jp morgan software does in seconds what lawyer takes 360,000 hours

JPMorgan Software Reviews Contracts in Seconds Which Normally Takes Their Lawyers 360,000 Hours Henry Joseph-Grant March 1, 2017 Artificial Intelligence Business Cutting Edge Tech News JPMorgan Chase

& Co are using machine learning to review financial deals in seconds, that usually keep their legal teams busy for thousands of hours.

Full Answer

How much does JP Morgan spend on technology?

$12 billion per yearJPMorgan Chase invests $12 billion per year on technology. Here's why. There are two kinds of corporations emerging from today's technology revolution: the disrupted and the disruptor.

Does JP Morgan have a legal department?

Our Legal department is involved in every aspect of our business.

How much does JP Morgan make a year?

JPMorgan Chase annual revenue for 2021 was $127.202B, a 2.09% decline from 2020. JPMorgan Chase annual revenue for 2020 was $129.911B, a 8.84% decline from 2019. JPMorgan Chase annual revenue for 2019 was $142.515B, a 9.78% increase from 2018.

Who are JP Morgan's biggest clients?

Key TakeawaysJPMorgan provides financial services to consumers, small businesses, large corporations, governments, and other clients.Its Consumer & Community Banking segment is the largest source of revenue.The Corporate & Investment Bank segment is the largest source of net income.More items...•

How many lawyers work at JPMorgan?

Earlier this month, the country's largest bank, JPMorgan & Chase, with around 1,200 lawyers, announced a changing of the guard at the top of its legal department.

Who is the general counsel of JP Morgan?

Stacey FriedmanStacey Friedman is Executive Vice President and General Counsel for JPMorgan Chase & Co., and a member of the firm's Operating Committee.

How much does a VP at JPMorgan make?

J.P. Morgan Salary FAQs The average salary for a Vice President is $166,656 per year in United States, which is 12% higher than the average J.P. Morgan salary of $147,529 per year for this job.

Who owns JPMorgan?

JPMorgan ChaseJ.P. Morgan Equity Holdings, Inc.Chase Bank/Parent organizations

What RANK is JPMorgan?

RANK43. As COVID-19 began its global spread, CEO Jamie Dimon publicly worried there would be another great financial crisis. But despite the financial challenges faced by many Americans, the nation's largest bank remained largely unfazed.

Why should I work for J.P. Morgan?

Joining J.P. Morgan means being part of a global community of industry-leading experts. We work hard to create an open, inclusive and collaborative environment that values and rewards our employees and their contributions. From day one, we'll help prepare you for great success and a long-term career with our firm.

What makes J.P. Morgan special?

They are the swiss army knife of banks. They have some of the best mobile banking and finance technology. They're one of the most trusted and elite investment banks. Plus their commercial banks lead the way in major cities and are a favorite among consumers.

What services do J.P. Morgan offer?

We are a leader in investment banking, financial services for consumers and small business, commercial banking, financial transactions processing and asset management.