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Luminance Partners with Al Masaood Group to Introduce AI-Powered Legal Operations

2 October 2024 |

Luminance, the pioneer in Legal-Grade™ AI, today announced that Al Masaood Group has adopted its technology to streamline contract management and reviews, offering greater flexibility, transparency, and efficiency across its businesses.

Al Masaood is one of Abu Dhabi’s highly diversified business conglomerates, managing a portfolio of 21 global brands across the automotive, industrial, and property verticals. With an expansive remit, Al Masaood is constantly looking for new ways to innovate and meet the needs of its stakeholders.

The Group will be using Luminance’s suite of AI-powered functionality to elevate the entire contract lifecycle and provide greater transparency into contractual data.

Ghadeer Ghadban, Group Legal Director, Al Masaood Group, said: “At Al Masaood, we're committed to delivering the top value to our internal and external stakeholders. The Group consistently supports innovative solutions that empower our teams to deliver quality results. Through the partnership with Luminance, new efficiencies will certainly be introduced, especially with the platform’s AI capabilities that can offer centralisation and transparency for all users. It will also add great value to the business through better streamlining of legal workflows and enhanced team time management and effectiveness."

As part of this partnership, Al Masaood will be rolling out Luminance’s Legal-Grade™ AI across the spectrum of contract types, from NDAs and Supply Agreements to Service and Sponsorship Agreements.

Luminance’s Traffic Light Analysis functionality automatically flags non-standard and risky clauses within a contract and then provides alternative suggestions to bring them into line with contractual standards. Furthermore, with a single click, any user can now understand the negotiation status of each contract, improving collaboration for the whole team.

By automating routine tasks, Luminance AI allows the Legal Department to focus on more complex legal matters, ultimately saving time and improving accuracy and effectiveness.

With multiple stakeholders across the business, Luminance’s AI-powered repository centralises key enterprise knowledge, making all contracts and information easily accessible. By digitizing legal operations, the platform enables all parties to submit requests, track timelines, and access essential data, including contract deadlines, legal provisions, and contractual obligations. This centralised approach enhances data visibility and agility, facilitating more efficient operations, faster partnership onboarding, and improved client service.

Eleanor Lightbody, CEO of Luminance, added: “Al Masaood’s adoption of Luminance’s Legal-Grade™ AI will empower the team to drive efficiencies across the business. From contract drafting and negotiation to post-execution analysis, Luminance is a game-changing tool for a leading business like Al Masaood. I’m thrilled to grow this partnership and am excited to welcome Al Masaood to the Luminance family.”

ENDS

About Al Masaood Group

Established in 1970, Al Masaood Group is a family business that operates 21 global brands, contributing extensively to the success story, economic growth, and diversity of the region. With three main verticals - automotive, industrial, and real estate - Al Masaood is a trusted partner for both public and private sectors in Abu Dhabi.

Aligned with the UAE's strategy for sustainable growth and economic diversity, Al Masaood provides a wide range of industrial solutions across strategic sectors, including utilities, marine, heavy equipment & machinery, logistics, and modular construction. It also caters to various retail sectors, such as automotive and accessories.

Al Masaood takes pride in its diverse workforce, consisting of employees from over 50 nations. The Group has received recognition as one of Forbes' Top 100 Arab Family Businesses for four consecutive years. Emiratisation is a top priority for Al Masaood, and the Group actively promotes vocational training programs to enhance the skills of Emiratis.

As part of its commitment to sustainability, Al Masaood has introduced the UAE's first locally manufactured off-grid solar charging solution for electric vehicles and hybrid marine vessels. The Group actively collaborates with the Abu Dhabi government and supports community-driven initiatives in the capital.

About Luminance

Built on a proprietary legal Large Language Model (LLM), Luminance’s specialised legal co-pilot brings next-generation AI to every touchpoint a business has with its documents, from contract generation to negotiation and post-execution analysis. Developed by world-leading AI experts, validated by leading lawyers, and in use by over 700 customers in 70 countries, Luminance is the pioneer in Legal-Grade™ AI: wherever computer meets contract.