensive due diligence and testing over many months, First Title will underwrite Orbital Witness' Generative AI product output. This means that in the event of an error resulting in a compensation claim, First Title's insurance policy would kick in.First Title will initially underwrite AI Reliance policies for law firm customers of Orbital Witness's residential property product, Orbital Residential, without requiring the law firm to claim on its professional indemnity insurance.The quality, accuracy and robustness of Orbital Witness's AI technology, backed by First Title, will enable law firms to take full advantage of Generative AI for tasks that are typically repetitive and time-consuming, reducing human error and costs while increasing efficiencies. Under the terms of the partnership, First Title will provide a significant level of insurance coverage that matches the level of professional indemnity insurance the law firms are required to carry under regulation.Against a broader backdrop of growing regulatory interest in AI, the move also sets a precedent to show how AI products that carry insurance can help firms demonstrate the standards expected by industry regulators.According to Ed Boulle, Co-Founder and Chief Strategy Officer of Orbital Witness:"Law is a highly regulated sector. Law firms are ultimately responsible for the services they provide to their clients. When adopting any new technology, firms must be able to satisfy the regulator (and their own insurers) that new technology is safe to use and won't create additional risks to their clients. Generative AI is no different from other technologies in this respect."However most firms simply don't have the necessary expertise in-house to deeply evaluate and continuously monitor generative AI products

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 as a variety of global enterprises that own, occupy, or advise on real estate, such as PwC, Zurich, E.ON, Marks & Spencer, and Tesla.Underwritten AIAfter extensive due diligence and testing over many months, First Title will underwrite Orbital Witness' Generative AI product output. This means that in the event of an error resulting in a compensation claim, First Title's insurance policy would kick in.First Title will initially underwrite AI Reliance policies for law firm customers of Orbital Witness's residential property product, Orbital Residential, without requiring the law firm to claim on its professional indemnity insurance.The quality, accuracy and robustness of Orbital Witness's AI technology, backed by First Title, will enable law firms to take full advantage of Generative AI for tasks that are typically repetitive and time-consuming, reducing human error and costs while increasing efficiencies. Under the terms of the partnership, First Title will provide a significant level of insurance coverage that matches the level of professional indemnity insurance the law firms are required to carry under regulation.Against a broader backdrop of growing regulatory interest in AI, the move also sets a precedent to show how AI products that carry insurance can help firms demonstrate the standards expected by industry regulators.According to Ed Boulle, Co-Founder and Chief Strategy Officer of Orbital Witness:"Law is a highly regulated sector. Law firms are ultimately responsible for the services they provide to their clients. When adopting any new technology, firms must be able to satisfy the regulator (and their own insurers) that new technology is safe to use and won't create additional risks to their clients. Generative AI is no different from other technologies in this respect."However most firms simply don't have the necessary expertise in-house to deeply evaluate and continuously monitor generative AI products

Bryan Cave Leighton Paisner (BCLP) has partnered with proptech and legaltech startup Orbital Witness to test, develop and deploy its generative AI solution Orbital Copilot across BCLP’s U.K. and U.S. real estate practices.Orbital Copilot is a real estate-sector-specific AI assistant capable of analysing and reporting on real estate documents. BLCP plans to use it for reporting on complex commercial leases, providing accelerated insights to their clients.Samant Narula, BCLP’s U.K. head of real estate, said: “BCLP was an early adopter of Orbital Witness’ products, and we are thrilled to collaborate with the company on an AI solution that will provide marked benefits to our clients by accelerating lease reporting and enhancing real estate due diligence. We’re also excited to see so many of our lawyers deeply engaged in the development of leading-edge technology and experiencing the potential of generative AI firsthand.”Through a series of workshops and user experience sessions, BCLP lawyers in the U.K