One of Singapore’s leading legal groups, Rajah & Tann Asia, has adopted legal AI company Luminance for its due diligence process work, in an important client win for the London-based pioneer.
The move follows Luminance’s win of another major Singapore firm, the Wong Partnership, last month, proving that South East Asia is more than ready to adopt legal AI technology. Luminance now has two major law firms in the city state, which continues to be an important legal centre for the region.
Rajah & Tann Asia is one of the largest legal networks in the region with over 600 lawyers in 10 countries. It selected Luminance after completing a pilot.
In a statement, Luminance said that it was selected because of ‘its ability to quickly understand and prioritise a data room by pinpointing key areas of potential interest, enhancing its ability to deliver higher-quality results to its international client base.’
The company also highlighted its reporting capabilities and built-in project management tools to help streamline the overall review process.
Lee Eng Beng, Senior Counsel and Chairman of Rajah & Tann Asia, said: ‘Following months of investigation into legal AI solutions, we are delighted to have found a technology that is transforming the way in which lawyers conduct transactional work, particularly in the time-pressured field of M&A due diligence and initial public offerings.’
‘We are excited to work with a company which is revolutionising how due diligence and document review is conducted,’ he added.
Emily Foges, CEO of Luminance, concluded: ‘We’re excited to have been selected by a firm with such an innovative outlook that truly understands how machine learning technology can enhance the quality of its lawyers’ work.’
The news also comes as Singapore’s legal tech incubator and support programme, FLIP, continues to grow (see story), in further evidence of the key Asian legal centre’s interest in New Wave legal tech.
1 Trackback / Pingback
Comments are closed.