By any measure, the London-based legal AI startup Luminance has had spectacular success. Not yet three years old, it has raised $23 million in funding, has achieved a valuation of $100 million, is used by more than 150 organizations on six continents, and has won numerous technology awards, including the prestigious Queen’s Award for Enterprise in the innovation category.
In this episode of LawNext, I interview Emily Foges, who joined Luminance as CEO in 2016 when the company was a small team of technologists and lawyers. She took the product to market and led the growth of the business, which doubled in size every quarter through 2017.
Foges, who had never before worked in the legal industry, discusses the company’s trajectory from its start at Cambridge University to where it is today and explains what she believes distinguishes it from other AI companies. She shares her insights on how AI is changing legal practice, explains why she believes AI has reached a tipping point in law, and offers her projections for how AI will shape the future of the legal industry.
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