-14 September 2020- Luminance, the award-winning artificial intelligence platform for the legal profession, has today announced its partnership with leading legal operations and technology management consultant firm, Karta Legal. By becoming a Luminance Partner, Karta Legal will be able to provide Luminance’s pioneering technology to its global client base of leading law firms and in-house legal teams.
Founded in 2018, Karta Legal consults legal departments and law firms on how to improve their legal services through technology acquisition and implementation, electronic discovery and data and legal project management. Indeed, Karta Legal’s move to collaborate with Luminance comes at a time where many firms are mitigating the economic fallout stemming from the Covid-19 pandemic. Karta Legal aims to educate its clientele on how they can use Luminance’s ground-breaking technology to maximise efficiency, meet changing client and market demands and drive down costs.
Luminance combines supervised and unsupervised machine learning algorithms to read and form an understanding of documents, instantly surfacing key information such as clauses, document types, anomalies and risks on a visual, graphic display. As the reviewer continues to interact with the Luminance platform, the technology is able to learn from these interactions to generate additional insight, becoming increasingly bespoke to the nuances and specialties of the firm. Lawyers from over 250 firms have consistently reported time savings of at least 50% across a wide range of legal practices areas including M&A due diligence, regulatory compliance, contract negotiation and eDiscovery.
Jason Brennan, Luminance’s acting CEO, comments: “Clients today expect their lawyers to be using the latest and most innovative technology. We are delighted to enter into this partnership with Karta Legal that will enable forward-looking firms to conduct legal reviews with more insight and speed than ever before.”
Lourdes Slater, CEO at Karta Legal, adds: “Luminance’s market-leading technology will enable our extensive clientele to accelerate and optimise document review processes, in turn allowing lawyers to become real revenue-drivers for their firm.”
Luminance is currently used by over 250 law firms and organisations in 50 countries worldwide. This includes world-leading law firms such as Bird & Bird, Slaughter & May and Holland & Knight as well as all of the ‘Big Four’ accounting firms.
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.
About Karta Legal
Karta Legal's goal is change management through design thinking and process improvement using Lean Six Sigma and Agile LPM techniques. This holistic approach is critical not just in large, high-profile cases, but in any process or project that affects resources, time and money. The Karta Legal team consists of lawyers, project managers and IT experts. Karta Legal’s CEO, Lourdes Slater, has trained hundreds of lawyers, paralegals, litigation support and IT personnel to operate in the most efficient and cost effective manner. She has managed data and discovery in some of the most notable cases of the last two decades, including the Madoff Trustee litigation and, following the 2008 financial crisis, the RMBS litigation.In recognition of her success, Lourdes Slater has been named a New York Trailblazer by the New York Law Journal for being an innovator, an agent of change, and a thought leader.
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