Luminance announces that it has started working with CAS (Carillion Advice Services), a leading innovator in managed legal services. Having already helped a number of leading law firms to improve their due diligence practice, this latest contract win reflects Luminance’s ability to accelerate the value that a broader range of legal providers can add.
The multi-award-winning CAS, part of the Carillion Group, will use Luminance's artificial intelligence technology to enhance the corporate due diligence document review projects it conducts on behalf of M&A departments in the UK’s leading law firms. The system’s ability to prioritise a data room review by automatically highlighting key areas of interest allows CAS to use its legal resources as wisely and cost-effectively as possible, delivering better value and higher-quality results to their law firm clients. Built-in collaboration tools also add value to CAS’ work by streamlining the entire review process.
Luminance, developed from Ph.D. research at Cambridge University, harnesses proprietary machine learning algorithms to read and understand legal documents as a human does, at speeds no human can match. It detects patterns within language using a unique combination of supervised and unsupervised machine learning, allowing it to sort, cluster and classify documents while exposing anomalies – subtle differences between similar documents that indicate where review should be focused.
'The fast, high quality, cost-effective outsourcing of commoditised legal processes we provide at CAS saves businesses money and frees qualified in-house lawyers from low-value repetitive work,' said Lucy Nixon, Director at CAS. “Luminance’s new-era product offers our clients exactly the kind of innovation they need to allow them to focus on adding real value to the business. Its unique anomaly detection capability and easy implementation ensures Luminance stands head and shoulders above other providers we have looked at in this space.'
'Adopting Luminance is a natural step for CAS, a technology-powered alternative legal provider that is disrupting the marketplace for traditional law firms,” said Emily Foges, CEO of Luminance. “We are seeing increased demand for Luminance from a wide range of firms working with legal processes, who understand the need for a technology solution that can assist them in getting the maximum value possible from vast reams of data with limited resources.'
CAS will also use Luminance for in-house contract analysis to help the company manage its internal legal documents.
CAS (Carillion Advice Services) is an award-winning leader in Managed Legal Services. Backed by the strength of Carillion and the very latest technology, the UK-based team has over 4 years’ experience providing these services to Carillion, other FTSE350 companies and law firms. Combining expertise in outsourcing and technology with a focus on delivering timely advice, CAS operates in the area of legal, HR and claims handling services.
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