Luminance Lumi Go

A Luminance Lumi Go is a contract negotiation service that is a Luminance product.

• Context:
  • It can provide Contract Review through ai-powered analysis (to streamline contract negotiation processes between parties).
  • It can enable Contract Negotiation through counterparty collaboration.
  • It can automate Revision Feedback through real-time analysis.
  • It can suggest Alternative Language through ai-generated recommendations.
  • It can integrate with Microsoft Word for document editing.
  • It can facilitate Access Control through partial platform access.
  • It can support Workflow Integration through existing luminance platform.
  • ...
  • It can be a Basic Contract Review Tool
  • It can be an Advanced Negotiation Assistant, depending on its user permission level.
  • ...
• Examples:
  • Lumi Go (2024), launched with ai-powered contract negotiation and microsoft word integration.
  • Ask Lumi (2024), introduced as luminance first generative ai chatbot.
  • Agent Lumi (2024), deployed with autonomous decision making capability.
  • Luminance Platform (2023), enhanced with advanced ai capabilities.
  • Luminance Series B (2022), secured 40 million funding with slaughter and may backing.
  • ...
• Counter-Examples:
  • Kira Systems, which specializes in contract analysis and due diligence.
  • eBrevia, which focuses on document analysis and contract management.
  • ThoughtRiver, which emphasizes risk assessment and remediation guidance.
  • Eigen Technologies, which provides no-code platform for document processing.
  • Cognitiv+, which concentrates on document review and classification services.
• See: Ask Lumi, Agent Lumi, Contract Management System, AI-Powered Legal Tool.

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References

2024-12-11

• Perplexity.ai
  • Question: What are the key features and competitive landscape of Luminance's new Lumi Go contract negotiation tool? Please include information about its capabilities, technology background, and major competitors in the legal AI market.
  • Answer: Luminance, a U.K.-based legal artificial intelligence firm, has launched Lumi Go, a contract negotiation tool that enhances contract management by providing counterparties with controlled access to AI-powered capabilities.
    • Key Features:
      • Integration Features:
        • Seamless integration with Luminance users' existing workflow.
        • Controlled access to Luminance's platform through Microsoft Word.
        • AI-powered contract review and Ask Lumi chatbot functionality.
      • Negotiation Capabilities:
        • Real-time analysis of contract revisions.
        • Immediate feedback on acceptance likelihood.
        • AI-generated alternative language with higher approval probability.
    • Technology Background:
      • Recent Developments:
        • Agent Lumi launch in October 2024.
        • Ask Lumi deployment for Corporate customers.
        • $40 million series B funding with law firm backing.
    • Competitive Landscape:
      • AI-Focused Legal Tech:
        • Robin AI for contract review.
        • DeepJudge for knowledge search.
        • Eigen Technologies for data extraction.
      • Contract Management Specialists:
        • Summize for lifecycle management.
        • ContractPodAi for automation tools.
        • eBrevia for review services.
      • Document Analysis Solutions:
        • ThoughtTrace for review automation.
        • Cognitiv+ for review services.
        • iManage for document management.
  • Citations:

[1] https://www.law.com/legaltechnews/2024/12/11/luminance-launches-new-contract-negotiation-tool-lumi-go/
[2] https://www.law.com/legaltechnews/2024/10/22/luminance-launches-agent-lumi-expanding-on-its-gen-ai-chatbot-ask-lumi/
[3] https://www.artificiallawyer.com/2024/12/11/luminance-offers-lumi-go-auto-negotiation-capability/
[4] https://www.legaltech-talk.com/luminance-launches-lumi-go-powering-the-future-of-contract-negotiations/
[5] https://www.cbinsights.com/company/luminance/alternatives-competitors
[6] https://slashdot.org/software/p/Luminance/alternatives
[7] https://www.linkedin.com/advice/1/what-top-negotiation-software-options-contract-led8e

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