Mike Lynch’s Invoke Aims to Replace M&A Lawyers With Robots

By Jeremy Kahn, Bloomberg News

Could the armies of lawyers needed to close billion-dollar deals soon be a thing of the past?

That’s whatInvoke Capital, the London-based venture firm run by former Autonomy Plc Chief Executive Officer Mike Lynch, is betting with its latest project financing. Invoke said Wednesday that it’s making an undisclosed investment in Luminance, a U.K. startup using artificial intelligence to process legal documents and automate due diligence in mergers and acquisitions.

Luminance says its software can read and understand hundreds of pages of legal documents a minute, enabling lawyers to carry out due ...