Legal and compliance-focused AI company Norm Ai has expanded its partnership with asset manager Blackstone.
This expansion is happening as Norm is launching Norm Law, a tool that offers artificial intelligence (AI)-native legal services, focused initially on financial services clients, the company said in its announcement Thursday (Nov. 20).
For its part, Blackstone has invested an additional $50 million in Norm, via Blackstone Innovations Investments and funds affiliated with Blackstone Growth.
“To truly transform the delivery of legal services, lawyers and AI need to be fully integrated from the ground-up and from day-one,” John Nay, Norm’s founder and CEO, said in a news release.
“Norm Law is uniquely positioned at the intersection of AI and trusted expert attorneys. We believe this technology platform and people approach will revolutionize premium legal services, delivering more efficient and effective outcomes for the world’s most sophisticated institutions.”
According to the release, Blackstone, as well as global banks, hedge funds, insurance companies, and other asset managers, uses Norm Ai’s Legal & Compliance platform to streamline critical legal and compliance workflows.
Read full article: https://www.pymnts.com/artificial-intelligence-2/2025/legal-ai-firm-norm-ai-lands-50-million-blackstone-investment/
