Luminance’s legal technology platform ‘Diligence’ is used by the law firm for compliance with M&A due diligence, property and privacy regulations
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March 2, 2021 Luminance, the leading artificial intelligence platform in the legal profession, announced that the innovative Portuguese law firm Vieira de Almeida (“VdA”) is the latest client to roll out the Luminance platform, providing further evidence that law firms are full platform search service solution for all legal review needs.
VdA introduced Luminance’s ‘Diligence’ platform for the first time over two years ago to support its corporate work. Since then, the company has used machine learning technology to transform a wide variety of legal use cases, including M&A due diligence, real estate and privacy compliance. Now the VdA competition and process teams are using the Luminance Discovery tool to accelerate competition and process work. The technology enables the company to quickly analyze large amounts of data in order to get to the heart of the matter quickly and consistently.
Luminance is the only technology on the market that combines both supervised and unsupervised machine learning to actively read and understand legal data. This flexible approach to machine learning underpins both the Discovery, which was 70% accepted in 2020, and the Diligence platform, and ensures that Luminance can display important information such as data points, document types, etc. even without machine training or configuration . Patterns and anomalies that become more sophisticated with continued use. VdA is currently using Luminance Discovery to significantly accelerate multiple ongoing competition law investigations involving thousands of documents that would take many months to review using manual methods based on manual estimates.
Nuno Carrolo dos Santos, Managing Associate at VdA, comments: “We have been successfully using the AI-based diligence platform from Luminance in VdA for over two years. We recently launched the Luminance Discovery platform, which we are currently using with high expectations in several projects. With Luminance Discovery, team members can collaborate and securely access, analyze, filter, find relationships, comment and classify very large sets of documents. By enabling our attorneys to conduct a wide variety of legal reviews using this technology, we can save a lot of time and resources and provide our clients with a better, higher quality work product. ”
Luminance Sales Director Jaeger Glucina added, “In a fast-paced and competitive legal landscape, lawyers need to be able to respond quickly and decisively to their clients’ needs. Introducing multiple technologies that are only limited to solving specific legal problems is an outdated approach. Luminance provides lawyers with an end-to-end solution that allows them to get to the heart of the business or investigation with unmatched speed and insight. ”
Luminance is used by over 300 law firms and organizations worldwide, including all of the Big Four accounting firms and over a fifth of the Global Top 100 law firms.
About the luminance
Luminance is the leading artificial intelligence platform in the legal profession. Founded by mathematicians at Cambridge University, Luminance developed the Legal Inference Transformation Engine (LITE), the first real application of machine learning in the legal industry. It combines pattern recognition technology with supervised and unsupervised machine learning to read and understand human language. Luminance is used by law firms and internal teams in over 50 countries around the world to improve processes such as due diligence, contract negotiations, regulatory compliance reviews, property portfolio analysis and eDiscovery. The company has offices in London, Cambridge, New York and Singapore.
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