It’s been one year since Luminance was selected as a ‘Technology Pioneer’ in the World Economic Forum’s annual cohort of industry-leading technology companies shaping business and society. Within the year, not only has Luminance’s customer base increased by 60%, but the industry-leading AI platform has also made significant headway in developing, enhancing and refining its Diligence and Discovery products. Look no further to find more about the tech advancements set to disrupt the legal sphere in 2020 and beyond:
Luminance Diligence ‘Work-in-Word’ functionality
To kick off, last month Luminance became the first legal tech platform to bring the power of machine learning to Microsoft Word, with the release of its cutting-edge ‘Work-in-Word’ tool. Whilst previously, the process of document review and remediation was incredibly labour and resource-intensive with lawyers having to manually transfer edits across into Word files, Luminance’s new Work-in-Word feature allows lawyers to use the insight provided by Luminance’s machine learning to directly edit and modify documents from within Luminance. “By allowing lawyers to instantly edit and correct any discrepancies found by Luminance, this Work in Word tool will expedite the process of document review and risks will be minimised,” adds Steve Cooke, Senior Partner at ‘Magic Circle’ law firm Slaughter and May.
Luminance Diligence 4.2: Automatic Document and Clause Compliance Technology
In a fast-moving and unpredictable legal landscape, it is critical that firms are able to ensure compliance with their requirements, whether that be enforcing a firm’s internal legal policies and procedures or adhering to external regulatory provisions such as the GDPR (General Data Protection Regulation).
As a result, this year Luminance has made some substantial enhancements to its Diligence platform, including tools for model document and clause comparison and advanced clause analysis. Now users can easily select a ‘model’ against which all other documents are compared. Luminance is then able to identify which clauses or documents are anomalous against the chosen model in terms of their wording, no matter how minor. By uncovering critical risk in this way, legal teams are instilled with the utmost confidence that no risk or obligation goes unnoticed.
Luminance Discovery 5.0: Introduction of Deep Coding
Earlier this year, Luminance launched an upgraded version of its Luminance Discovery software. This release was driven by enhanced applications of Luminance’s machine learning.
Luminance actually forms an understanding of documents at a conceptual level, allowing lawyers to view conceptually similar documents during ECA with just one click, revolutionising the manner that lawyers search for documents during their investigations.
Luminance also introduced Deep Coding which transforms the field of Technology Assisted Review for eDiscovery. Here, Luminance applies supervised machine learning to observe the reviewers’ coding behaviour, forming an understanding of why documents are marked as relevant or irrelevant. With just one click, users can expedite the review by choosing to extend this understanding across the dataset. Alternatively, litigators can use this tool to audit the coding behaviour of reviewers, seeing whether Luminance flags any disagreement with the coding of any documents, ensuring no important documents have been mis-coded and allowing for a tighter, more efficient review.
Further, Luminance’s Deep Coding provides a dataset overview in the form of a heatmap, clustering documents in conceptually similar groups or ‘tiles’, then visually indicating review progress in each conceptually similar area. This empowers litigators to ensure that they have reviewed the types and areas of documents evenly, and can distribute resource to their review accordingly.
Leading language-agnostic tool: in use in over 80 languages
In a data-driven, global marketplace, many organisations are conducting legal analysis across multiple offices, regions, languages and jurisdictions. With a client base spanning across 50 countries, over the past year Luminance has continued to develop its machine learning capabilities, creating Pre Set Clause Models so that the platform can not only be used on any document set, irrespective of language, jurisdiction or form, but that documents in these language are automatically tagged with concepts and datapoints as well. Most recently, Luminance’s machine learning has become available for Hebrew, Russian, Mandarin and Korean documents.
Synchronisation with VDRs
It is pivotal that Luminance’s customers are able to quickly and easily upload and transfer documents to the Luminance platform, ensuring a smooth review process from start to finish. That is why since June 2019, Luminance has added to its growing list of VDR (virtual data room) synchronisations, most recently integrating with Sydney-based AI-powered virtual data room, Ansarada. Indeed, by allowing its customers to automatically synchronise documents from VDRs like High Q, Intralinks, Box, DropBox, Sterling and now, Ansarada, users are able to further streamline their contract review processes, ramp up efficiency and ensure no document is missed during document upload and analysis by maintaining synchronisation throughout the review.
Luminance: driving the change
Over the last half-century, we have seen revolutions in processing power, data storage and internet connectivity. We are now living in the midst of the next great technological change: that of machine learning. Machine learning technologies like Luminance are advancing technologies such as AI and machine learning to transform sectors like automative, banking, industrial, healthcare and of course, legal. Luminance is the leader in the prestigious field of law with a cutting-edge solution that is empowering lawyers from over 240 law firms and organisations conduct their legal reviews with unparalleled speed, insight and confidence.
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