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
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
Pricing
Who uses Luminance?
Features and Benefits
AI-Powered Contract Negotiation
Utilizes AI to assist in the negotiation process of contracts, potentially reducing time and increasing efficiency.
Intelligent Contract Repository
Organizes and stores contracts in an accessible format, offering insights and a single source of truth for the organization.
Legal-Grade Chatbot
Provides Q&A and automated redrafting functionalities, tailoring interactions specifically to legal needs.
Compliance Automation
Automates compliance checks, ensuring contracts meet necessary legal standards without manual oversight.
Integration with Existing Tools
Seamlessly integrates with tools like MS Word and Outlook, making adoption straightforward for legal teams.
Integrations
Target Audience
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.
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