25 July 2023 | Luminance, a global leader for legal process automation, today announced that ‘Big Four’ professional services firm, Deloitte Australia, had selected Luminance’s award-winning AI as key technology solution within their legal operations managed services practice.

The establishment of the working alliance is part of a wider trend in the evolving legal landscape: the continued rise in the demand for managed services and legal operations service offerings to drive efficiencies, simplify communications to and from legal departments, and enable legal counsels to focus on providing strategic advice. Deloitte’s Deloitte Legal Operate provides specialised legal and regulatory services with improved cost efficiency for its clients, and reduces time spent on repetitive and administrative tasks through clear protocols, processes and technology.

Using Luminance’s intelligent contract repository and unsupervised learning capabilities, organisations can thoroughly interrogate their contract data, address backlogs of work, and provide more informed and data-driven business recommendations with a critical focus on cost and time-saving operations.

Eleanor Lightbody, CEO of Luminance, said: “We are excited to see the value that Luminance will deliver for Deloitte Australia. ALSPs like Deloitte have always been ahead of the curve when it comes to embracing next-generation technologies in order to optimise the client experience. Leveraging Luminance’s data-driven insights will ultimately give them a more holistic picture when making decisions, which is essential for businesses operating in today’s complex regulatory landscape.”

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.