While there has been no shortage of firms announcing partnerships with legal AI providers, Slaughter and May has gone a step further and taken a 5% stake in Luminance, the due diligence AI supported by tech billionaire Mike Lynch.
Slaughters 5% stake in the AI company, which could be worth more than $1m following Luminance’s latest funding round which saw the tech company claim a valuation of $20m. Luminance reached the valuation following backing from Lynch’s firm Invoke Capital and further funding in December last year from Talis Capital.
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