Luminance expands AI offering with in-house-focused contracting platform

In-house legal teams including Vodafone, Featurespace and Ferrero are using London-based legaltech firm Luminance's new artificial intelligence platform to help their departments get a better grip on their contracting issues. The platform – Luminance Corporate – streamlines the contract lifecycle process by automating contract drafting, version control and renewal, enabling in-house lawyers to better understand, manage and negotiate their contracts. The platform's AI capabilities also provide insights on those contracts, meaning lawyers don't have to manually search for key information. Rosemary Martin, group general counsel and company secretary at Vodafone, said: "Good technology can make a really positive difference in corporate legal departments. Being able to rapidly analyse contracts and display critical information means lawyers no longer have to waste time trawling through their contracts."