Luminance, the pioneer in Legal-Grade™ AI, today announced that In-House Legal Solutions (“IHLS”), has adopted its next-generation AI to expedite contract review and data extraction, improving speed and enhancing efficiency across the organisation.

IHLS is an innovative legal services business which provides outsourced in-house legal services to business and in-house legal teams in the UK. The team understands the importance of adopting innovative strategies to stay current in the ever-evolving legal industry, and they identified AI as an essential area of technological investment for the company.

Luminance stood out to the team at IHLS as an end-to-end AI tool. Luminance allows the team to streamline the entire contract lifecycle, from contract generation and negotiation to post-execution analysis.

With the aim of deploying AI to assist and enhance the day-to-day work of their lawyers, Luminance is enabling the IHLS team to reduce time on manual, resource-heavy tasks such as client data extraction, fact-finding and reporting. IHLS is using Luminance’s AI-powered repository to instantly surface critical data points and key clauses across client contracts, enabling the team to significantly reduce time configuring reports. They are now able to offer one-off diligence projects and repapering exercises, generating more revenue. By providing efficient services, they are transferring the benefits of Luminance’s AI onto their clients, saving them time and money.

With Luminance’s Legal-Grade™ AI at their fingertips, both the lawyers and management team at IHLS are handling larger scales of documents and data and can now spend more time on rewarding, high-value work. Furthermore, the IHLS team is using Luminance’s Traffic Light Analysis functionality to negotiate contracts with suppliers and to expedite reporting.

“The integration of AI for IHLS is no longer a futuristic concept but has become a necessity in our strategy. It has revolutionised the way we deliver our project work and efficiently assisted with fact-finding and data extraction exercises,” said Brian Noon, Director and Co-Founder of IHLS. “Our overall aim for using Luminance is to merge the efficiency of AI with the expertise of our in-house law professionals, and we are excited to see how Luminance’s cutting-edge AI can help us to set a new standard in legal services and enhance our ability to serve our clients better.”

“We are delighted to welcome IHLS as our latest partner”, said Eleanor Lightbody, CEO of Luminance. “Luminance’s specialist AI is essential to foster business growth and safeguard their future in the legal industry, which is increasingly competitive and reliant on new technologies.”

ENDS

About IHLS

In-House Legal Solutions is an innovative legal services business which provides outsourced in-house legal services to business and in-house legal teams internationally, with a particular speciality in financial services.

Their team of in-house lawyers provides a holistic range of solutions from on demand contract negotiation, data protection solutions, volume contract review services, employment and support for financial services. They also provide optimisation consultancy services advising on best practice when running legal teams and can provide a fully outsourced legal team including a fractional GC. This one-stop-shop approach Staffed by a team of experienced in-house lawyers, In-House Legal Solutions provides relevant cost-effective support.

About Luminance

Developed by AI experts from the University of Cambridge, Luminance’s Legal-Grade™ AI automates and augments every touchpoint a business has with its contracts. Its Mixture of Experts approach - known as the “Panel of Judges” - uses probabilistic consensus to ensure legal-grade accuracy during contract generation, negotiation, and post-execution analysis. Trusted by over 700 customers in 70+ countries including a quarter of the world’s largest law firms and multinational organisations across industries, from AMD and National Grid to LG Chem and DHL, Luminance’s end-to-end platform brings specialist AI to wherever computer meets contract.