Latham & Watkins and Harvey co-develop a fund-formation product that Harvey will sell to other firms, with no revenue share for Latham

Scale: Financial terms not disclosed; no revenue share to Latham per Bloomberg Law.
Vendors: Harvey AI
Significance: High
Confidence: Confirmed

Why this matters

Latham & Watkins is building AI capability with partners, with Harvey AI in the stack. This is a high-significance signal for buyers benchmarking their panel.

Latham's Investment Funds Practice and Harvey's product and engineering teams will build an AI-enabled fund formation solution covering LPAs, side letters, subscription documents and comment memos. Latham's CIO describes it as a separate product within the Harvey suite combining agents, project management, document analysis and process automation. Latham is shaping a product its competitors will be able to buy, which is a different bet from keeping the tool proprietary.

"Our technology strategy is grounded in the work our lawyers do and the outcomes our clients expect. - Rene Mendoza, Chief Information Officer, Latham & Watkins"

Scale / Terms: Financial terms not disclosed; no revenue share to Latham per Bloomberg Law.
Significance: High
Source type: Firm Press Release

Vendors involved

Harvey AI

Design PartnerAmLaw 100

View primary source ↗

Latham & Watkins on Panorama

Full timeline of tracked moves, capability areas, vendors in use and their Legal AI Capability Index standing.

View firm profile →

Latham & Watkins and Harvey co-develop a fund-formation product that Harvey will sell to other firms, with no revenue share for Latham

Latham & Watkins on Panorama

More from Latham & Watkins

Elsewhere in the market