Luminance

Luminance is an AI-powered software that automates the generation, negotiation, and analysis of contracts. It uses a proprietary legal Large Language Model (LLM) developed by world-leading AI experts and validated by lawyers. Luminance's advanced technology combines generative and analytical AI to ensure legal rigour. The software offers features such as AI-driven negotiation, a 'legal-grade' chatbot, and business-wide automation.

Key Features:

1. Legal LLM: Luminance utilizes a Legal Pre-Trained Transformer (LPT) technology informed by over 150 million verified legal documents. Unlike generalist AI technologies, Luminance's Legal LLM provides specialized legal knowledge for contract generation, analysis, and understanding.

2. AI-Driven Negotiation: With Luminance's AI-powered negotiation feature, users can automate the negotiation process of contracts. The software analyzes clauses and terms to provide insights on potential risks or issues during negotiations.

3. 'Legal-Grade' Chatbot: Luminance includes a chatbot that acts as a trusted co-pilot for legal teams. This chatbot assists with Q&A sessions related to contract drafting or redrafting processes while ensuring compliance with relevant laws and regulations.

Use Cases:

1. Contract Processing: Luminance streamlines contract processing by automating tasks such as contract generation from standardized templates to signature stages. This saves time spent on administrative tasks and reduces outside counsel spend.

2. Contract Review: The software enables automated contract review through its diligence feature which detects anomalies in contracts quickly using predefined concepts or user-defined additions. It ensures clause compliance and document accuracy while reducing review time significantly.

3.eDiscovery: For end-to-end eDiscovery processes, Luminance offers powerful searching capabilities powered by artificial intelligence algorithms that understand conceptual data relationships quickly for efficient coding purposes.

Conclusion:

Luminance is revolutionizing the way legal teams handle contracts by leveraging AI technology. Its advanced features, including AI-driven negotiation, a 'legal-grade' chatbot, and business-wide automation, streamline contract processes and save time and costs for legal teams. With its specialized Legal LLM and powerful workflow tools, Luminance provides best-in-class security while maintaining compliance with existing institutional knowledge. By automating contract generation, review, and eDiscovery processes, Luminance empowers legal professionals to work more efficiently and effectively in today's fast-paced legal landscape.