Luminance Automates Mergers With Robot Lawyer A.I.

Company mergers may not sound like the sort of thing that could be automated, but the truth is, not even a lawyer’s job is safe. Luminance, a UK startup, widely released an A.I. on Wednesday that can read through reams of papers and flag up potential issues during mergers and acquisitions. The system is capable of cutting down a lawyer’s workload significantly, leaving them with more time to focus on other tasks. “Legal due diligence is ripe for the revolution that artificial intelligence offers,” Steve Cooke, senior partner at Slaughter and May, told Bloomberg. Cooke’s firm helped test out Luminance, finding that the system could undertake document reviews in half the time of traditional flesh-based lawyers. The system has attracted big names, with venture capital firm Invoke financing the project…

Link to Full Article: Luminance Automates Mergers With Robot Lawyer A.I.

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