Luminance expands into Japan and Korea
Cambridge University spinout Luminance – a flagship artificial intelligence platform for lawyers – has launched Japanese and Korean machine learning to expand its technology reach globally.
This comes at a time when Luminance has signed its latest Japanese customer, Atsumi & Sakai.
Founded by mathematicians at the University of Cambridge, Luminance is currently deployed by over 250 law firms and organisations worldwide, working in more than 80 languages, including all of the ‘Big Four’ accounting firms and over one-fifth of the ‘Global Top 100’ law firms such as Holland & Knight, Bird & Bird and White & Case.
Powered by a unique blend of supervised and unsupervised machine learning algorithms, Luminance provides the most robust tool on the market, allowing lawyers to rapidly analyse vast troves of documents and achieve time savings of up from 50 per cent on day one of a review, increasing with continuing use.
The UK business tells us that its technology is being used to read and analyse legal documentation in Japanese and Korean.
Atsumi & Sakai is one of the major independent full-service law firms in Japan and as a tech-first law firm have been investing heavily in technology tools to enhance client services across their practice, from cyber security and video-conferencing platforms, to machine AI translation tools, and now, advanced document review technology.
Atsumi & Sakai plan to implement Luminance across a wide range of practice areas, greatly benefitting from Luminance’s flexible technology to help lawyers work more efficiently than ever whilst gaining unparalleled insight into legal documents in use cases such as M & A due diligence.
Jaeger Glucina, head of sales at Luminance, said: “We are hugely excited to be supporting our clients in their review and analysis of Japanese and Korean documents, and are thrilled to welcome a pioneering Japanese firm such as Atsumi & Sakai to our roster of top-tier clients.”
Ryuichi Nozaki, a senior partner at Atsumi & Sakai, added: “As a forward-thinking firm, we want to have the latest, most cutting-edge tools to make our work more efficient, facilitate collaboration between our teams and, ultimately, provide the most comprehensive and cost-effective advice to our clients.
“We will be able to do this by bringing the power of Luminance’s machine learning to our Japanese document sets. With Luminance, our lawyers will have more time to focus on analysis and strategy, adding extra value to our relationships with our clients. We believe Luminance will truly revolutionise our practice.”
Last year, Luminance was awarded a Queen’s Award for Innovation and was recognised as a ‘Technology Pioneer’ by the World Economic Forum. The company supports its 250 customers from offices in London, Cambridge, New York and Singapore.