17 January 2023 | Luminance, the global leader for legal process automation, today announced a partnership with San Francisco-based law practice, modCounsel, that will extend the entire suite of Luminance’s AI-powered products to the firm’s wide range of high-growth clients.
Founded by former Fortune 100 business leaders, modCounsel is an alternative legal service provider designed for innovative, high-growth companies. In an increasingly challenging market, modCounsel sought a next-generation solution to help their clients drive business forward while managing their long-term risk. With Luminance expediting the full spectrum of document reviews, from contract drafting and negotiation to post-execution reviews, including M&A due diligence, lease reviews, and eDiscovery, modCounsel’s clients can expect to receive support at scale with regulatory reporting, data breach response, transaction diligence, and document analysis from a diverse team of talented legal professionals now empowered with next-generation AI.
Ronak Ray, Co-Founder and Executive Managing Director at modCounsel, commented: “Our partnership with Luminance ensures that our clients have the benefit of world-class technology stitched into our award-winning legal services offerings. With Luminance’s AI in our toolkit, we can establish a tiered review approach for large datasets while balancing both quality and speed when stakes are particularly high. Additionally, we can expedite time to deal closure and maintain our client’s competitive edge in an increasingly challenging market.”
Clementine Fox, Luminance’s US General Manager, added: “I am delighted to welcome modCounsel to the growing list of US firms adopting our technology. By implementing the entire suite of Luminance products, modCounsel is leading the way in the application of next-generation AI to the entire spectrum of legal services. I am excited to see the value we can deliver for the firm’s high-growth clients.”
Luminance is trusted by more than 500 organizations in 60 countries, including all of the Big Four consultancy firms, over one-quarter of the world’s largest law firms, and in-house teams from leading organizations such as Colombian flagbearer airline, Avianca, 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 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.
modCounsel is a law practice designed for growth companies. Our concierge services help clients achieve results in their business across six practice areas. Clients choose modCounsel for their fixed price offerings and 24-hour response times. Our special combination of law firm rigor, consulting strategy, and operations excellence enables us to create a smarter legal model fit for high-growth organizations.
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