3 March 2022 | Luminance, the world’s most advanced AI for legal process automation, will be joined by leading figures from global pharmaceutical company, IDEXX Laboratories, Global Top 100 law firm, Mayer Brown, and multinational insurer, Liberty Mutual, for a panel at this year’s flagship Legalweek 2022 conference.
Led by Luminance’s CEO, Eleanor Weaver, and bringing together different perspectives from across the in-house and private practice community from a variety of verticals, the panel will discuss the growing role of AI in helping organisations to drive profitability, maintain compliance with a changing regulatory landscape and gain a competitive advantage in negotiations. With customers including one quarter of The Global Top 100 law firms such as White & Case and Holland & Knight, all of the ‘Big Four’ professional services firms and multinational organisations including Ferrero and Avianca Airlines, Luminance’s AI has become a key component of law firms’ and companies’ innovation strategies for over the last five years. Against a backdrop of exploding data volumes, global regulation and efficiency pressures, those attending Legalweek can hear first-hand how AI assists lawyers in quickly responding to incoming claims and questions, ensuring their client or business is in the best possible negotiating position.
“I am delighted to be returning to New York City for Legalweek 2022 alongside some of our valued customers,” said Eleanor Weaver, CEO of Luminance. “Our US customer base grew by 80% last year alone, and today, Luminance’s AI is used by legal professionals across the spectrum of the law, from GCs and private practice attorneys to insurance professionals and even police officers, so I’m pleased to be bringing a unique perspective to this flagship conference.”
Matthew Forsyth, VP and Deputy General Counsel at IDEXX Laboratories, Inc. added: “With Luminance’s artificial intelligence we can see exactly where we need to focus our attention in negotiations, and operationally. And with AI automatically showing us in Microsoft Word both variances from our templates and annotated outcomes from previous negotiations, we can rapidly ensure that each contract complies with our internal policies. AI gives our lawyers more time to focus on the highest-value work – negotiating key issues and problem-solving – rather than spending time gathering and assessing basic information. It is critical for any forward-thinking in-house counsel or legal operations team that wants to accelerate deal closure, make more informed decisions, and ensure compliance in a rapidly-changing regulatory landscape.”
Jackie O’Neill, Director of Project Management, Global Risk at Liberty Mutual said: “Luminance means we can make the most out of our data. By understanding our previous decision-making, we can carry that behaviour into the future when negotiating new contracts to make better, quicker and more informed decisions and deliver a better service to our clients. As well as driving efficiency into our everyday work, Luminance’s language and workflow capabilities have been transformational, helping us to collaborate with colleagues across the United States and Latin America, access documents seamlessly, ensure no duplication of work and instil a culture of inclusivity across the firm. We are amazed by the technology.”
Jordan Galvin, Global Legal Innovation Supervisor at Mayer Brown, commented: “Today, the demand on lawyers’ time is profound. Face-time with clients; billable work; business development and pro bono demands are all contributing towards a time strain that is universal across the legal profession. Artificial intelligence like Luminance is helping us to dramatically cut the time spent on document review: now, we are able to find out key information much earlier on in a review. Not only does this mean we can provide feedback to our clients much faster, but has the added benefit that we can spend longer on the valuable work of analysis and strategic advice that we pride ourselves on.”
Luminance will be hosting a number of events in NYC during Legalweek 2022. To attend an event or schedule a meeting with a representative from Luminance, email [email protected].
Luminance is the world’s most advanced AI technology for the legal processing of contracts and documents. Founded by mathematicians from the University of Cambridge, Luminance’s AI reads and forms a conceptual understanding of documents in any language. Luminance uses this understanding to augment the spectrum of legal matters, from AI-powered contract drafting, negotiation and review to investigations and eDiscovery. Luminance is used by over 400 customers in 60 countries, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and multinational organisations.
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