AI Firm Luminance Unveils Autopilot, Tool Enabling Fully Automated Contract Negotiations

Luminance's Autopilot AI tool, trained using over 150 million legal documents, aims to alleviate the burden of contract negotiations from legal professionals, fully automating the process while allowing human review of all changes made.

• Luminance has developed Autopilot, a tool that fully automates contract negotiations, using AI and machine learning to analyze and make changes to contractual documents, effectively doing the 'grunt work' for legal professionals.
• In a demonstration of the Autopilot tool, two AI systems were able to negotiate the terms of a non-disclosure agreement within minutes, with humans only needed to review and sign the final contract.
• Autopilot is built on a large language model (LLM), trained using over 150 million legal documents, allowing it to understand and negotiate based on previous contracts and the company's normal agreement terms.
• Luminance's Autopilot is an evolution of its existing tool, Copilot, which color-codes clauses for legal professionals during a contract review. Autopilot, however, can operate independently, with humans able to review every step of the negotiation process.
• While other companies offer contract review technologies, Luminance is the first to announce an autopilot for contract negotiations. Its advanced feature, such as being able to remove contentious clauses and propose replacements, are set to drastically reduce the time legal teams spend on routine documents.

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