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Feb 22, 2018

LEVERTON’s AI accelerates real estate purchase of Machtlfinger Höfe

LEVERTON, the market leading AI powered data extraction and document management company announced that Freshfields Bruckhaus Deringer LLP, a tradition-steeped global law firm, has leveraged its deep learning technology for an accelerated real estate transaction.

Freshfields Bruckhaus Deringer’s client Conren Land AG, a leading investment company with focus on office properties, purchased the office building ‘Machtlfinger Höfe’ located in Munich, built in 2003. It is comprised of approximately 21,500 sqm of leasable space and includes more than 300 parking lots. This transaction is the most recent project from Freshfields Bruckhaus Deringer LLP and LEVERTON, that followed the success of several meaningful projects that both companies realized since signing a framework agreement in 2016.

By leveraging the LEVERTON platform, Freshfields Bruckhaus Deringer LLP further expedited and augmented the efficiency of the legal due diligence for their client. The software simplifies the time-consuming and resource intensive due diligence task through the automated extraction of relevant key data points such as rent charges, break options or overhaul clauses. LEVERTON also provides a traceable audit between a structured data output and underlying documentation.  Furthermore, Freshfields Bruckhaus Deringer LLP was able to improve its offering by making use of the LEVERTON Platform in order to identify missing documents and discrepancies in the rent roll compared to the documentation provided in the data room.

LEVERTON develops and applies disruptive deep learning technologies to extract, structure and manage data from corporate documents in more than 20 languages. Its platform empowers corporations and investment firms to be more efficient and effective with their data & document management. It facilitates quick and data-driven decision-making by creating actionable, valuable insights out of unstructured data. More than 100 global industry leaders trust LEVERTON to build their CORE of structured data. The intelligent platform runs on LEVERTON servers in ISO 27001 and ISO 9001 certified data centers which guarantee highest security.

About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world’s leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,500 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.

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