Australian law firm, Hamilton Locke, has chosen to deploy Luminance’s machine learning technology in its Sydney office. The adoption of the Luminance platform was part of the firm’s strategy to deliver the best solutions and legal advice to their clients, and marks the AI company’s ninth customer in the country, as the Australian legal market continues to drive adoption of technology.
Hamilton Locke, as a proponent of cutting-edge legal technology, chose to incorporate Luminance into its daily processes following a live due diligence review containing over 1,000 documents, including commercial contracts, employee agreements and financial statements. The team were most impressed with the technology’s ability to automatically identify and cluster clauses, allowing the firm’s lawyers to immediately focus the review from day one.
“Luminance’s sophisticated yet easy-to-use technology has truly strengthened the firm’s due diligence offering”, said Gordon McCann, Partner at Hamilton Locke who spearheaded the firm’s use of Luminance. “There is a lot of room for human error if you are manually reviewing documents, but Luminance’s unique anomaly detection functionality flags any potential issues, meaning we can be sure all risk areas have been considered. From my perspective, it was very pleasing to know that our clients were the ultimate beneficiaries of this platform as it became clear very early in the pilot that the scope and accuracy of our due diligence was greatly enhanced.”
“The Australian legal market has proven itself to be a key driver of innovation and we are pleased to welcome Hamilton Locke to the growing number of Australian law firms adopting our technology to streamline due diligence,” added Emily Foges, CEO of Luminance.
Luminance’s market-leading artificial intelligence reads and understands documents much like the human brain, at speeds and in volumes which humans could never achieve, providing greater insight into every review. The company’s 150 customers include 15 of The Global Top 100 law firms and three of the ‘Big Four’ accountancy firms.
About Hamilton Locke:
Hamilton Locke is a law firm specialising in complex corporate finance transactions, including mergers and acquisitions, private equity, distressed investing and special situations, capital markets and alternative financing. Hamilton Locke was founded last year by Nick Humphrey and senior partner and co-founder Hal Lloyd. They act for a number of high-profile clients including Macquarie Bank, Alceon, Moelis Australia, Resimac, CHAMP Ventures, Mercury Capital and Quadrant Private Equity.
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