16 August 2021- In light of the decision by Kira’s senior management team to no longer operate in the law firm market, Luminance reiterates its commitment to law firms and is announcing that it is putting together a commercial and technical package to allow Kira users to migrate their work and configurations as seamlessly as possible.
On 10th August, Kira announced that the company was being broken up and its senior management team would be leaving to start a new business in other markets. The remaining rump of Kira was disposed of in a sale to a third party.
A leading British AI company, Luminance is used by over 300 organisations globally. Law firms have been and remain a key customer base for the company, with Luminance counting one in five ‘Global Top 100’ law firms as users of its machine learning software.
Eleanor Weaver, Luminance’s CEO, comments, “Luminance is fully committed to the law firm market and will continue its rapid growth and technology development in that area. Those customers of Kira who wish to continue with the vision of AI-assisted legal practice will find the Luminance community welcoming and supportive.”
Further details of the rescue package will be available shortly.
In 2020, Luminance saw its customer base increase by 40% and is now used by all of the ‘Big Four’ professional services firms and corporations like UK supermarket, Tesco, as well as world-leading law firms such as Dentons, White & Case and Holland & Knight. Earlier this year, Luminance was named a ‘Future Fifty’ company by Tech Nation.
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.
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