Finnish law firm TRUST. has signed up with UK-based legal AI company, Luminance, to streamline its due diligence processes for M&A transactions.
In a statement Luminance said that TRUST. was keen to incorporate AI doc review into its M&A department as soon as possible, in order to benefit from the technology’s ability to understand and analyse large volumes of contracts and other documents in any language.
Mika Lehtimäki, a partner at TRUST said: ‘Luminance’s technology is forward-thinking and effective. It allows us to focus more of our time and efforts into our client relations and make sure we provide our services in the most efficient way.’
Emily Foges, CEO of Luminance, added: ‘We are excited to be working with pioneering firms like TRUST.’
Luminance launched in September 2016 and now has customers for its AI due diligence tool in 15 countries. It has also scored several other law firm clients across the Nordic region.