Catch up on our fireside chat with Jones Day and AI platform Luminance
In case you missed it, here's the recording for our chat with Luminance and Shannon Finch from Jones Day on the future of M&A law technology
Watch the recording
The stellar line up included Shannon Finch, Partner at Jones Day, Priya Bains, Head of Product, and Frederick Goddard, Legal Product Expert from Luminance, and Ansarada's Chief Commercial Officer | Chief Legal Officer Natasha Davidson.
Luminance’s integration with Ansarada's Virtual Data Room, is bound to be useful for lawyers currently engaging in M&A activity, not only expediting dealmaking but also ensuring teams can collaborate successfully during this period of remote working.
Luminance’s unique blend of supervised and unsupervised machine learning reads and forms an understanding of documents within a dataset. After analysing documents, Luminance tags key information such as contract type, dates, parties, governing law and clauses. Luminance also flags anomalies to the lawyer so that they can prioritise potential risks at the beginning of the review. Luminance can be deployed instantly via the cloud with users typically working on their first review within 30 minutes, and lawyers see average time-savings of 50% on the very first day of review. Luminance is used by over 250 law firms and organisations globally, including one-fifth of the Global 100 Law Firms and all of the Big Four accounting firms.
Luminance’s advanced technology complements the existing suite of Ansarada AI tools, including the Bidder Engagement Score to predict outcomes with 97% accuracy by day 7 of a deal, and Smart Sort document organization. Ansarada’s new Redaction feature - launching this month - will round out this set of tools for the most secure and efficient legal due diligence process.