Case Study: Featurespace cuts outside counsel spend by 50% and analyzes 15k+ contract pages with Luminance

Featurespace - Customer Case Study

Featurespace, the world leader in enterprise financial crime prevention, needed a next-generation way to speed contract negotiation and analysis across its distributed legal team. After market research the company selected Luminance and its plug-and-play AI technology to augment in-house review, rapidly onboarding the team in under a week versus the three-to-six-month deployments offered by other providers.

Luminance’s Traffic Light Analysis and AI-powered repository perform first-pass reviews in Microsoft Word, colour-code clauses, suggest alternative wording from precedents, flag missing terms and surface key legal concepts across 15,000+ pages. The solution automated routine NDAs and employment contract reviews, improved cross-team visibility, and cut outside counsel spend by over 50%, while giving Featurespace’s lawyers faster, data-driven insights for strategic and transactional work.

Featurespace

Don Riddick

Chief Legal Officer