Jones Lang LaSalle signs global agreement with Leverton
JLL announced a global co-operation agreement with Leverton. This formalises the relationship between the two companies and enables more effective management of lease documents through the roll out of Leverton's machine learning technology. JLL, the leading global financial and professional services firm specialising in real estate, and Leverton, the leading global deep and machine learning company, had an existing relationship to automate and digitise key administrative processes in lease management. As part of the newly signed agreement, Leverton's automated lease abstraction software will be deployed for JLL's clients in North America, Continental Europe and Asia Pacific. Leverton's machine and deep learning technology enables the identification, extraction and management of key terms and data from corporate documents, such as leases and contracts, in more than 20 languages. JLL will integrate these systems into its own global technology platforms to transform the way lease documents are reviewed, analysed and managed for its clients. JLL clients will benefit from optimised data management, more efficient processing of documentation, reduced operational risk and a more robust audit trail.