Luminance is redefining how businesses and legal teams manage contracts, offering a platform which brings Legal-Grade™ AI to every touchpoint a business has with its documents —from contract generation and negotiation to post-execution analysis.
Founded by mathematicians from Cambridge University, Luminance’s AI is underpinned by a proprietary legal Large Language Model which uses a combination analytical and generative AI to streamline legal processes. Operating in over 70 countries, with a clientele that includes each of the Big Four consultancy firms and some of the world’s largest corporations, Luminance is without a doubt at the cutting edge of legal AI.
Its slogan, “Wherever Computer Meets Contract,” aptly captures its mission: to integrate AI at every point where business meets legal documentation.
Wherever Computer Meets Contract
Luminance was developed by some of the brightest minds in AI to serve as a next-generation legal co-pilot. Unlike generalist AI models, Luminance was built specifically for the legal sector. It has been exposed to over 150 million legally verified documents, enabling it to offer precise, legally sound insights that businesses and law firms can trust.
Luminance doesn’t just analyze or produce content; it understands it. Whether it’s reviewing an incoming contract for compliance, flagging anomalies, or assisting with eDiscovery, Luminance provides an end-to-end AI solution that accelerates workflows and reduces risks. This explains why it is trusted by over 700 organizations worldwide, including multinational giants such as Hitachi, AMD, BBC Studios, Yokogawa, and Koch Inc.
As Your Legal AI Co-Pilot, the Essential Luminance Products Entail:
Luminance offers an array of AI-powered products designed to optimize various stages of legal work. These include:
- Luminance Corporate: Designed for end-to-end contract processing, it offers tools like automatic first-pass contract analysis, mark-up in MS Word, and AI-driven repositories for granular insight.
- Luminance Diligence: Automates contract review, instantly detecting anomalies and ensuring compliance with over 1,000 legal concepts recognized right out of the box.
- Luminance Discovery: Supports eDiscovery with AI-powered tools for conceptual data understanding, automatic PII detection, and rapid review capabilities using Technology-Assisted Review (TAR).
Together, these products provide a comprehensive toolkit for legal teams to enhance efficiency and reduce risks while maintaining high-quality output.
Key Features of Luminance
1. Legal Pre-Trained Transformer (LPT)
At the core of Luminance’s success is its LPT, the most advanced legal-specific Large Language Model available today. Unlike generalist models, Luminance’s LPT has been trained on millions of legal documents, giving it unparalleled accuracy and contextual understanding. This technology allows the platform to generate and analyze contracts with the utmost precision, providing legally rigorous outputs that firms can confidently use.
2. AI-Powered Negotiation
Luminance’s AI can do more than just draft contracts; it supports negotiation by identifying areas where contract terms deviate from previously agreed wording. Its intuitive Traffic Light Analysis functionality provides a visual indicator of risk, allowing legal teams to focus their attention where it is needed most. With just one click, users can bring third-party contracts in line with their company’s internal standards, ensuring compliance and reducing negotiation time by up to 90%.
3. Granular Insight Into Contracts
Luminance’s AI-powered contract repository is another standout feature, providing a centralized location for all executed and in-progress contracts. The repository instantly analyzes and displays critical information like contract terms, governing law, and clauses, allowing users to quickly gain a high-level understanding of their contractual landscape. Whether identifying risks or spotting business opportunities, this feature ensures no key information goes unnoticed.
4. Q&A and Automated Redrafting
Luminance’s Legal-Grade™ chatbot, Ask Lumi, takes AI assistance to the next level. Lawyers can ask natural language questions and receive legally accurate responses almost instantly. Need a clause redrafted? Ask Lumi can handle that in seconds. Whether it be summarizing a contract or generating compliant clause wording, the Ask Lumi chatbot offers a level of speed and precision that would take hours for a human to achieve.
Eliminate Contract Bottlenecks Across Your Business
Luminance doesn’t just cater to legal departments; its AI-driven tools empower non-legal teams to manage contracts in line with internal standards. Sales, Procurement, Finance, and HR departments can all benefit from Self-Serve, which enables first-pass contract reviews and automatic compliance checks. By distributing the workload across the business, legal teams can eliminate bottlenecks and accelerate time-to-signature.
The Benefits of Using Luminance
Luminance offers an array of benefits that extend beyond just speeding up the contract drafting process. Some of the most notable include:
- Automating Routine Work: By automating repetitive tasks, Luminance allows legal teams to focus on higher-value work, improving overall productivity.
- Improving Visibility: A single source of truth for all contracts ensures that deadlines, revenue opportunities, and obligations are never overlooked.
- Maintaining Compliance: Luminance ensures that contracts meet compliance standards both pre- and post-execution, helping businesses avoid reputational and financial risk.
- Reducing Spend: By improving efficiency and reducing reliance on outside counsel, Luminance can significantly cut legal costs.
And The Return on Investment?
The financial impact of adopting Luminance is hard to ignore:
- Avianca saw 90% time-savings on contract processing.
- Hitachi can take an NDA from generation to signature in as little as five minutes.
- IDEXX Laboratories reviewed 20,000 documents in 20 minutes to assess exposure to sanctioned entities, compared to weeks manually.
- Emma Sleep have seen a 100% increase in the number of contracts reviewed per quarter.
- LG Chem have cut contract review time by 30%, whilst using Ask Lumi in Korean.
- Shahin have reduced outside counsel spent by 90%.
- ProSapient redeployed their paralegal to higher-value tasks from day one.
Integration Into Your Business
Luminance is designed to integrate seamlessly into existing business systems. It connects with Microsoft Word, Outlook, Salesforce, and various Virtual Data Rooms, ensuring that legal teams can incorporate it into their current workflows with ease. Additionally, Luminance’s Legal-Grade™ AI—informed by millions of verified documents—ensures that the platform delivers the utmost legal rigour. To top it all off, Luminance’s ISO27001-certified security provides world-class protection for sensitive legal data.
Bringing Legal AI Into Focus
Luminance represents the future of legal work. By combining cutting-edge AI with the knowledge and expertise of industry-leading lawyers, Luminance offers businesses and law firms a smarter, faster, and more efficient way to manage their contracts. Whether you’re looking to automate routine tasks, improve compliance, or reduce legal costs, Luminance provides the tools to make it happen.
Still unsure if Luminance is the right fit? See the tool in action and discover how it can transform your legal processes:
