United KingdomProfessional services2016 – ongoingSlaughter and May
Luminance for due diligence and internal document analysis
Slaughter and May extended Luminance beyond M&A due diligence into other practice areas
Problem
Legal due diligence required lawyers to scan large volumes of repetitive documents before analysing findings.
Approach
Slaughter and May helped test and develop Luminance's machine-learning document analysis software in 2016. Partner Sally Wokes subsequently reported use across practice areas and internal support teams.
Results
No published figures
Takeaway
The firm expanded an existing document-analysis tool into other work, although it disclosed no quantified savings.
Categories
- Industry
- Professional services
- Business function
- Finance, risk and legalInternal work and knowledge management
- Innovation type
- Process innovation
- AI technology
- Predictive analytics and ML
- Adoption
- Partner co-development
- Evidence
- Vendor case study
Sources
Source summaries
The firm described its involvement in testing and piloting Luminance. The release explained how machine learning supported legal document analysis.
Wokes described adoption across the firm's practice areas and support functions. She reported time savings and the ability to undertake additional projects without quantifying either result.
Full details are in the original sources.
