Swiss firm Kellerhals Carrard adopts Luminance for M&A due diligence 4 March 2019 | London
4 March 2019 – Kellerhals Carrard, ‘M&A Law Firm of the Year’ in Switzerland, has become the first Swiss law firm to adopt Luminance’s artificial intelligence to enhance its due diligence processes for M&A transactions.
The firm conducted a trial of the technology, using Luminance to organise and analyse 700 multi-lingual documents within the data room. As Luminance is always learning, Kellerhals Carrard’s legal team were able to easily tag new clauses and concepts in English, French, German and Italian, with these learnings remaining in the system for future projects.
“At Kellerhals Carrard, we are committed to finding and embracing innovative technologies that enhance the quality of our legal services,” said Edgar Philippin, Partner at Kellerhals Carrard and Professor of Law at the University of Lausanne. “Luminance allowed the deal team to conduct a quicker, more focused review within hours of installing the system, meaning the technology will not replace the work of our lawyers, but help them during time-pressured, multi-lingual M&A deals.”
“Expanding into another European country demonstrates the power of Luminance’s machine learning and its ability to deliver value in any language,” added Emily Foges, CEO of Luminance. “We’re pleased to welcome an innovative and forward-thinking firm such as Kellerhals Carrard.”
Luminance harnesses the latest advances in machine learning and pattern recognition technology, developed at the University of Cambridge, to improve the efficiency of processes such as due diligence, compliance reviews, e-discovery and contract management. The platform ensures that the lawyer remains at the heart of every process, making substantial time-savings from day one, whilst ensuring legal teams have more control and confidence than ever before.
Luminance has over 130 customers across six continents since launching in September 2016, including 14 of the Global 100 law firms and three of the ‘Big Four’ accountancy firms. The company has offices in London, Cambridge, Chicago, Singapore and New York.
About Kellerhals Carrard
With a history dating back to 1885, Kellerhals Carrard is a Swiss full service law firm with offices in Basel, Bern, Lausanne, Lugano, Sion and Zurich, and a representation office in Shanghai. On January 1st, 2019, an expansion to Geneva (and to Tokyo with a representation office) made Kellerhals Carrard the second largest firm in Switzerland, with a total staff of 285, among which 195 professionals (comprised of partners, salaried lawyers, legal experts, tax advisers and notaries). Kellerhals Carrard is particularly noted for the work of its Corporate/M&A, Financial Services/Capital Markets, Regulatory (including Insurance and Competition Law), IP/IT, Real Estate, Litigation/Arbitration and Sports Law practices.
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