To help legal teams combat enterprise amnesia and gain time back, Luminance has unveiled an institutional memory update to its legal AI.
Earlier this week, Luminance launched what it said is the largest update to its legal-grade AI platform in the company’s 10-year history. The update, the provider said, introduces new architecture that retains negotiation history and legal decision making across all enterprise contracts, addressing a longstanding gap in contract systems that captured outcomes but lost the context behind decisions.
The platform now connects the context for contract negotiations, workflows, and analysis across the entire enterprise portfolio, and the update is the result of collaboration with design partners, including Deloitte, Quantinuum, Ingram Micro, and Baringa.
New features include: negotiation AI, workflow orchestration, contract intelligence, and Ask Lumi – a conversational AI assistant available throughout the platform, delivering cited answers from first review through portfolio insight.
Luminance chief executive Eleanor Lightbody (pictured) said: “Enterprise amnesia is real, and it’s costly.
“Whenever it’s time to renegotiate a contract, executives ask: who agreed to this, and why? Current AI systems are helpful in moments but disconnected over time. Our new platform remembers, reasons, and stays with the work in perpetuity, which distinguishes it from anything else on the market.”
Institutional memory, she went on, transforms legal AI from a legal tool into the central brain for the entire enterprise.
Luminance’s general counsel, Harry Borovick, said: “For a decade, Luminance has cut contract negotiation time by 70–80 per cent.
“With this relaunch, that jumps to 90 per cent, not only that – but with institutional knowledge for contracts now available throughout the enterprise legal teams can gain over 30 per cent of their time back.”
Deloitte Legal Australia technology director Peter Lang said: “There have been great strides in AI technology in the last 12+ months. The development in the Luminance platform, including Lumi, that enables contract analysis and drafting using natural language querying and prompting right where professionals are doing their contracting work.
“It’s exciting to be involved with this new technology, which is rapidly changing the ways of working in the legal space.”
Quantinuum director of legal and compliance operations Claire Eldridge said: “Being able to use natural language to surface our contract data from both the repository and matters under negotiation has revolutionised the way we work and the speed at which we can do it.
“We no longer have to rely on manual processes across multiple tools or spend time searching through individual documents; the answer is there when we need it in a format appropriate to the circumstances.”
Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
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