12 May 2022 | Bookbinder Business Law (‘Bookbinder’) has become the first Botswana law firm to adopt Luminance’s world-leading legal process automation tool to expedite a range of contract review projects including due diligence exercises and property lease reviews.
Having previously relied on manual methods of document review, Bookbinder needed next-generation technology to enable the firm to take on larger contract review exercises and additional projects within the same time frame and with the same resources. With expertise in cross-border, multi-lingual matters, the firm chose to adopt Luminance’s language agnostic platform, which uses advanced Artificial Intelligence (AI) to read and form a conceptual understanding of documents - working out-of-the-box to recognise a range of clauses and highlight key information to expedite a vast range of contract review projects. These range from Mergers & Acquisitions (M&A) due diligence and lease reviews, to ensuring compliance with data protection regulations, contract consolidation exercises and repapering.
The full service corporate and commercial firm now plans to roll Luminance out across multiple practice areas, with a particular focus on using the technology to analyse key legal documents in due diligence exercises such as insurance documents, finance agreements and employment contracts.
Jeffrey Bookbinder, Founding Partner of Bookbinder Business Law, said: “In a crowded legal technology market, Luminance’s technology stood out for its ease-of-use, instant deployment and powerful AI which will enable our lawyers to complete quick, efficient and thorough document reviews. With Luminance, we can reduce the time our lawyers spend on manual document review and get to the all-important information quicker, giving our clients a competitive advantage in the process.”
Eleanor Weaver, CEO of Luminance, added “I am delighted to welcome our first Botswana customer to the Luminance roster as we continue to expand the global reach of our technology. Luminance’s AI is transforming legal processes for law firms and organisations working in more than 80 languages, and I look forward to seeing the value it will deliver for Bookbinder.”
Luminance is currently trusted by over 400 organisations in 60 countries worldwide, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and in-house teams from leading organisations such as UK supermarket, Tesco, and global confectionary company, Ferrero.
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 trusted 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.
Bookbinder Business Law was founded by Jeffrey Bookbinder in 2010 - bringing with him over twenty-five years of international corporate and commercial legal experience. The firm has grown exponentially, and boasts a staff complement of uniquely talented lawyers - all with specialised knowledge and broad experience. Bookbinder is a full service corporate and commercial law firm set apart by its holistic perspective and stellar client service. The firm provides practical and comprehensive advice, unique to the business environment of Botswana, yet duly cognisant of economic and legal international trends further afield. Bookbinder has access to an established network of leading law firms in Africa and internationally, which allows it to advise on cross border engagements seamlessly.
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