Luminance, the artificial intelligence platform for the legal industry, is pleased to announce its technology is now fully integrated with HighQ’s market-leading collaboration and data room platform.
The integration will allow Luminance clients who use HighQ as part of their M&A transaction process to seamlessly synchronise documents from their HighQ data room with the Luminance system for analysis and intensive review.
“We are excited to announce our collaboration with HighQ as part of our continued mission to make the M&A due diligence process as streamlined as possible for our clients,” said Emily Foges, CEO of Luminance.
Luminance harnesses the latest advances in machine learning technology, developed at the University of Cambridge, to automatically read and understand large volumes of documents and highlight potential risks. The system enables faster and more accurate review, giving lawyers an instant visual insight into the contents of a data room. Uniquely, Luminance detects subtle but potentially significant differences between contracts so that key issues are highlighted at the earliest possible stage of a transaction, offering clients a better negotiating position from the outset.
'We are delighted to work with Luminance to add another layer of automated data intelligence to our platform and continue our strategy of integrating with the leading AI solutions that allow our clients to deliver smarter, more efficient legal services.' said Stuart Barr, Chief Product and Strategy Officer at HighQ.
Luminance launched in September 2016 and has customers in 12 countries, having completed more than 120 transactions to date. The company was recently awarded ‘Best AI Product in Legal’ at the AI Innovation Annual Awards.
HighQ provides innovative enterprise collaboration and content management solutions to the world’s leading law firms, financial services companies, governments and corporations. The company’s blue chip client base includes over 50% of the global top 100 law firms and some of the largest global financial institutions. HighQ combines secure, enterprise-grade technology with an amazing user experience to transform the way businesses collaborate, communicate and share information securely in the cloud. Founded in 2001, HighQ is headquartered in London, with offices in New York, Kansas City, Amsterdam, Frankfurt, Sydney and Ahmedabad.
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