A small medical equipment manufacturer is undergoing diligence ahead of a potential transaction. As part of diligence, they need to tag and upload 500+ contracts into a central contract management system (CMS). However, their legal team is so lean that using only internal resources would significantly delay the transaction.
With limited internal capacity, the legal team faced a major operational hurdle. Although they could upload the contracts manually, they estimated it would take 3 months to complete. In stepped Axiom with a lawyer equipped with and trained on AI software. In just over a week, the Axiom lawyer uploaded and tagged all 500 agreements, including 10-15 clauses within each. What would have taken a paralegal three months working off the side of their desk was condensed into a focused one-week project.
*Cost savings estimates are based on actual Axiom rates compared to equivalent law firm rate averages as listed in Wolters Kluwer’s Real Rate report.