The Commercial Imperative for AI
It is clear that the advent of machine learning technology for the legal industry brings with it significant opportunity, both for law firms and for in-house legal departments.
With robust AI systems now able to read and form an understanding of vast volumes of documentation, the potential implications and benefits are hard to understate.
This white paper will study the financial advantages for firms and organisations that choose to adopt AI technology, with a particular focus on:
- How Luminance customers have been able to dramatically reduce costs by up to 90% on each project they undertake;
- The ways that customers have structured costs internally;
- How law firms have charged clients for projects completed with the assistance of Luminance;
- Instances in which AI has demonstrably increased revenue and provided alternative income streams for Luminance’s customers.
