Big Four professional services giant EY has called on artificial intelligence platform Luminance to assist with the huge quantity of contract reviews needed for the transition away from the London Interbank Offered Rate – more commonly known as LIBOR. 

The firm’s Belgium arm, EY Law Belgium, is using the Luminance platform to identify LIBOR-related documents maturing after 2021 and “repaper” them accordingly, according to an announcement on Monday by Luminance.