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Luminance

Luminance

Enhancing legal contract processes with AI technology.

Luminance

About

Luminance is an AI-driven platform designed to streamline and enhance the processes involved in managing legal contracts across enterprises. It uses a proprietary Legal Large Language Model, developed by experts from the University of Cambridge, to automate routine contracting work, improve visibility and compliance, and reduce costs associated with external legal expertise. The tool's AI capabilities include automated contract generation, AI-powered negotiation, intelligent repository for contract storage and insight, and a legal-grade AI chatbot for Q&A and redrafting tasks. Trusted by over 700 organizations, Luminance significantly boosts efficiency in contract processing, providing robust security and scalability with integrations into MS Word and Outlook, Salesforce, among others.

Competitive Advantage

Combines advanced legal AI with seamless integration to enhance contract processes enterprise-wide.

Use Cases

Contract negotiation
Compliance checks
Document automation
Legal Q&A
Repository management

Pros

  • Advanced legal AI capabilities
  • Seamless integration with existing tools
  • High compliance and security standards
  • Time and cost savings

Cons

  • Potential complexities in setup
  • Requires legal expertise to optimize
  • Dependence on external integrations
  • May not suit very small legal teams

Tags

Legal AIContract ManagementComplianceDocument AutomationEnterprise AI

Pricing

Free

Features and Benefits

AI-Powered Contract Negotiation

Utilizes AI to assist in the negotiation process of contracts, potentially reducing time and increasing efficiency.

4/5 uniqueness

Intelligent Contract Repository

Organizes and stores contracts in an accessible format, offering insights and a single source of truth for the organization.

3/5 uniqueness

Legal-Grade Chatbot

Provides Q&A and automated redrafting functionalities, tailoring interactions specifically to legal needs.

4/5 uniqueness

Compliance Automation

Automates compliance checks, ensuring contracts meet necessary legal standards without manual oversight.

5/5 uniqueness

Integration with Existing Tools

Seamlessly integrates with tools like MS Word and Outlook, making adoption straightforward for legal teams.

3/5 uniqueness

Integrations

MS Word
Outlook
Salesforce
Various VDRs

Target Audience

Enterprise legal departments

Frequently Asked Questions

Luminance is designed to enhance every touchpoint a business has with its contracts using AI technology.

Luminance ensures compliance by checking for non-compliance in contracts both pre- and post-execution.

Luminance integrates with MS Word, Outlook, Salesforce, and various virtual data rooms (VDRs).

Luminance users can be up-and-running without lengthy implementation or roll-out processes.

Luminance's technology is validated by leading lawyers and industry experts.