Luminance and IHLS – AI in Legal Services

In today’s fast-paced digital world, legal departments are increasingly adopting artificial intelligence (AI) tools to streamline operations, improve productivity, and provide greater value to clients. The integration of AI in legal services is no longer a futuristic concept but a necessity for firms like ours. With technologies like Luminance, we enhance our work by handling higher volumes, delivering more accurate results, and ensuring compliance. By combining AI with our in-house lawyers’ legal expertise, we’re setting a new standard in AI-powered legal services.

Why In-House Legal Departments Are Embracing AI and how we use it

The use of AI in legal services offers the IHLS team opportunities to improve productivity and optimise resources. Luminance, powered by advanced AI, assists with legal research, data extraction, document review, and drafting, enabling legal teams to manage higher workloads with speed and precision. This isn’t just about saving time; it’s about empowering our legal professionals to focus on strategic responsibilities while AI handles routine tasks. By automating repetitive processes, we’re not only passing cost savings to our clients but also enhancing the capabilities of our legal staff.

The Benefits of AI for Our Clients

Faster Turnaround Times: By accelerating document review and drafting, we can complete projects more efficiently.
Enhanced Accuracy and Risk Mitigation: AI-powered analysis reduces human error and flags potential risks, ensuring clients have access to highly accurate information, whether it’s for compliance, risk assessment, or strategic planning.
Cost Savings: By saving time, we’re able to save money for our clients. AI reduces the labour required for each project, allowing us to deliver our solutions more cost-effectively.
Access to AI: we can provide our clients with access to the benefits of AI solutions without them having to incur the cost of procurement
Strengthening Client Relationships: With rapid insight into critical areas, we’re able to respond to clients’ needs promptly, building trust and ensuring client satisfaction.
Responsibility: We take on all responsibility for the costs and utilisation of luminance, so you don’t have to.

Key AI Features

Legal Drafting Assistance: AI speeds up document review, generating mark-ups and intelligently answering questions to provide junior support to our outsourced in-house legal team.
Document Review and Summarisation: We can process large volumes of information efficiently, extracting essential data, highlighting key points, and summarising findings.
Data Extraction for Complex Projects: On large projects, AI assists with organising data for analysis, making even the most data-intensive tasks manageable.

How do we Ensure Security and Confidentiality?

A common concern with the use of AI is data privacy and who will be able to access client’s data. Our AI systems are hosted in a secure, closed cloud environment, with safeguards to ensure client confidentiality. The data is entirely protected within our firm, and the AI does not draw from or share any information outside of our system. This approach means that no client data is accessible to others or used for third-party purposes.

How can AI Benefits benefit future lawyers?

For students and young professionals entering the field, an understanding of AI technology is increasingly essential. By integrating AI training into internships and mentoring sessions, we’re familiarising future lawyers to the benefits on AI and how it can enhance their work. Law schools are also beginning to incorporate AI-focused education, preparing students to leverage tools for research, case management, and client interaction. This hands-on experience with AI will be instrumental in shaping the next generation of lawyers who are not just aware of the technology but are leading the way in using it effectively.

The use of Luminance powered by AI, allows IHLS to stay competitive and deliver exceptional service. We’re merging the efficiency of AI with the expertise our in-house law professionals to set a new standard in legal services and enhancing our ability to serve our clients better.