McCullough Robertson has deployed Luminance’s machine learning technology for due diligence in corporate M&A transactions.
Luminance’s ground-breaking artificial intelligence technology offers a faster and more comprehensive way of conducting due diligence. Using sophisticated machine learning algorithms, Luminance provides an immediate and global overview of any body of legal documents, identifying patterns and pinpointing warning signs without the need for instruction.
McCullough Robertson’s decision reflects their reputation as a leader amongst Australian law firms and a pragmatic, business-orientated firm. “Our adoption of Luminance helps us deliver solutions that break with industry norms and unlock new opportunities and value for our clients.” said Kim Trajer, Chief Operating Officer at McCullough Robertson.
McCullough Robertson were keen to implement Luminance as soon as possible. Partners were aware of Luminance’s increased presence in the Asia-Pacific market, especially Australian firms. McCullough Robertson aims to maintain their position as a dominant force in the region’s legal market – particularly in capital markets, corporate M&A and commercial dealings – and recognises machine learning technology is becoming necessary for firms to remain competitive.
“We see the insight and efficiency gains that Luminance delivers,” said Ron Dutta, Director of Information Technology at McCullough Robertson. “We’re excited to adopt Luminance and manage document reviews with a truly global view of the data room.”
“McCullough has a reputation for providing first-class advice on the Australian market” said Emily Foges, Luminance CEO. “Luminance efficiently guides the lawyer’s review and presents key information in an intuitive way, meaning more time to articulate advice for the client and analyse risk.”
Luminance has completed over 200 transactions and has customers in 16 countries since launching in 2016, including Gilbert + Tobin, Corrs Chambers Westgarth, Chapman Tripp and Rajah & Tann.
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