Luminance has launched a new AI-powered platform, Luminance Corporate, which aims to transform the way in-house lawyers understand, manage and negotiate their contracts. The tool will also automate a range of tasks to streamline the contract lifecycle process, from contract mark-up to drafting, version control and contract renewal.
With in-house teams around the world grappling with growing numbers of contracts stored across multiple repositories and increased pressure to comply with complex regulation, Luminance’s new Corporate product will allow in-house counsel to save time and resource, streamline legal processes and gain greater insight into their contractual landscape. Instead of manually sifting through contracts in order to identify and collate key information, Luminance’s AI-powered technology will give in-house teams immediate insight into their contracts, highlighting key features such as clauses, parties and Governing Law.
In-house lawyers will be able to tap into Luminance’s machine learning for contract analysis from within Microsoft … … weiterlesen →