Comunicati Stampa
Information Technology

In-house legal teams gain regulatory foresight with LEGALFLY's new "Legal Radar" AI agent

Why it matters Why it matters Each year, European regulators issue thousands of fines for regulatory non-compliance, with more than2,200 fines totalling over €5.6 billionunder GDPR alone since 2018. Under new frameworks such as the EU AI Act, penalties for serious breaches can reach€35 million or 7% of global turnover. At the same time, many legal teams are operating lean, balancing contracting, compliance, data, and operational priorities while regulation becomes...
LONDON, (informazione.news - comunicati stampa - information technology)

Each year, European regulators issue thousands of fines for regulatory non-compliance, with more than under GDPR alone since 2018. Under new frameworks such as the EU AI Act, penalties for serious breaches can reach or 7% of global turnover.

At the same time, many legal teams are operating lean, balancing contracting, compliance, data, and operational priorities while regulation becomes increasingly localised and fast-moving. Historically, in-house teams have relied on fragmented alerts and manual research, a reactive model that makes it difficult to anticipate change.

changes that dynamic, enabling legal and compliance professionals to move from reaction to foresight, identifying what's coming, understanding its implications, and preparing their organisations before new rules take effect. At launch, Legal Radar is integrated with over 50 official sources across 10 jurisdictions and will expand further.

One of the first companies to test the new AI agent is leading Luxembourg Wealth Insurance company, Wealins, part of the Foyer Group. Luc Rasschaert , CEO of Wealins, commented: "The first feedback from our internal legal and regulatory team is very promising. We are only at the beginning, yet we already see the quality and accuracy of Legal Radar in detecting relevant insurance and fiscal regulatory changes. With Legal Radar, our in-house teams are empowered to identify and respond to new regulations much faster. We estimate that around  and reallocated to higher-value legal and regulatory work."

These developments position LEGALFLY as the go-to partner for legal teams that must operate at speed across borders.

LEGALFLY is the leading agentic AI workspace for in-house legal, procurement and compliance teams. It is the only Legal AI platform to anonymise all sensitive data before processing begins, ensuring that confidential information is protected at all times. Some of the largest enterprises across Europe use LEGALFLY to streamline contract reviews, drafting, and compliance workflows, saving time and money.

Founded in Belgium in 2023, LEGALFLY's mission is to empower legal professionals to deliver more value with AI, safely and responsibly. The company has raised over €17Mfrom top investors including Notion Capital, redalpine and Fortino capital.

For more information or to arrange a demo of Legal Radar, visit .

Photo: https://mma.prnewswire.com/media/2796943/LEGALFLY.jpg
Logo: https://mma.prnewswire.com/media/2796942/LEGALFLY_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/in-house-legal-teams-gain-regulatory-foresight-with-legalflys-new-legal-radar-ai-agent-302585100.html

Ufficio Stampa
 PR Newswire (Leggi tutti i comunicati)
209 - 215 Blackfriars Road
LONDON United Kingdom
Allegati
Non disponibili