AI News: Luminance announces deal with Moll Wendén Advokatbyrå
Swedish law firm Moll Wendén Advokatbyrå has chosen Luminance’s artificial intelligence technology to improve the contract review process for its work in Mergers and Acquisitions (“M&A”) transactions.
Recently named one of Sweden’s top five ‘most modern law firms 2017’ by Regi Research & Strategi, a Swedish consultant, Moll Wendén’s decision to deploy Luminance demonstrates its commitment to extending its position as a leading firm in the Swedish legal profession.
Luminance was installed into Moll Wendén’s system and the firm’s team was able to start utilising the language-agnostic technology immediately. Luminance is able to organise a data room and carry out a document review at high-speed, reducing the number of hours of manual input required to complete a typically large-scale M&A transaction.
“At Moll Wendén, we are dedicated to delivering optimal solutions to our clients and Luminance’s platform enhances our ability to do so,” said Martin Morén Jönsson, Partner at Moll Wendén. “The AI technology is easy to use and effective. We believe that its proficiency at data room analysis will improve the efficiency of our M&A team by enabling our lawyers to focus on detailed reviews and, thus, making the due diligence review more cost effective for our clients.”
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