Legal AI

Luminance Made £2.4m Revenue, With £5m Loss in 2019

19th November 2020 artificiallawyer 2

Legal AI doc analysis company, Luminance, has filed its accounts for 2019, showing that the fast growing company saw revenues last year of £2.356m, ($3.12m) – but also booked an operating loss of £5m ($6.62m). The figures paint a picture of successful global expansion, but also a business model that is rapidly burning through funding and generating only a modest average income per client.

Legal Tech Marketplace

How Does the Thomson Reuters Marketplace Work?

18th November 2020 artificiallawyer 2

Yesterday, Artificial Lawyer covered the news that Thomson Reuters had launched its own marketplace, which will promote not just products and templates built within the company, but also market other legal tech companies and the services of professional firms, such as KPMG. But how does it all work? Artificial Lawyer dug into the Terms & Conditions to find out.

Legal Data Sharing

IBA + Jus Mundi Launch Arbitration Data Sharing Initiative

18th November 2020 artificiallawyer 0

The International Bar Association (IBA) and legal tech company Jus Mundi have launched a worldwide collaborative partnership to collect non-confidential commercial arbitration awards and make them easily accessible to the global legal community, in what is an important data-sharing project.

Product Walk Through

Della AI – Q&A Capability: Product Walk Through

16th November 2020 artificiallawyer 0

Della AI is a doc analysis company that has a strong focus on allowing lawyers to ask questions in natural language and get back a clear answer. The idea is that in real life, lawyers don’t think about contracts in terms of ‘extracting clause X or Y’, but rather just want to find the answer to a query.