Posted by Mumbai: Tech consulting and analytics firm Lumenci and ThirdAI, an AI startup building LLMs have announced a strategic partnership recently. This alliance aims to advance IP and legal process automation, revolutionising the way legal teams operate.
Legal processes often involve a significant amount of text and documentation, presenting challenges in terms of time management and efficiency. The collaboration between Lumenci and ThirdAI seeks to address these challenges by harnessing the power of LLMs and generative AI technologies.
LLMs possess the unique ability to process vast volumes of information, enabling faster and more actionable insights. This breakthrough technology has the potential to streamline legal document review, drafting, and data analytics, resulting in improved time management and increased operational efficiency for legal teams.
“We are pleased to announce our strategic partnership with ThirdAI, a prominent leader in large language models (LLMs) for enterprise applications,” said Harish Daiya, CEO of Lumenci.
“By leveraging ThirdAI’s cutting-edge LLMs, we aim to bring about meaningful transformations in legal document review, drafting, and data analytics. This integration has the potential to optimise the efficiency of legal teams and enhance their operational capabilities,” added Daiya.
“ThirdAI is thrilled to join forces with Lumenci to make AI accessible to the legal ecosystem. Lumenci’s domain expertise in the legal and IP space, its customer-centric approach, and its mission to enhance IP and legal processes align perfectly with our core vision of making AI accessible to everyone,” said Anshumali Shrivastava, Founder and CEO of ThirdAI backed by Neotribe Ventures.
Lumenci has a track record of having generated over 10,000 Evidence of Use (EoU) documents and conducting more than 1,000 product reverse engineering projects.
It has achieved success in closing over 200 deals and handling 175+ litigations across various jurisdictions, including India, South East Asia, the USA, Europe, and Brazil. Lumenci has provided invaluable support to over 70 law firms.