Luminance Frequently Asked Questions:

Q: What type of documents can Luminance process? A: Luminance can process a wide range of legal documents, including contracts, agreements, and compliance documents. Its AI is trained on millions of verified legal texts to ensure accuracy. Q: How does Luminance ensure data security? A: Luminance is ISO27001 certified and has a world-leading Security Advisory Board to protect sensitive information and data shared on the platform. Q: Can non-legal teams use Luminance? A: Yes, Luminance is designed for business-wide automation, enabling non-legal teams across various departments to generate and manage contracts efficiently. Q: What is the onboarding process for new users? A: The onboarding process is designed to be quick and efficient, allowing users to familiarize themselves with Luminance without lengthy implementation periods.

Revolutionize Legal Processes with Luminance's AI Platform

Luminance Product Information

What is Luminance?

Luminance is a cutting-edge artificial intelligence platform designed specifically for the legal profession. It stands out with its proprietary Legal Pre-Trained Transformer (LPT) technology that has been exposed to over 150 million verified legal documents. Luminance's AI capabilities enhance every stage of contract management, from generation and negotiation to post-execution analysis. Trusted by over 700 organisations, Luminance brings unparalleled legal-grade AI to streamline contract processes, reduce risk, and improve compliance.

What are the features of Luminance?

Luminance offers a comprehensive set of features that empower legal teams to operate more efficiently. Key features include:

AI-Powered Negotiation: This feature acts as a legal "spellchecker," automatically identifying risk areas within contracts by providing a traffic light analysis. It enables quick adjustments to terms, ensuring compliance with internal standards.
Intelligent Contract Repository: The platform automatically extracts critical information from contracts, allowing legal teams to quickly assess over 1,000 legal concepts such as contract terms, clauses, and governing law. This feature promotes real-time insight into contract risks and opportunities.
Legal-Grade™ Chatbot: Ask Lumi, an innovative chatbot, allows users to pose natural language questions about their documents. It can summarise contracts, provide suggestions for redrafting clauses, and generates compliant language to help facilitate negotiations.
Business-Wide Automation: Luminance empowers non-legal teams such as Sales, Procurement, Finance, and HR to create, edit, and review contracts in alignment with company standards, drastically reducing legal bottlenecks.

What are the characteristics of Luminance?

Luminance's standout characteristics make it a vital tool for modern legal teams:

Robust AI Technology: Built on the expertise of leading mathematicians and validated by legal professionals, Luminance’s technology guarantees the highest standards of accuracy and efficiency.
User-Friendly Interface: Seamlessly integrated with familiar tools like Microsoft Word and Outlook, users can easily navigate the platform without extensive training.
Fast Onboarding: Legal teams can get up and running quickly, with no lengthy implementation periods required.
Scalability: Designed to grow with your organization, Luminance can handle any volume of contracts without compromising performance.

What are the use cases of Luminance?

Luminance finds diverse applications across various industries and functions:

Corporate Diligence: Luminance automates contract reviews and provides instant anomaly detection to ensure compliance and mitigate risks.
Discovery Processes: The platform accelerates eDiscovery workflows with AI-powered searches and conceptual data understanding, making it ideal for legal cases requiring large volumes of document analysis.
Contract Management: From standardised templates to complex negotiations, Luminance's features streamline the entire contract lifecycle, allowing legal departments to focus on higher-value tasks.
Multi-Language Support: Luminance's language-agnostic AI ensures it can be utilized across global teams navigating multiple jurisdictions.

How to use Luminance?

To effectively use Luminance, follow these steps:

Setup: Integrate the platform with existing tools like Microsoft Word and Outlook. Access the user-friendly interface to familiarise yourself with its capabilities.
Training: Participate in onboarding sessions to understand the full scope of features. Luminance provides resources to help users navigate its functionalities with ease.
Engagement: Begin by uploading contracts or utilizing the template library for contract generation. Use the Intelligent Contract Repository to extract necessary details.
Monitor and Adjust: Leverage the AI-Powered Negotiation capabilities to review contracts in real-time, making adjustments where necessary to align with internal standards.
Utilise Ask Lumi: Whenever questions arise, leverage the chatbot for quick answers to legal inquiries, facilitating efficient workflow.

Luminance FAQ

What type of documents can Luminance process?

How does Luminance ensure data security?

Can non-legal teams use Luminance?

What is the onboarding process for new users?

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