10.10.2024

Revolutionising legal services: Castrén & Snellman’s journey with AI integration

Tags

As technology continues to evolve in the legal landscape, we at Castrén & Snellman are committed to keeping pace with these advancements.

Our AI journey began as early as 2018 with the implementation of Luminance, a tool that has been instrumental in our document review processes. Ever since, we have expanded our toolkit to include tools based on generative artificial intelligence (GenAI), such as Microsoft Copilot and Leya. Over the past nine months, we have been actively integrating GenAI into our daily operations, marking a significant milestone in our digital transformation journey. AI tools are revolutionising the way we work, enhancing efficiency and improving the quality of our legal services.

AI integration through training and support

The legal industry is experiencing a profound transformation as AI and advanced technologies become integral to its operations. This evolution is not just about adopting new tools; it represents a fundamental mindset shift across the entire sector. Embracing this change requires a collective effort from all law firms. Therefore, it is crucial that law firms approach this transformation with seriousness and enthusiasm. If everyone participates in this shift, we can ensure that the benefits of these technologies are fully realised, leading to enhanced efficiency, accuracy and service quality for the whole industry.

As of today, we at Castrén & Snellman have explored over 50 AI tools, implemented various, and are piloting others. The AI tools we have adopted have significantly streamlined our processes and reduced the time spent on manual tasks, freeing up space for the expert work that brings true value to our clients. They assist in different aspects of our work, from document review, drafting and information retrieval to contract management. This ongoing AI integration is part of a broader digital transformation that aims to enhance efficiency and improve the quality of our legal services, while shaping the way lawyers work and what they should focus on in the future.

We recognise the critical role of our dedicated Legal Tech team in this process. This team is essential for identifying suitable AI tools, overseeing their implementation, and ensuring seamless integration into daily operations. The team collaborates closely with various departments to tailor AI solutions to specific workflows, maximising their impact.

We are committed to building AI competence among our legal experts through training and encouraging experimentation. This involves not only understanding the current capabilities of AI but also exploring new use cases that can add value to our services. Our Legal Tech team supports both entire teams and individual team members within the firm, and sharing best practices and insights across lawyers and teams is crucial for our success.

Our enthusiasm and ethics

We believe that AI can bring about a significant transformation in the legal industry, and we are committed to being at the forefront of this change. Our firm is not just integrating AI; we are enthusiastic and open about its potential. Our approach is long-term and involves continuous learning and adaptation. We regularly update our AI strategy and ethical guidelines to keep pace with the rapid advancements in generative AI technologies.

While we are excited about the potential of AI, we also recognise the importance of using it responsibly. Our AI strategy includes guidelines on ethical AI use, ensuring that we maintain the highest standards of confidentiality, independence and client trust. We are transparent about how we use AI and are committed to educating our clients about its benefits and limitations through AI focused workshops and consulting. 

Looking ahead

The legal sector has seen historic technology investments over the past year. For instance, in July 2024, the AI software HarveyAI raised USD 100 million in a funding. Such significant investments indicate the immense development and profit potential seen in these products. Major international law firms and global Big4 firms have also heavily invested in acquiring and further developing these technologies.

As we continue to integrate AI into our operations and expertise, we are also looking ahead to future developments. We are prepared to adapt to new AI technologies and regulatory changes, ensuring that we remain at the cutting edge of the legal industry. Therefore, we are committed to staying at the forefront of AI advancements and ensuring that our teams are well-equipped to leverage these technologies effectively, responsibly and transparently, continuing to maintain the highest standards of quality, client trust and confidentiality. By embracing AI, we are not only improving our current operations but also positioning ourselves for future success in an increasingly digital world.

Latest references

We successfully represented a panel of reinsurance companies in an international ad hoc arbitration. The dispute arose out of a reinsurance treaty under the terms of which the reinsurers had reinsured a portfolio of risks underwritten by the cedent. The parties disagreed as to whether the reinsurance provided coverage for a certain loss that had occurred because of the market turmoil caused by the Covid-19 pandemic. The case involved highly complex legal and contractual questions requiring special expertise on reinsurance law and practice. The arbitral tribunal rejected the counterparty’s claims for reinsurance compensation against our clients in full. The amount in dispute was approximately EUR 34 million.
Case published 16.9.2025
We supported byFounders.vc as the Finnish counsel in their investment in DataCrunch Oy in a USD 64 million Series A funding round. DataCrunch provides scalable AI compute solutions from energy-efficient data centers in Iceland and Finland. byFounders.vc is the community-powered early-stage venture fund investing in globally ambitious teams connected to the Nordic and Baltic countries.
Case published 11.9.2025
We advised Springvest Oyj in organising a EUR 45 million Series A funding round for ReOrbit, a space technology company and a leading provider of software-first satellites. It’s the largest all-equity Series A round in Finland and one of the most significant deals overall in the European space and defence sector. The purpose of the funding round is to support ReOrbit’s growth. The round consisted of a private placement reserved for professional and institutional investors, which included, e.g. Icebreaker.vc, Expansion VC, 10xFounders, Inventure VC, Varma Mutual Pension Insurance Company, and Elo Mutual Pension Insurance Company, and an EUR 8 million public share offering, which was oversubscribed within 4.5 hours. Springvest is a Finland-based investment firm that connects unlisted growth companies with investors. ReOrbit builds sovereign satellites and connected systems for national security.
Case published 9.9.2025
Castrén & Snellman advised the lead investors Ten Eleven Ventures and Tesi in the EUR 275 million Series B financing round of IQM Quantum Computers, the global leader in building quantum computers. The round is largest Series B round ever in Finland and the second largest in the Nordics. In addition to the lead investors represented by C&S, the round was participated by several new and existing investors, including pension funds Elo Mutual Pension Insurance and Varma Mutual Pension Insurance, strategic investors Companies of Schwarz Group and Winbond Electronics Corporation, and sovereign wealth funds EIC and Bayern Kapital. Ten Eleven Ventures is the original cybersecurity-focused, global, and stage-agnostic investment firm. The firm identifies, invests in, and helps grow top cybersecurity companies addressing critical digital security needs, leveraging its team, network, and experience to build successful businesses. Since its founding, Ten Eleven Ventures has raised over USD 1 billion and made over 60 cybersecurity investments across various stages worldwide. Tesi (Suomen Teollisuussijoitus Oy / Finnish Industry Investment Ltd) is a state-owned investment company with an industrial policy mission focused on driving economic growth, renewal, and investments. Tesi invests on market terms both in venture capital and private equity funds, and directly in startups, scale-ups, and large industrial projects. IQM Quantum Computers, founded as a deep tech spin-off from Aalto University in 2019, specialises in developing quantum computers utilizing superconducting circuits. The company designs and produces quantum processors at its facility in Espoo, providing computing solutions and optimizations tailored to both research and industrial applications. In addition to its Finnish operations, IQM has expanded its presence to Germany, France, Italy, Japan, Poland, Spain, Singapore, South Korea, and the United States.
Case published 4.9.2025