How ProSapient Uses Legal-Grade™ AI to Optimize Resource

Automatic Review of Incoming Contracts  

ProSapient uses Luminance to take an automatic first-pass review of incoming contracts, instantly providing a color-coded risk analysis of which clauses are acceptable, non-standard and risk, according to proSapient’s internal standards. Where terms do not meet these standards, Luminance provides alternative, acceptable wording based on internal precedent, insertable with just one click from within Microsoft Word.    

Luminance’s sophisticated memory capabilities mean the AI learns from the GC’s expertise and interactions, meaning junior counsel can access essential legal knowledge and ensure better adherence to both internal standards and external regulations. By automating the review of highly repetitive, standardized contracts, such as NDAs and MSAs, the legal team has reduced bottlenecks and time to signature.  

“Luminance’s drafting tool lowers the time and cost of training new legal team members on negotiating contracts and significantly reduces the time required to maintain a contract playbook and the risk of error.” 

Granular Insight into Executed Contracts 

With all contracts stored in Luminance’s AI-powered repository, the proSapient team has insight into key information from across their contractual landscape, such as clauses, document types, currencies, governing laws and anomalies. This granular analysis provides functions across the business with actionable insight, helping to maximize value by… 

• Surfacing new revenue opportunities: Luminance can identify upcoming contract expiry dates in seconds to alert the Sales team of renewal opportunities 

• Collaborating across functions: the Finance department is automatically notified of new clients, meaning they can easily view payment and reporting terms within Luminance  

• Accelerating time to new revenue: Luminance’s search and filtering capabilities allow the team to categorize contracts by deal value and focus attention on those with the largest commercial impact  

Automating the Routine at Every Stage  

Prior to using Luminance, keeping track of workflow allocation and contract flow had proved a huge drain on resource for proSapient’s lean legal team. A paralegal was relied upon to conduct the administrative tasks associated with legal workflows and the amount of manual input in the contract allocation process carried significant risk of human error. Luminance’s easy-to-use Workflow Editor now automates this process, ensuring that incoming contracts are instantly routed to the correct member of the team. 

Further, with Luminance automating routine work across the entire contract lifecycle, proSapient has saved the equivalent cost of hiring a new paralegal (£27-35k pa). Having experienced invaluable time and cost-savings from day one, Luminance’s AI has become a critical component of proSapient’s lean team, allowing them to earn back 20% of their time every day. 

“Luminance offers the ability to automate the daily administrative tasks faced by many legal teams and carried out by paralegals. If this automates 20% of a single paralegal’s time, that’s a 20% annual ROI for proSapient.”