26 Oct 2021 – Top tier Uruguayan law firm, Guyer & Regules, has announced its adoption of Luminance’s market leading artificial intelligence platform to augment and expedite regulatory compliance reviews.
As the only Uruguayan firm to be recognised as the ‘Latin American Law Firm of the Year’ by Chambers and Partners, Guyer & Regules is a pioneer in the Uruguayan legal market. With the constant stream of new regulations causing compliance to become a dominant issue for organisations around the world, the Montevideo-based firm were in need of a technological solution that could augment and enhance compliance reviews on behalf of their clients. With Luminance, legal teams can gain immediate insight into documents, honing in on key information such as key clauses, governing laws and anomalies, enabling the firm to quickly identify all documents or provisions that do not comply with new or existing regulations.
Guyer & Regules were particularly enthusiastic about Luminance’s ability to read and form an understanding of documents regardless of language. Furthermore, Luminance’s ability to easily export all data and generate reports with a click of a button will help the firm deliver faster, more insightful legal advice to their clients.
Nicolás Herrera, Senior Partner at Guyer & Regules, comments: “Regulatory compliance reviews are becoming more and more important, so we need a tool that will allow us to conduct these reviews quickly and thoroughly, but with full confidence that no risk to our clients has been missed. Using Luminance’s AI to keep abreast of any new regulation will truly make us stand out in the legal market in Uruguay.”
Eleanor Weaver, CEO of Luminance, adds: “With growing data volumes and an increasing volume and complexity of regulation, Luminance’s ability to read and form an understanding of vast swathes of documents makes it a vital tool for ensuring compliance across the entirety of a dataset, with no stone left unturned. It is exciting to be working with one of the top firms in Uruguay and helping them to provide the best possible service to their clients.”
Luminance is currently used by over 350 customers, including leading law firms, professional services firms, and corporate customers across over 60 countries. The platform is used by lawyers working in over 80 languages, with over 40% of its customers working primarily with non-English documents.
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 60 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 Guyer & Regules
Guyer & Regules is an award-winning Uruguayan law firm with 18 partners and 101 lawyers. The firm is considered Uruguay’s blue chip firm and the first choice for international and domestic complex legal, accounting and tax work. Guyer & Regules has been consistently recognized as “Uruguayan Law Firm of the Year” for nine years and the first and only Uruguayan firm recognized as “Latin America Law firm of the Year” by Chambers & Partners.
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