Contract management · Production

LG Chem reduces contract review time by over 30% with Luminance Legal-Grade AI

The problem

LG Chem's legal team needed to decrease turnaround time for contract reviews while maintaining compliance and consistency, as routine contract generation and negotiation consumed time that could be directed toward high-value, revenue-generating work.

Workflow diagram · grounded in source
1
Incoming contract submitted
trigger
“Luminance takes a first pass review of any incoming contract”
2
AI risk flagging
ai_action
“automatically flagging areas of risk that require the team's attention”
3
Human review of flagged areas
human_review
“automatically flagging areas of risk that require the team's attention”
4
Clause-by-clause AI summary
ai_action
“taking advantage of the clause-by-clause summary function, which is available in both English and Korean”
5
Precedent-based positioning
ai_action
“Luminance allows any team member reviewing an NDA to automatically draw from previously agreed contracts, precedents and preferred ways of contracting to achieve the best possible outcome for the business”
6
Instant clause drafting
ai_action
“Luminance can also draft or redraft clauses instantly, which can be inserted with a click. All of this takes place directly within Microsoft Word”
7
Executive contract summary output
output
“Luminance delivers an executive outline of the key data, allowing them to focus on the most business-critical aspects of the contract faster”
Reported outcome

LG Chem reduced time spent on contract reviews by over 30% per contract and gained instant AI-generated summaries and clause-level analysis available in both English and Korean, enabling the legal team to focus on business-critical work.

Reported metrics
Time spent on contract reviewsover 30%
Contract summary deliveryInstant contract summary
Reported stack
LuminanceAsk LumiMicrosoft Word
Source
https://www.luminance.com/customers/lgchem-driving-company-wide-innovation/
Read source ↗

Frequently asked questions

What did this team achieve with this AI workflow?

LG Chem reduced time spent on contract reviews by over 30% per contract and gained instant AI-generated summaries and clause-level analysis available in both English and Korean, enabling the legal team to focus on bus…

What tools did this team use?

Luminance, Ask Lumi, Microsoft Word.

What results were reported?

Time spent on contract reviews: over 30%; Contract summary delivery: Instant contract summary (source-reported, not independently verified).

How is this contract management AI workflow structured?

Incoming contract submitted → AI risk flagging → Human review of flagged areas → Clause-by-clause AI summary → Precedent-based positioning → Instant clause drafting → Executive contract summary output.

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