LegalTech at Simont Braun – Adoption of machine learning platform Luminance
Estimated time to read this article2 min
Date of publication30 April 2020
CategoriesBanking, Finance and Insurance, Corporate M&A and Capital Markets
Leading Belgian law firm Simont Braun takes a step forward into LegalTech with Luminance. This ground-breaking AI application enables legal counsels to review large volumes of documentation with an instant insight into their content, improving and accelerating processes such as due diligence and regulatory compliance reviews.
Simont Braun decided to engage Luminance after a successful two-week pilot trial with the platform. Luminance’s core technology, ‘LITE’ (Legal Inference Transformation Engine), uses a unique combination of supervised and unsupervised machine learning, which enables the user to detect critical information in a massive volume of contracts very efficiently. Luminance is also language and jurisdiction-agnostic, allowing the lawyers to work seamlessly across French, Dutch and English documentation.
Axel Maeterlinck, Corporate / M&A Partner at Simont Braun, comments: “Luminance goes above and beyond other platforms on the market. We can now review an entire set of documents at a glance and, hence, ensure a quicker and more efficient analysis while being sure that nothing has been missed. This is a significant added-value for our clients.”
Emily Foges, Luminance’s CEO, is delighted to have such a forward-thinking firm on board: “Firms are under a lot of pressure to constantly adapt and adhere to their clients’ demands. With Luminance, law firms like Simont Braun can stay ahead of the game by providing the best possible legal representation to their clients.”
In just over three years, Luminance has established itself as the world-leading artificial intelligence platform for the legal profession. Now in use in over 80 languages, Luminance’s flexible machine learning is integral for firms like Simont Braun seeking to innovate their legal services.
About Simont Braun
Simont Braun is an independent business law firm which provides a broad spectrum of legal services, including Corporate / M&A, Banking and (Digital) Finance, Real Estate, Intellectual Property, Dispute Resolution, Tax and Employment Law. Based in Brussels, Simont Braun currently houses 45 lawyers. Simont Braun is recommended by Chambers and Partners and The Legal 500.
Luminance is the leading artificial intelligence platform for the legal profession. Founded by mathematicians from the University of Cambridge, Luminance has developed the Legal Inference Transformation Engine (LITE), the first true application of machine learning to the legal industry, combining pattern-recognition technology with supervised and unsupervised machine learning to read and understand human language. Luminance is used by law firms and in-house teams in over 48countries around the world to improve processes such as due diligence, contract negotiation, regulatory compliance reviews, property portfolio analysis and eDiscovery. The company has offices in London, Cambridge, New York and Singapore.