20 January 2020 - Luminance, the flagship AI company borne out of Cambridge University, is a finalist in the ‘Legal Supplier Innovation’ category at this year’s prestigious LexisNexis Legal Awards. The shortlisting of the fast-growth scale-up is an endorsement of Luminance’s success in empowering lawyers to be the best possible advisors to their clients.
Luminance’s CEO, Emily Foges, commented: “We are thrilled to be shortlisted for the ‘Legal Supplier Innovation’ Award. Lawyers are facing a lot of challenges today - whether it be a lack of resources, or even cost, time and manpower constraints. By accelerating the review process, adopting our technology allows lawyers to cut out the drudge work and focus their time on higher-value, meaningful tasks. As well as promoting greater transparency in the legal process, this paves the way for more innovative working practices such as value-based pricing models and agile working.”
Luminance’s shortlisting for the ‘Legal Supplier Innovation’ Award establishes the platform not only as a solution that is bringing true machine learning to the legal profession, but also as a tool which is adding real, competitive value to lawyers’ work across 46 countries.
Luminance is the leading artificial intelligence platform for the legal profession. Founded by mathematicians from the University of Cambridge, Luminance has developed the Legal Inference Transformation Engine (LITE), the first true application of machine learning to the legal industry, combining pattern-recognition technology with supervised and unsupervised machine learning to read and understand human language. Luminance is used by law firms and in-house teams in over 46 countries around the world to improve processes such as due diligence, contract negotiation, regulatory compliance reviews, property portfolio analysis and eDiscovery. The company has offices in London, Cambridge, New York, Chicago and Singapore.
LexisNexis is the leading and most reputable provider of legal, regulatory and business information and analytics. Launched in 2013, the annual LexisNexis Legal Awards recognises and celebrates excellence and innovation across the legal sector. The awards program includes other categories such as, Diversity and Inclusion, Wellbeing, Pro Bono and Legal Services Innovation, and is judged by a panel of leading legal figures.
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