Cravath, Swaine & Moore has joined the growing ranks of elite law firms turning to artificial intelligence in an attempt to cut costs and improve efficiency by signing a deal with British software company Luminance.
London-based Luminance is part-owned by Slaughter and May, a Magic Circle firm that frequently works together with Cravath on cross-border transactions. Slaughter and May, which began working with Luminance last year, also reportedly took a 5 percent equity stake in the business in return for help in developing its own AI software.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
