Top-tier Israeli firm Amit, Pollak, Matalon & Co. (APM & Co.) have adopted Luminance for M&A and Hi-Tech Investments due diligence, with plans to deploy the technology across real estate, labour law and infrastructure practices. They are among the first in the region to adopt the technology to aid in their document review process.
The nature of APM & Co.’s cross-border transactional work meant that Luminance’s unique language-agnostic capabilities were essential in their decision-making process. Luminance’s machine learning algorithms understand language based on pure mathematics, meaning lawyers can begin their review with no system training or configuration dependent on their data set. Luminance offers APM & Co. a tool flexible enough to deal with large volumes of documents in multiple languages.
“As a leading law firm we encounter cutting-edge technologies daily, and it is clear that the legal profession is facing major transformations.” comments Omar Bekerman, Partner at APM & Co., “By being early adopters we have a key advantage in a crowded market here in Israel and this builds on our reputation as innovators in the legal field. Through using the most advanced technology, our lawyers can spend more time on advice to complex legal and business issues and come up with creative solutions, or in other words – a more distinct and robust value proposition.”
Emily Foges, CEO of Luminance, adds “We are thrilled to be working with Amit, Pollak, Matalon & Co. as part of our expansion into the Middle East. Deploying Luminance will allow APM & Co. to develop their own unique learning within the platform, tailored to their firm, and experience the exponential benefits of our artificial intelligence technology.”
Luminance’s ground-breaking machine learning and pattern recognition techniques were developed at the University of Cambridge. The platform is able to read and understand documents the way humans do, at speeds which humans could never achieve, and has become the market-leader in legal AI in just under three years. Luminance provides unmatched insight into a document set as the unique technology learns from the interaction between the lawyer and the documents.
Luminance’s 150+ customers include 15 of The Global Top 100 law firms and offices of each of the ‘Big Four’ accountancy firms. The company recently won the award for Innovative Enterprise Product of the Year’ at the National Technology Awards 2019.
About Amit, Pollak, Matalon & Co
Amit, Pollak, Matalon & Co., based in Tel Aviv (APM & Co.), is a top-tier Israeli law firm, offering extensive knowledge and expertise in all areas of corporate and commercial law. With more than 60 years of experience and over 100 lawyers, the firm provides a complete package of legal services to Israeli and international clients across all business sectors. APM & Co. represents some of Israel’s leading enterprises including publicly traded corporations, industrial companies, real estate developers and contractors, private equity and venture capital funds, high tech companies, software houses, banking institutions, insurance companies and trade unions. APM & Co. is consistently recognised as an outstanding firm in leading international and local directories of the legal profession such as Chambers and Partners, Legal 500, Dun’s 100 and BDI Coface.
About Luminance
Luminance is the leading artificial intelligence platform for the legal profession. The technology builds on ground-breaking machine learning and pattern recognition techniques developed at the University of Cambridge to read and understand legal language much like the human brain. Luminance is used by law firms and in-house teams in over 40 countries around the world to improve processes such as due diligence, compliance reviews, property portfolio analysis and eDiscovery. Luminance has offices in London, Cambridge, New York, Chicago and Singapore.