What is Luminance?Luminance stands out as a revolutionary AI tool designed to transform the way legal professionals handle contracts. At its core, Luminance leverages a proprietary legal Large Language Model (LLM) to automate the generation, negotiation, and analysis of contracts with unmatched precision and efficiency. Developed by leading AI experts from the University of Cambridge and validated by top-tier lawyers, Luminance�s Legal-Grade� AI acts as a trusted co-pilot for any legal team, aiming to streamline workflows and enhance the decision-making process.
Key Features:Legal Pre-Trained Transformer (LPT): A cutting-edge Large Language Model specifically tailored for the legal industry, trained on over 150 million verified legal documents for supreme accuracy and reliability.AI-Driven Negotiation: Automatic analysis of contracts with a traffic light system to quickly identify risks and deviations from standard agreements, facilitating faster negotiations.Legal-Grade� Chatbot: An innovative chatbot that provides instant, legally accurate responses to queries, summarizes contracts, and offers automated redrafting for compliance and negotiation.Business-Wide Automation: Empowers non-legal teams to generate, negotiate, and amend contracts using AI, significantly reducing bottlenecks and accelerating contractual processes across various departments.
ProsEnhanced Efficiency: Dramatically reduces the time required for contract review and negotiation, allowing legal professionals to focus on more strategic tasks.Cost Reduction: Limits the need for external counsel by providing in-house teams with the tools to manage complex reviews, leading to significant savings.Scalability: Adapts to the needs of businesses of all sizes, from small legal practices to large multinational corporations.Data Privacy and Security: Ensures the highest standards of data protection, backed by ISO27001 certification and a world-leading Security Advisory Board.