Luminance increases presence in the US with Pepper Hamilton agreement 28 January 2019 | New York
Leading law firm Pepper Hamilton LLP has adopted Luminance’s technology, as the British AI company continues to expand its presence in the US market. The firm has deployed Luminance for M&A due diligence reviews after a trial that compared the machine learning technology with a manual review.
“When comparing Luminance to our previous manual processes, its benefits were very clear from the start. The technology saved the team significant time,” commented James Jumper, partner at Pepper Hamilton.
Luminance’s combination of supervised and unsupervised machine learning meant that the technology did not need to know what it was looking for in advance in order to cluster the team’s documents. Pepper Hamilton’s lawyers could then apply their knowledge to label the document categories and conclude the project faster than by a manual review.
“Luminance’s ability to identify document types right out of the box, with no training, made for a far more efficient review process for the whole team. Luminance is exceptionally user-friendly,” noted Paris Waterman, associate attorney at the firm. “We look forward to seeing the added support Luminance can provide in future M&A deals, and we anticipate that the technology will help us deliver on our firm’s key values of commitment to the client’s cause and adding value with efficiency,” she continued.
Luminance CEO Emily Foges said of the firm’s decision to deploy Luminance, “Pepper Hamilton has a global reputation for excellence and innovation, and I have every confidence that Luminance’s cutting-edge technology will place the firm in a good position to continue delivering results for its clients.”
This latest customer signing for Luminance follows the company’s announcement of a fifth global office in New York, adding to bases in Chicago, London, Singapore and Cambridge. “Our team is better-equipped than ever to meet the rising demand for legal technology solutions in the US. This year, a focus for Luminance will be continuing to support our growing US customer base; New York in particular is a hub for innovation and a city that is home to several leading customer firms, so an office there seemed a logical next step as our global presence expands,” commented Emily.
Luminance’s 130+ customers include 14 of the world’s top law firms and three of the ‘Big Four’ accountancy firms. The company has recently been shortlisted for the ‘Innovation of the Year’ and ‘Best Use of Technology’ awards at the Modern Law Awards 2019.
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