Dickson Minto has selected Luminance as its artificial intelligence platform for due diligence after a competitive selection process and pilot exercise. The Luminance platform has the ability to quickly understand and prioritise documents in a data room. The software uses sophisticated pattern recognition and machine learning to identify contracts and clauses and to highlight anomalies between documents and contracts. Luminance continuously learns as it is used by a law firm.
Dickson Minto is the first Scottish firm and one of the largest City firms to adopt Luminance's artificial intelligence technology. The technology will make Dickson Minto's document review more efficient, freeing up lawyers to focus on what matters.
Douglas Armstrong, partner at Dickson Minto, commented: 'Given our focus on complex cross border transactional work, it is essential that our lawyers have the tools to deliver high quality service to our client base. Luminance will enhance our due diligence on M&A and capital markets transactions as we embed it into our review processes.
We were at the forefront of online data rooms in the late 1990s and it is important that we are influencing the early stages of artificial intelligence's impact on legal transactions. We look forward to seeing how the technology evolves as it is utilised and is taught our approach to due diligence.'
Emily Foges, CEO of Luminance said: 'We are delighted that Luminance has been selected by Dickson Minto to support its lawyers on corporate transactions. Luminance works seamlessly across legal teams in different offices, and we are delighted that Dickson Minto's significant presence in London and Edinburgh makes them our first client to operate in both jurisdictions.'
About Dickson Minto
Dickson Minto is a UK top 100 firm with dual headquarters in Edinburgh and London. The firm specialises in corporate transactions and complex commercial advice, allied with unmatched customer service. Dickson Minto has been trusted with some of the largest and most complex transactions in the market, recently being listed third in the FTSE main market adviser rankings. The firm has advised clients on corporate transactions with an aggregate value of over $200 billion.
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