AI firm lights up legal profession and Awards process
Luminance, which provides Artificial Intelligence software for law firms and in-house teams, is gunning for the Disruptive Technology accolade in the 30th Anniversary Business Weekly Awards.
Based at the Maurice Wilkes Building at St John’s Innovation Park, Luminance prides itself as being the only platform to bring true artificial intelligence to the legal profession.
Its submission says: “By deploying a unique blend of supervised and unsupervised machine learning, the core technology ‘LITE’ is able to read and understand language in a way that is similar to the human brain and then learns from lawyers’ interactions with documents as they conduct their review.
”Luminance has enhanced the lives of lawyers in 165 countries globally, including 17 of ‘The Global Top 100’, such as Holland & Knight, Slaughter and May and Bird & Bird, as well as each of the Big Four accounting firms.”
The company’s pattern-recognition technology reads, understands and learns from the interaction between lawyers and documents, pinpointing warning signs that would be missed during a manual review.
Lawyers around the world now rely on Luminance to dig deeper into their data, providing unprecedented insight and clarity across their contracts.
The company has continued to strengthen ties in the legal profession by creating an advisory board to accelerate the adoption of the technology at a time of increasing pressures within the industry.
The board is comprised of senior lawyers from a range of specialisms, jurisdictions and organisations, complementing the work of the Security Advisory Board, led by Lord Evans of Weardale KCB, former Director General of MI5.
The advisory board has been reinforced by the arrival of Rosemary Martin, group general counsel of Vodafone; Steve Cooke, senior partner of Slaughter and May; Manuela Cavallo, founding partner of Portolano Cavallo and Vagn Thorup, former chairman of the International Bar Association’s Technology Committee.
Emily Foges, CEO of Luminance, said: “The insider knowledge that these industry specialists bring will ensure that we intrinsically understand the requirements of our customers so we can continue to provide technology that supports them.”
To enter the Business Weekly awards visit: https://www.businessweekly.co.uk/business-awards/enter-awards