Quick Overview
Slaughter and May adopted Luminance AI, which uses NLP and contract automation to extract key clauses and terms from contracts, accelerating due diligence processes in mergers and acquisitions by improving risk assessment and compliance checks.
Slaughter and May
Company Size
~1,000 employees
Revenue Range
Not publicly disclosed
Primary Challenge
Reducing due diligence time and improving accuracy in M&A transactions
Key Metrics
\- 75% reduction in due diligence time\- Accelerated M&A deal closings\- Enhanced risk assessment and compliance
The Problem
Manual contract review was slow and resource-intensive
The Solution
Implemented Luminance AI for automated contract analysis and clause extraction
Results
\- Faster transaction timelines\- Improved risk management\- Higher compliance standards
Details
Industry
Legal
Departments
Legal & Compliance
Knowledge & Information Management
Use Cases
Contract Management
Data Analysis
Tags
NLP
Machine Learning
Time-Saving
Improved Accuracy
Legal Teams
AI Tools Used
No items found.
Sources
https://redresscompliance.com/top-15-real-life-use-cases-for-ai-in-the-legal-industry/https://www.vktr.com/ai-disruption/5-ai-case-studies-in-law/
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