-[10 June 2020]- Ricardo Reigada Pereira - Sociedade de Advogados, SP, RL (RRP Advogados) is bringing the power of machine learning to the firm’s contract review processes with the adoption of Luminance, the leading artificial intelligence platform for the legal profession. By blending both supervised and unsupervised machine learning, Luminance reads and forms an understanding of a data room and uncovers hidden risk in the documents, flagging this to lawyers.
RRP Advogados was seeking to implement technology that could be easily incorporated into their lawyers’ natural workflow, whilst also giving the firm a competitive edge in terms of efficiency and insight. Unlike other technology vendors, Luminance does not require months of pre-training, nor does it need to be instructed to look for anything in particular in the data. Instead, following document upload, the machine learning technology is able to provide lawyers with an immediate oversight of the entire dataset, employing statistical pattern analysis to expose hidden deal killers and the ‘unknown unknowns’ – risks and issues that the lawyer did not set out to look for, and thus would not have been searching for.
RRP Advogados’ adoption of Luminance will prove particularly useful given current remote working restrictions. With cloud-based deployment, Luminance allows firms to be working on their first review within hours. In fact, most firms see at least a 50% time saving on day one of using Luminance, increasing exponentially with continuing use. Further, Luminance’s collaboration and project management features such as automatic document and task allocation and granular review progress tracking ensures a seamless, coordinated review, even when the legal team cannot work as a team in an office or have access to the physical documents.
Ricardo Reigada Pereira, Partner at RRP Advogados, adds: “Manually wading through huge quantities of contracts can consume considerable time and resources. Using Luminance, our firm will be able to drastically reduce review time, allowing for a more sophisticated, efficient approach to due diligence.”
Jason Brennan, acting CEO of Luminance, comments: “We are very pleased to welcome RRP Advogados as our latest customer. Luminance’s highly flexible technology operates as a seamless extension of the lawyer’s review process. This is particularly important during this critical period- with more lawyers working from home, Luminance is an invaluable tool that is offering lawyers a real competitive edge.”
Luminance is the market-leading legal AI technology, currently being used in over 240 law firms and organisations across over 50 countries.
About RRP Advogados
RRP Advogados is a Portuguese law firm founded in 2016. RRP Advogados has a dedicated, skilled and diverse team with local and cross-border experience. RRP Advogados is the Portuguese law firm affiliated with the EY Law network, which makes it uniquely positioned to help its clients achieve their goals at a worldwide level. The firm is renowned for its client-focused and value added approach to legal services with high quality advice. RRP Advogados has offices in Lisbon and Porto and through its global law network has presence in more than 80 jurisdictions.
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 50 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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