08 November 2022 | One of Israel’s leading international law firms, GBK & Co. (“GBK”), has announced its adoption of Luminance’s AI to automate the negotiation and review of complex client agreements, as the firm looks to optimise its legal service delivery.
GBK is a full-service multidisciplinary law firm with a strong emphasis on cross-border real estate and corporate transactional work. As a boutique practice that represents a diverse number of innovative ventures and start-ups, GBK frequently negotiates with international vendors and investment promotors on behalf of clients. Faced with increasing volumes of legal content in need of review and only limited manpower, GBK sought a next-generation technology that would help the team to maintain the speed and quality of the firm’s legal service delivery.
Drawn to Luminance’s power to automate repetitive, routine legal processes, GBK now have access to Luminance’s revolutionary ability to provide a first-pass review of incoming contracts, visually highlighting which clauses are compliant or non-compliant with a customer’s standards. With Luminance’s AI expediting the review of incoming contracts, GBK’s lawyers can focus attention and time on securing the best possible terms for their clients. Furthermore, Luminance’s language agnostic, AI-powered contract repository enables GBK’s team to analyse client contracts in both English and Hebrew, giving them instant insight into their entire contractual landscape and facilitating knowledge sharing across borders and offices.
Guy Kleinboim, Partner at GBK, commented: “Luminance gives law firms like us an effective way to reduce the time spent manually reviewing very large volume of documents. Adoption of Luminance’s AI technology is a crucial component in our firm’s drive to become the leading, tech-enabled law firm in the Israeli market, allowing us to optimise our legal processes and deliver the best possible service to our client base.”
Eleanor Lightbody, CEO of Luminance, added: “I am thrilled to welcome GBK to the Luminance stable. Luminance’s AI is crucial for firms looking to futureproof their businesses and gain the first-mover advantage in an increasingly competitive sector. With Luminance, GBK’s team can automate labour-intensive tasks like contract review and redirect resource to high-value work. I am excited to see Luminance’s AI generate value for their clients.”
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 500 customers in 60 countries, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and multinational organisations.
About GBK Law
GBK, founded in 1969, is a full-service multidisciplinary law firm with a strong emphasis on cross-border real-estate and corporate transactional work with one of Israel’s finest maritime and aviation law practices, a leading securities and capital markets practice and a highly professional corporate and commercial litigation practice. Currently branched in Ramat Gan and Haifa, adjacent to Israel’s commercial and financial centre, the firm offers its clients a wide range of high-level legal services in all fields of commercial-business law, combining high professional personal service and a deep understanding of clients’ interests and affairs.
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