HSBC Chooses Harvey as Its Legal AI Platform
HSBC, the world’s largest trade bank, has chosen Harvey as part of its broader commitment to an AI-enabled operating model. On the decision, HSBC’s Chief Legal Officer Bob Hoyt said, “Our core purpose as a legal organisation is to lead our stakeholders through a complex and dynamic legal and regulatory environment. How we get there will be predicated on our ability to be AI-fluent and to adopt tools that help our team be more effective and efficient while delivering great results. Rolling out Harvey helps us deliver on that vision.”
HSBC’s legal AI adoption benefits its customers across more than 57 countries in a few key ways. By automating routine drafting and research tasks and standardising key playbook-driven processes, customers can expect faster results and improved consistency. Moreover, because Harvey has embedded security into its platform and delivery model, HSBC customers benefit from innovation delivered with trust and assurance. Finally, for the legal team, less time on repetitive tasks means more time for high-level strategic work, which benefits both HSBC customers and the team more broadly.
On the announcement, Harvey’s Chief Executive Officer Winston Weinberg said, “From our very first conversation with Bob and his team, it was clear the HSBC legal organisation is on the leading edge of how global organisations in highly regulated industries can adopt AI responsibly. HSBC has a customer-centric mindset and a clear plan to develop workflows and playbooks that allow them to deliver exceptional results and make their legal team a truly AI-forward organisation.”
The Harvey rollout at HSBC begins in January, with regional kick-offs planned in key global markets, and will include a team-wide initiative focused on AI fluency and adoption.
About Harvey
Harvey is a domain-specific AI for legal and professional services. Adopted by Fortune 500 companies such as AT&T, Verizon, Cox, Koch, KKR and Bridgewater, Harvey is used by more than 74,000 lawyers across 700 organisations in 58 countries, and 50% of AmLaw 100 law firms rely on Harvey to advance legal expertise faster across contract analysis, due diligence, compliance, and litigation.
