14 June 2022 | CREA Avvocati Associati (‘CREA’), a Piacenza-based boutique law firm, has joined the ranks of other leading Italian law firms using Luminance’s award-winning AI to expedite and enhance a range of contract review projects including M&A due diligence and compliance reviews.

CREA, a multidisciplinary law firm with particular expertise in corporate law and insolvency procedures, were in need of a next-generation technology to increase the capacity and productivity of its 10-strong team, enabling the firm to take on additional work with the same resources. As the only language- and jurisdiction-agnostic tool on the market, Luminance can work in any language from day one, allowing CREA to seamlessly review and analyse both English and Italian documents and easily identify governing laws present within datasets of any size.

Luminance’s award-winning technology uniquely combines supervised and unsupervised machine learning to form a conceptual understanding of documentation. Trusted by over 400 organisations globally including leading Italian firms Portolano Cavallo and Gattai, Minoli, Agostinelli & Partners,

Luminance’s AI works out-of-the-box to recognise a range of clauses and highlight key information or areas of possible risk. In doing so, CREA will be able to maintain a competitive advantage in the Italian legal market by surfacing buried deal killers and critical findings at a far earlier stage of review.

Roberto Rovero, Managing Partner at CREA, commented: “With Luminance cutting the time spent on document review and automating legal processes across our firm, we can take on additional work, open up new revenue streams and increase the productivity of our teams. Furthermore, the AI’s ability to instantly highlight any anomalies in the datasets we are dealing with gives both our lawyers and clients greater confidence in the quality of the review and the advice we deliver.”

Eleanor Weaver, CEO of Luminance, added: “I am delighted that CREA has chosen Luminance’s AI to expedite and enhance document reviews across the boutique firm. The beauty of true AI like Luminance is that it is flexible enough to meet the needs of organisations of all sizes, and I am excited to see the value it will deliver to an innovative firm such as CREA.”

Luminance is currently trusted by over 400 organisations in 60 countries worldwide, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and in-house teams from leading organisations such as UK supermarket, Tesco, and global confectionary company, Ferrero.

ENDS

About Luminance
Luminance is the Contract Intelligence platform that turns the language that defines a business into the intelligence it runs on. Born out of the University of Cambridge and purpose-built by AI, legal and technology experts, Luminance understands the history and context of every contract. It acts on that intelligence, proactively surfacing risk, flagging obligations, accelerating negotiations and driving action across Legal, Finance, Procurement, Sales and the wider business. It enables enterprises to learn from their contracts, while contracts learn from the enterprise, helping businesses make better decisions and move forward with confidence.

About CREA Avvocati Associati

CREA is a multidisciplinary firm that is deeply rooted in the Piacenza area. With the aim of increasing specialized skills and providing clients with all-round support, CREA has always looked to the Milan area, forging a very strong bond with the city. The real strength of CREA, and its professionals, has been the ability to adapt to a world that changes with disarming speed, providing high-level assistance to clients with the management of their business.