Slaughters strikes deal with AI technology startup Luminance

Slaughter and May has signed a deal to use a new artificial intelligence (AI) system called Luminance which it helped create with backing from a technology investment company set up by Autonomy co-founder Mike Lynch. The firm worked closely with Luminance Technologies, which has been funded with capital from Invoke Capital, for several months to test and pilot the software Luminance claims will transform the due diligence process on M&A deals. The elite magic circle firm is the only law firm to have piloted Luminance prior to its launch, though several others are also interested in piloting the technology. Its expertise on deals and due diligence was used to help improve the technology. Slaughters has signed a contract to use the technology going forward, though the details around this are not yet clear.