British legal tech firm, Luminance, has recently entered a partnership with LG Chem, the science and chemical arm of LG Corp. With this agreement, Luminance’s AI technology will aid the South Korean company in speeding up and improving the quality of its contracts. LG Chem’s objective with this implementation is to reduce the time taken for contract reviews while maintaining a high-standard of compliance and consistency across its team describes Law.com International.
LG Chem makes history as the first Korean business to adopt Luminance’s corporate product. This forms a part of a growing trend in the legal industry, where AI tools are being increasingly used to streamline and automate routine tasks, thus enabling legal professionals to focus on more strategic and analytical duties.