Maddocks has adopted an artificial intelligence (AI) platform to assist in streamlining due diligence processes

The firm has signed on to use the market-leading Luminance AI platform to provide due diligence review support on corporate transactions. Maddocks partner Ron Smooker, whose team participated in a detailed trial of the platform, said the platform provided significant improvement in the speed and accuracy of the due diligence process. ‘We have been looking for an AI tool to help to continue to streamline our due diligence processes and Luminance provided the solution we were looking for,’ Ron said. ‘The platform provides our lawyers with an instant insight into the data room, allowing us to structure our review and deliver […]

McCullough Robertson adopts Luminance’s artificial intelligence technology

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.” […]

Gilbert + Tobin adopts Luminance’s artificial intelligence technology

Leading Australian law firm Gilbert + Tobin has adopted Luminance’s artificial intelligence technology to enhance its due diligence processes for M&A transactions. This is another major win for Luminance, the fast-growing AI platform that already counts the UK’s Slaughter and May and Spain’s Uría Menéndez as clients. Gilbert + Tobin, recently named the most innovative law firm in the Asia-Pacific region, will benefit from the technology’s language-agnostic ability to understand the contents of a data room much faster than humans can, freeing up its expert lawyers to spend more time on evaluation. Lawyers will be able to advise their clients […]