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Luminance

Luminance- Features, Pricing & Use Cases

Luminance boasts a revolutionary legal-grade AI tool designed to optimize every intersection where computer meets contract. Validated by industry experts and used by top law firms, it employs advanced AI technology to generate, negotiate, and analyze contracts, offering an end-to-end solution for legal teams. Developed by mathematicians from the University of Cambridge, Luminance tailors to different tasks like corporate, diligence, and discovery practices, making it a versatile choice for professionals.

Unique to Luminance is its proprietary Large Language Model (LLM), which has been fed over 150 million verified legal documents. Not just an analysis tool, it also incorporates generative AI allowing it to compose, adjust, and understand contract content with rigorous legal precision. The built-in legal-grade chatbot makes it possible for users to ask detailed, language-specific queries and receive instant, legally sound responses. Users can even draft their own compliant contracts from approved templates, making it a powerful tool for business-wide automation.

Luminance fits well into the workflow with various integrations with existing tools like MS Word and Outlook, Salesforce, and others. It ensures not just prompt contract processing, but also beneficial outcomes including significant time savings, cost reduction, and increased contract review efficiency. It promises a secure, scalable, and fast solution with no downtime costs during upgrades or updates.

For those interested, Luminance offers live demos to provide a comprehensive understanding of how its legal AI can revolutionize their contract processes. Committed to empowering lawyers and legal teams, Luminance is a comprehensive AI-driven tool that streamlines the end-to-end contract process, promising fast, efficient, and legally rigorous results.

Features

  • Legal-Gradeโ„ข AI: Developed by mathematicians from Cambridge University, Luminance uses a proprietary legal Large Language Model (LLM) for the utmost legal rigour. The AI can generate, negotiate, and analyse contracts, providing you with an accurate analysis of each contract.
  • AI-Driven Negotiation: Luminance automatically highlights risk areas in any contract and can bring provisions inline with your preferred standards. This reduces time drains and helps eliminate contractual bottlenecks.
  • Legal-Gradeโ„ข Chatbot: The first-of-its-kind chatbot empowered with specialist AI. Users can ask natural language questions about their documents and get instant, legally accurate responses. The chatbot can even generate clause wording that finds the perfect middle ground between counterparty paper and their preferred position.
  • Business-Wide Automation:Non-legal teams can use Luminance's AI to draft their own compliant contracts from approved templates. Through Luminance Self-Serve, these teams can take a first review of third-party contracts where Luminance will highlight areas of risk and provide suggestions on how to align the documents with company standards.
  • Powerful Workflow Tools: Automate workflows around an organization with Luminance's user-friendly tools. You can quickly identify anomalies, automatically ensure clause and document compliance, and collaborate using their powerful tools.
  • Best-In-Class Security: Luminance is secured by a world-leading Security Advisory Board and is ISO27001 certified, providing you with trusted and reliable AI for all your legal needs.
  • Fully Integrated:Luminance can be fully integrated with MS Word, Outlook, Salesforce, and other VDRs. You can also request a brochure or a live demo to learn more about how Luminance can revolutionize your business's legal processes.

Pricing

  • Luminance Pricing will be based on usage and the suite of features needed like, Legal-Gradeโ„ข AI, automation of the generation, negotiation and analysis of contracts, AI-powered legal โ€œspellcheckerโ€ for traffic light analysis of any contract, and an AI chatbot for natural language questions and instant answers.
  • The pricing also includes features like Luminance Self-Serve for non-legal teams to take a first pass review of third-party contracts, automated contract processing, end-to-end Contract Processing and Automated Contract Review, and end-to-end eDiscovery.
  • The complete pricing package includes AI Chatbot for Q&A and automated redrafting, AI-driven repository for granular insight, automated contract drafting and process automation tools, and an instant anomaly detection with over 1,000 out-of-the-box concepts recognized.
  • Premium users can avail additional services like 100% money-back guarantee within a specified number of days from purchase, integrated services with MS Word and Outlook, Salesforce, and a number of VDRs, and also a team plan for multiple subscriptions, discounted pricing, and a single payment for easier management. The pricing varies based on users' needs, size of the operation and the level of services required.
Last Updated
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July 5, 2024 17:07

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