Luminance Introduction
Luminance is a legal AI platform that uses advanced machine learning to automate and accelerate contract analysis, due diligence, and eDiscovery processes.
View MoreWhat is Luminance
Luminance is a leading artificial intelligence platform for the legal industry. Developed by mathematicians from the University of Cambridge, it leverages a proprietary Legal Pre-Trained Transformer (LPT) model that has been trained on over 150 million verified legal documents. Luminance brings next-generation AI capabilities to every touchpoint a business has with its contracts, from generation and negotiation to post-execution analysis. The platform is designed to be an end-to-end legal AI co-pilot, assisting legal teams with contract processing, due diligence, eDiscovery, and more.
How does Luminance work?
Luminance's AI technology works by analyzing legal documents and extracting key information and insights. For contract analysis, it can quickly review large volumes of contracts to identify important clauses, risks, and anomalies. Its AI-powered negotiation capabilities allow for automated contract drafting and redlining. The platform also includes an intelligent repository for document storage and retrieval, as well as a Legal-Grade™ chatbot for answering questions about contracts. For due diligence, Luminance can instantly detect anomalies and recognize over 1,000 out-of-the-box legal concepts. Its eDiscovery module uses AI for early case assessment, technology-assisted review, and automatic PII detection and redaction. Luminance integrates with tools like Microsoft Word, Outlook, and Salesforce to fit seamlessly into existing legal workflows.
Benefits of Luminance
By leveraging AI, Luminance offers significant time and cost savings for legal teams. Users report up to 90% time savings on document review and contract processing. The platform increases efficiency by automating routine work, allowing lawyers to focus on higher-value tasks. It improves visibility into contract portfolios and helps maintain compliance by flagging risks and obligations. Luminance's language-agnostic AI can work across multiple languages, making it valuable for international organizations. The technology also reduces reliance on outside counsel for complex reviews, potentially cutting external legal spend. With its intuitive interface, Luminance can be implemented quickly, with users reporting being up and running within 24 hours.
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