Burckhardt Compression Automates Contract Review with Luminance’s AI

29 February 2024 |

Luminance, the pioneer in ‘legal-grade’ AI, today announced that global manufacturer, Burckhardt Compression AG (“Burckhardt Compression”), has adopted its award-winning technology to streamline legal processes across the business.

Faced with an ever-increasing quantity of legal content in need of review, Burckhardt Compression sought an AI technology that would help reduce the time spent reading, negotiating and managing routine contracts, while maintaining the quality and confidence in their reviews. The legal department were keen to implement a technology that could automate time-consuming yet highly standardised work such as reviewing routine NDAs and Supply Agreements, allowing the team to focus on value-added tasks such as high-risk or business-critical contracts, negotiations, etc.

Burckhardt Compression turned to Luminance’s next-generation AI for its ability to automatically take a first pass review of any incoming contract out-of-the-box. By instantly highlighting which areas of a contract are compliant or non-standard according to the company’s internal positions, Luminance provides the ability to significantly expedite contract negotiations. Moreover, since the company manages contracts in multiple languages including English, German, French and Italian, Luminance’s unique language agnosticism was another fundamental feature for the team.

Looking ahead, Burckhardt Compression considers to roll out Luminance’s AI to non-legal teams across the business. For instance, with Luminance’s Self-Serve feature, functions such as Sales and Procurement can instantly and independently negotiate and amend contracts in line with internal standards, helping to reduce the burden on Burckhardt Compression’s legal department and accelerate time to signature.

Marko Denadic, General Counsel at Burckhardt Compression, said: “The rise of AI tools in the legal sector is evident and inevitable. The best-placed legal practitioners will be those who make the efforts to comprehensively understand these systems so that they can be utilised with control and integrity. This is of key importance for Burckhardt Compression and consequently any use of AI will be done carefully to safeguard confidentiality and maintain compliance. Luminance’s out-of-the-box approach really sets it apart in the market. I can see that this technology is going to be a total game-changer in terms of how we draft, negotiate and manage our contracts. The legal department has already achieved significant time-savings, and I will be excited to extend this to other teams across the wider business. We have trust in Luminance who will support us on this fascinating venture.”

Eleanor Lightbody, CEO of Luminance, adds: “It’s great to welcome Burckhardt Compression to the Luminance family. I’m delighted to see the value that our AI is providing for the legal team and beyond.”


About Burckhardt Compression

Burckhardt Compression creates leading compression solutions for a sustainable energy future and the long-term success of its customers. Together with its brands Burckhardt Compression, PROGNOST, SAMR Métal Rouge and Shenyang Yuanda Compressor, the Group is the only global manufacturer that covers a full range of reciprocating compressor technologies and services. Its customized and modularized compressor systems are used in the Chemical/Petrochemical, Gas Transport & Storage, Hydrogen Mobility & Energy and Industrial Gas sectors as well as for applications in Refinery and Gas Gathering & Processing. Since 1844, its passionate, customer-oriented and solution-driven workforce has set the benchmark in the gas compression industry.

About Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance’s specialised legal co-pilot uses next-generation AI to automate the generation, negotiation, and analysis of contracts. Developed by world-leading AI experts, validated by leading lawyers, and in use by over 600 customers in 60 countries, Luminance’s ‘legal-grade’ AI is a key component of any legal team.