Rajah & Tann Asia has adopted Luminance’s artificial intelligence technology to enhance its due diligence processes for M&A transactions following a competitive selection process. This marks another major win in Asia for the fast-growing AI platform.
Rajah & Tann Asia, one of the largest legal networks in the region with over 600 lawyers in 10 countries, selected Luminance after recently completing a successful pilot of the technology, which allowed its corporate teams to review large numbers of contracts in an M&A transaction more efficiently than had been possible with manual review alone. The network selected Luminance due to its ability to quickly understand and prioritise a data room by pinpointing key areas of potential interest, enhancing its ability to deliver higher-quality results to its international client base. Luminance’s reporting capabilities and built-in project management tools helped streamline the overall review process.
“Following months of investigation into legal AI solutions, we are delighted to have found a technology that is transforming the way in which lawyers conduct transactional work, particularly in the time-pressured field of M&A due diligence and initial public offerings,” said Lee Eng Beng, Senior Counsel, Chairman of Rajah & Tann Asia. “We are excited to work with a company which is revolutionising how due diligence and document review is conducted.”