How APEM Transformed Legal into an AI-Powered Business Partner  

Creating a Single Source of Truth 

APEM uses Luminance’s AI-powered repository to centralize contracts across their seven global offices in North America, Europe and APAC. 

With the wider business relying on Legal to provide insights into their contractual landscape, Luminance enables the team to conduct complex searches across the repository within seconds, instantly surfacing risks or opportunities within contracts, pinpointing necessary information, and allowing the team to answer business questions quickly and efficiently.  

For instance, by identifying exposure to liquidated damages and confidentiality clauses, the legal team provides the rest of the business with the confidence that they can properly manage their risk. 

APEM is also utilizing Luminance’s Legal-Grade™ chatbot, Ask Lumi, to rapidly locate, query, and understand documents within the repository. The team can simply Ask Lumi questions in natural language such as, ‘how many contracts fall under the governing law of Luxembourg’ or ‘surface all contracts with unlimited liability’, and Luminance will return relevant results in seconds. 

Driving Value Business-Wide 

In a competitive landscape, Luminance is also enabling APEM’s legal team to proactively drive business growth. With Luminance’s ‘Alerts’ functionality, the AI automatically notifies the legal team of key periods within contracts such as commencement, breaks and expiration dates. This allows all teams to reduce revenue leakage and improve business proactivity. 

Expediting Contract Review and Approval 

As business enablers, APEM’s legal team is utilizing Luminance’s suite of AI-powered negotiation functionality to expedite the review of incoming contracts like MSAs and NDAs. With the AI instantly highlighting areas of risk, the legal team can focus their time and attention on the areas that matter most, ensuring the business is on the front foot during contract negotiations. 

Meanwhile, the team uses Luminance’s Workflow Editor to achieve smoother approval processes across the business. By setting clear parameters and reducing the back-and-forth over email, APEM is accelerating the time to signature for these routine contracts and maximising business productivity.