23 March 2021- ‘Global Top 100’ law firm, Eversheds Sutherland, are bringing the power of Luminance’s leading artificial intelligence platform to their Milan and Rome offices in order to meet the demands of their clients and strengthen innovation in the Italian legal sector.
Eversheds Sutherland Italy is one of the largest law firms in the region, offering first-class expertise to organisations across the globe. With a lot of the firm’s clients using technology to enhance their own business operations, the Italian law firm decided to adopt Luminance in order to transform painstaking manual review processes and deliver enhanced value to their tech-savvy clients. Impressed by the technology’s ability to deliver cost and time efficiencies in the UK practice and with an impending large-scale M&A due diligence project, Eversheds Sutherland Italy decided to deploy Luminance Diligence as it is the only solution on the market that can be used to recognise data sets in Italian, English and any other language.
Eversheds Sutherland Italy will now benefit from Luminance’s unique combination of both supervised and unsupervised machine algorithms which enable the technology to read and form an understanding of legal data with no machine training. Luminance is able to instantly surface key clauses such as ‘Change of Control’ and ‘Termination of Liability’ as well as datapoints and anomalies, becoming increasingly bespoke with continuing use. This is gamechanging for the firm and the wider Italian legal market who have previously had to invest a lot of time and resource into customising tools for the Italian language. This flexible approach will be vital for Eversheds Italy who are looking to implement Luminance’s technology across their entire legal practice, including for lease portfolio analysis, the review of credit agreements and employment contracts.
Riccardo Bianchini Riccardi, Executive Partner and Head of Corporate at Eversheds Sutherland Italy, comments: “AI technology is coming of age in the legal industry and as a world-leading law firm, adopting first-class technology like Luminance is pivotal not only for our firm, but for the progression of the industry as a whole. Our clients expect us to be using AI on their legal matters and Luminance will help us to deliver added insight to the advice we give, in a fraction of the time.” He continues, “Document review tools have, until now, been slow to penetrate the Italian legal market due to their lack of flexibility. Luminance allows us to work seamlessly with our Italian documents, enabling us to expose hidden risks and key pieces of information to our clients at ‘superhuman’ speed.”
Luminance’s CEO, Eleanor Weaver, continued, “Luminance’s AI platform is fundamentally enhancing the everyday practice of lawyers from across the globe and it is very exciting to have another forward-thinking firm on board. In an increasingly fast-paced and competitive legal environment, there is no better time to adopt technology that allows lawyers to perform rapid and insightful analysis to their clients.”
Luminance is currently used by over 300 law firms and organisations in 55 countries, including all of the ‘Big Four’ accounting firms and over one-fifth of the ‘Global Top 100’ law firms such as Mayer Brown, Holland & Knight and Bird & Bird.
Luminance is the leading artificial intelligence platform for the legal profession, with over 300 customers in more than 50 countries. Luminance’s machine learning technology reads and forms an understanding of documents, helping lawyers to perform the most thorough and rapid document reviews across practice areas including due diligence, contract negotiation, regulatory compliance reviews, property portfolio analysis and eDiscovery. Luminance has offices in London, Cambridge, New York and Singapore.
About Eversheds Sutherland Italy
Eversheds Sutherland in Italy was founded more than 44 years ago and now has more than 80 lawyers with offices in Milan and Rome. The Firm offers a comprehensive legal service to national and international clients while, also benefiting from being part of Eversheds Sutherland’ international network, the firm is able to offer seamless cross-border advice on multi-jurisdictional matters. The teams of lawyers operate seamlessly to deliver the legal know-how and strategic alignment that clients need from their advisors to help further their business interests.
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