Jadek & Pensa deploys Luminance Diligence for M&A transactions 20 December 2018 | Press Release
Top-tier Slovenian law firm Jadek & Pensa has adopted Luminance Diligence for assistance with multi-lingual M&A transactions.
The firm, which has been consistently ranked in Tier 1 in Chambers&Partners, IFLR1000, Legal 500 and other legal services directories, selected Luminance not only due to its ability to significantly reduce the time spent reviewing thousands of documents in a transaction, but also its ability to supercharge their lawyers, enabling far greater insight into a data room. Jadek & Pensa will use the technology for complex, multi-lingual M&A transactions, including those involving documents in Slovenian, benefitting from Luminance’s ability to quickly read and understand documents in any language or jurisdiction.
“Using Luminance, we no longer need to wade through thousands of pages of documentation during an M&A transaction,” said Ožbej Merc, Partner at Jadek & Pensa. “The technology allows us to understand the entire scope of a project and analyse specific points of risk or opportunity at the touch of a button. As we celebrate the firm’s 60th birthday this month, we foresee these improvements helping us to stay competitive in M&A deals long into the future.”
“We are delighted to have been selected by another top-tier Slovenian firm for assistance with M&A transactions,” added Emily Foges, CEO of Luminance. “Jadek & Pensa’s deployment of Luminance Diligence demonstrates the benefits we can bring to law firms working in any language.”
Luminance harnesses the latest advances in machine learning and pattern recognition technology, developed at the University of Cambridge, to improve the efficiency of processes such as due diligence, compliance reviews, e-discovery and contract management. The company has over 125 customers across six continents since launching in September 2016, including 14 of The Global 100 law firms and three of the ‘Big Four’ accountancy firms.
About Jadek & Pensa
Jadek & Pensa has a rich history, as the origins of the law firm date back to 1958. As one of the oldest law firms in Slovenia, Jadek & Pensa has always been recognized as a leading law firm in Slovenia, focused on commercial, corporate and transactions law and prevention and resolution of disputes. At an international stage international guides such as Chambers&Partners, IFLR1000, Legal 500 continuously rank Jadek & Pensa as Top Tier law firm in Slovenia. Lawyers of Jadek & Pensa maintain the highest quality standards in the course of their work and follow closely the development of technological trends and challenges of digitalisation, which increasingly shape also the legal profession.
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