25 July 2023 | Luminance, a global leader for legal process automation, today announced that ‘Big Four’ professional services firm, Deloitte Australia, had selected Luminance’s award-winning AI as key technology solution within their legal operations managed services practice.

The establishment of the working alliance is part of a wider trend in the evolving legal landscape: the continued rise in the demand for managed services and legal operations service offerings to drive efficiencies, simplify communications to and from legal departments, and enable legal counsels to focus on providing strategic advice. Deloitte’s Deloitte Legal Operate provides specialised legal and regulatory services with improved cost efficiency for its clients, and reduces time spent on repetitive and administrative tasks through clear protocols, processes and technology.

Using Luminance’s intelligent contract repository and unsupervised learning capabilities, organisations can thoroughly interrogate their contract data, address backlogs of work, and provide more informed and data-driven business recommendations with a critical focus on cost and time-saving operations.

Eleanor Lightbody, CEO of Luminance, said: “We are excited to see the value that Luminance will deliver for Deloitte Australia. ALSPs like Deloitte have always been ahead of the curve when it comes to embracing next-generation technologies in order to optimise the client experience. Leveraging Luminance’s data-driven insights will ultimately give them a more holistic picture when making decisions, which is essential for businesses operating in today’s complex regulatory landscape.”

ENDS

About Luminance

Luminance is the world’s most advanced AI technology for the legal processing of contracts and documents. Founded by mathematicians from the University of Cambridge, Luminance’s AI reads and forms a conceptual understanding of documents in any language. Luminance uses this understanding to augment the spectrum of legal matters, from AI-powered contract drafting, negotiation and review to investigations and eDiscovery. Luminance is trusted by over 500 customers in 60 countries, including all of the Big Four consultancy firms, a quarter of the world’s largest law firms and multinational organisations.