Challenge
Ahead of a planned M&A transaction, the client needed to evaluate the material terms buried across a deal room with hundreds of contracts. While they could send this out to a firm, their deal team wanted a fast-moving partner to help them accelerate their analysis in a more cost-effective way.
Approach
Traditionally, law firm associates would review each contract individually, extract key provisions, and compile deal memos, a process that could run nearly $100,000 for a document set this size. Instead, Axiom paired experienced legal talent with Legora to run the analysis. The Axiom lawyer partnered with the client to identify a dozen material terms critical to deal analysis, then configured Legora to extract those terms automatically across all the documents. The extracted data was exported in a structured format the client could use immediately for deal analysis.
Impact
- Received a structured view of material contract terms across the whole document set in a week, significantly faster than the traditional manual diligence process.
- Client saved 90% of total cost compared to traditional outside counsel review, which would require hundreds of hours of associate time.
- By applying the same extraction logic across each document, client received standardized outputs that made it easy to compare terms and identify potential roadblocks in the deal.
*Cost savings estimates are based on average in-house counsel compensation compared to AI-enabled subscription model and consolidated team structure.
