Luminance, the leading AI platform for the legal profession, announced today that over 30 world-leading law firms and corporations, including Dentons and Burness Paull, are reaping the benefits of Luminance’s highly flexible machine learning technology by utilising both its Diligence and Discovery products simultaneously within their practices.
With so many law firms choosing to implement both products, lawyers are able to analyse a wide array of datasets from different use cases in record time and with huge cost-savings. Not only do these firms favour the familiarity of the interfaces and workflows, but the flexibility afforded by both Luminance Diligence and Discovery means they can utilise the technology on almost every legal process across their practice.
Launched in 2016, Luminance Diligence was the first application of Luminance’s core intelligence, the Legal Inference Transformation Engine (LITE). LITE combines supervised and unsupervised machine learning algorithms and powers Luminance Diligence to assist corporate lawyers across matters including M&A due diligence, regulatory compliance reviews and contract management. By using Luminance Diligence, firms such as Bird & Bird, Slaughter and May, Holland & Knight as well as each of the ‘Big Four’ accounting firms are generating time-savings of up to 80% and gaining unparalleled insight into the risks and anomalies contained within their datasets.
With increasing numbers of litigators enquiring as to how this technology could highlight relevant documents and uncover the smoking guns in their vast datasets, in 2018 Luminance developed its Discovery product, applying its LITE technology to matters such as arbitration, litigation and data regulation compliance. Firms worldwide, including Gamboa Abogados, Norburg & Scherp and Dentons Middle East have used Luminance Discovery to cull up to 90% of data in a matter of minutes, whilst machine learning that highlights relevant information and exposes under-investigated areas of the dataset generates time savings of over 85% and ensures the most thorough investigation.
Samuel Moore, Innovation Manager at Burness Paull, adds: “It is extremely useful to have different flavours of the technology, allowing legal teams to prioritise certain features on a case-by-case basis and get the most out of Luminance’s powerful technology. This allows Burness Paull to conduct reviews with the utmost flexibility and ease.”
Jason Brennan, Luminance’s CEO, comments: “By adopting both Luminance’s Diligence and Discovery products, our clients are able to apply machine learning technology to and excel in every document review they will ever encounter.”
Luminance is now being used by over 250 law firms and organisations globally, including all of ‘Big Four’ accounting firms and one-fifth of the Global ‘Top 100’ law firms. Last year, Luminance’s ground-breaking technology was named a ‘Technology Pioneer’ by the World Economic Forum.
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 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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