World-leading law firm, Eversheds Sutherland, adopt Luminance across their Italian offices to meet their clients’ ‘AI expectations’
Global Top 100’ law firm, Eversheds Sutherland, are bringing the power of Luminance’s leading artificial intelligence platform to
Eversheds Sutherland Italy is one of the largest law firms in the region, offering first-class expertise to organisations across the globe. With a lot of the firm’s clients using technology to enhance their own business operations, the Italian law firm decided to adopt Luminance in order to transform painstaking manual review processes and deliver enhanced value to their tech-savvy clients. Impressed by the technology’s ability to deliver cost and time efficiencies in the UK practice and with an impending large-scale M&A due diligence project, Eversheds Sutherland Italy decided to deploy Luminance Diligence as it is the only solution on the market that can be used to recognise data sets in Italian, English and any other language.
Eversheds Sutherland Italy will now benefit from Luminance’s unique combination of both supervised and unsupervised machine algorithms which enable the technology to read and form an understanding of legal data with no machine training. Luminance is able to instantly surface key clauses such as ‘Change of Control’ and ‘Termination of Liability’ as well as datapoints and anomalies, becoming increasingly bespoke with continuing use. This is gamechanging for the firm and the wider Italian legal market who have previously had to invest a lot of time and resource into customising tools for the Italian language. This flexible approach will be vital for Eversheds Italy who are looking to implement Luminance’s technology across their entire legal practice, including for lease portfolio analysis, the review of credit agreements and employment contracts.
Riccardo Bianchini Riccardi, Executive Partner and Head of Corporate at Eversheds Sutherland Italy, comments: “AI technology is coming of age in the legal industry and as a world-leading law firm, adopting first-class technology like Luminance is pivotal not only for our firm, but for the progression of the industry as a whole. Our clients expect us to be using AI on their legal matters and Luminance will help us to deliver added insight to the advice we give, in a fraction of the time.” He continues, “Document review tools have, until now, been slow to penetrate the Italian legal market due to their lack of flexibility. Luminance allows us to work seamlessly with our Italian documents, enabling us to expose hidden risks and key pieces of information to our clients at ‘superhuman’ speed.”
Luminance’s CEO, Eleanor Weaver, continued, “Luminance’s AI platform is fundamentally enhancing the everyday practice of lawyers from across the globe and it is very exciting to have another forward-thinking firm on board. In an increasingly fast-paced and competitive legal environment, there is no better time to adopt technology that allows lawyers to perform rapid and insightful analysis to their clients.”
Luminance is currently used by over 300 law firms and organisations in 55 countries, including all of the ‘Big Four’ accounting firms and over one-fifth of the ‘Global Top 100’ law firms such as Mayer Brown, Holland & Knight and Bird & Bird.
About Eversheds Sutherland Italy
Eversheds Sutherland in Italy was founded more than 44 years ago and now has more than 80 lawyers with offices in Milan and Rome. The Firm offers a comprehensive legal service to national and international clients while, also benefiting from being part of Eversheds Sutherland’ international network, the firm is able to offer seamless cross-border advice on multi-jurisdictional matters. The teams of lawyers operate seamlessly to deliver the legal know-how and strategic alignment that clients need from their advisors to help further their business interests.
Luminance is the leading artificial intelligence platform for the legal profession, with over 300 customers in more than 50 countries. Luminance’s machine learning technology reads and forms an understanding of documents, helping lawyers to perform the most thorough and rapid document reviews across practice areas including due diligence, contract negotiation, regulatory compliance reviews, property portfolio analysis and eDiscovery. Luminance has offices in London, Cambridge, New York and Singapore.
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release World-leading law firm, Eversheds Sutherland, adopt Luminance across their Italian offices to meet their clients’ ‘AI expectations’ here
News-ID: 2260293 • Views: 543
More Releases from Luminance
AI is crucial for attracting and retaining young talent, says top UK lawyers
23 February 2021 - The adoption of artificial intelligence technologies is critical for ensuring the legal profession continues to attract and retain the best young talent, says top lawyers from leading law firms Slaughter and May, Dentons and Burness Paull. While speaking at a webinar hosted by Luminance, the flagship AI company that is transforming the way lawyers work, Jan Smit, Knowledge and Innovation Manager at ‘Magic Circle’ law firm Slaughter
More Releases for Eversheds
Significant Legal Win for "David" Canadian Corporation in London Court
Global Energy Horizons Corp (GEHC) an alternative energy corporation headquartered in Victoria, British Columbia, Canada has won a significant Judgment against The Winros Partnership (formerly Rosenblatt Solicitors) a City of London based law firm. GEHC’s claims are related to the legality and enforceability of three Conditional Fee Agreements (CFAs) alongside several misconduct allegations against Rosenblatt. A CFA is a contingency agreement between a law firm and its client whereby the
Corporate Secretarial Services Market Demand, Growth Prospects and Key Vendors: …
Corporate Secretarial Services assists clients to manage and mitigate risks of corporate non-compliance. Innovative techniques coupled with years of professional experience help ease administrative burdens across functional and geographical boundaries. The corporate secretarial services help in efficiently handling the administrative functions. The corporate secretarial services companies provide a competent workforce for handling the administration-oriented functions and reduce the risks of non-compliance or errors. Corporate Secretarial Services market: Company Coverage: TMF Group, PwC,
Corporate Secretarial Services Market Competitive Analysis from 2019 to 2024: PK …
Meticulous hard work of skilled forecasters, well-versed analysts and knowledgeable researchers gives outcome of such premium Corporate Secretarial Services market research report. This report identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the market for Service industry. The report offers wide-ranging statistical analysis of the market’s continuous developments, capacity, production, production value, cost/profit, supply/demand and import/export. A numerous markets, marketing strategies, trends, future products
Huge Demand of Trust And Corporate Service Market in upcoming year 2019-2025 by …
Research N Reports has introduced a new report name as Trust And Corporate Service Market which is a widespread summary of the market that consists of a detailed description and analysis based on the various types of products available in the market and also has the different end users. The report has statistics on the leading regional segment and is studied from a global outlook and its progress in regions
Corporate Secretarial Services Global Market 2018: Key Players – TMF Group, Pw …
Corporate Secretarial Services Industry Description Wiseguyreports.Com Adds “Corporate Secretarial Services -Market Demand, Growth, Opportunities and Analysis Of Top Key Player Forecast To 2023” To Its Research Database This report studies the global Corporate Secretarial Services market size, industry status and forecast, competition landscape and growth opportunity. This research report categorizes the global Corporate Secretarial Services market by companies, region, type and end-use industry. This report studies the Corporate Secretarial Services market, Corporate Secretarial Services
Global Corporate Secretarial Services Market 2018 Analysis Of Global Size, Growt …
The global Corporate Secretarial Services market will reach Volume Million USD in 2018 with CAGR xx% 2018-2025. Corporate Secretarial Services Market assists clients to manage and mitigate risks of corporate non-compliance. Innovative techniques coupled with years of professional experience help ease administrative burdens across functional and geographical boundaries. Ask for PDF Sample with Full TOC at http://orbisresearch.com/contacts/request-sample/2181429 The main contents of the report including: Global market size and forecast Regional market size, production data