-[9 April 2020]- Luminance, the flagship AI company borne out of research at the University of Cambridge, announced that legal innovation evangelist, Oz Benamram, is leading Luminance’s Advisory Board for the Americas, following on from the success of the European Board which launched last year. This comes at a point where the company’s core machine learning technology, LITE, is deployed by over 200 law firms and organisations, working in 80 languages across 48 countries worldwide.
Now more than ever, Luminance’s powerful machine learning and collaborative-working technology is vital for lawyers to conduct quick and effective reviews whilst working remotely. Luminance can quickly read vast quantities of documents, highlighting to lawyers all instances of relevant provisions, such as force majeure, to ensure the most thorough analysis of contractual risk and obligation. Further, new functionality such as model document and clause comparison not only highlights anomalies against the document corpus, but actually against the lawyers’ own chosen ‘standard’ too. Luminance’s project management tools are also invaluable, with automatic workflow distribution and document allocation ensuring no duplication of work, and progress reports and findings immediately available to ensure a thorough review.
Since its launch in 2016, Luminance, which last year received a Queen’s Award for Innovation and was named a ‘Technology Pioneer’ by the World Economic Forum, has continued to make waves in the legal profession. The company’s machine learning algorithms, which read and understand human language to accelerate and enhance document review across a range of practice areas, is now deployed by 20% of the global top 100 law firms. This includes Holland & Knight, Bird & Bird and Dentons, as well as some of the world’s leading organisations, including all of the ‘Big Four’ accountancy firms.
A key moment of 2019 was the establishment of Luminance’s Advisory Board, bringing together industry-recognised legal professionals to ensure the technology remains as empowering and intuitive for lawyers as possible. Leader in legal innovation Oz Benamram, has been heading up Luminance’s Americas Advisory Board for the past two months as the platform continues its expansion and growth in the region. He commented: “Luminance’s technology is empowering lawyers to provide at the highest level of client service. By not being weighed down by repetitive, low-value tasks, lawyers can free up time to focus on more rewarding substantive work, concentrate on communicating and collaborating with their clients, and deliver faster, more efficient client service. This is innovation at its finest.”
“We are delighted to be establishing a US- based Advisory Board under Oz Benamram. Oz’s experience and breadth of knowledge in innovation will be invaluable for the development and expansion of the platform.” commented Jason Brennan, Luminance’s President of the Americas. “Reaching 220 customers in just over three years is an extraordinary achievement and testament to the real and tangible benefits Luminance is delivering to law firms and importantly, their clients.”
Through a combination of supervised and unsupervised machine learning algorithms, Luminance is unique in its ability to provide value to lawyers working in any language or jurisdiction.
About Oz Benamram
Oz Benamram is a global pioneer in legal technology and knowledge management. Graduating with LLB in Law and BA in Economics from Tel Aviv University, Oz has over 25 years’ experience working in the legal industry. Prior to joining White & Case, Mr. Benamram was a Firmwide Director of Knowledge Management at Morrison & Foerster. Oz is now the Chief Knowledge & Innovation Officer at Simpson Thatcher & Bartlett.
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 48 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 and Singapore.
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