Investment Banking M&A Team Cuts Engagement Letter Turnaround Time by 40%

Axiom attorneys helped:

Wallet, saved

Build and launch an M&A engagement-letter playbook in DraftPilot within one week

Cut markup turnaround by ~40%*, from 3 hours to under 2 hours per engagement letter 

Absorb overflow review during volume spikes without adding permanent headcount 

Challenge

Engagement letters arrive in unpredictable spikes. When several client markups landed at once, the five-person M&A legal team faced slower turnaround on review and redlines—with no appetite to add permanent headcount.

Approach

Axiom deployed one attorney with financial-services and AI experience. Working from the team's own negotiator's guide, they built a DraftPilot playbook for M&A engagement letters, live within one week, then trained the team and absorbed overflow review directly.

Impact 

  • ~40% less time per engagement-letter markup, by the lead attorney's estimate.

  • Overflow absorbed without a permanent hire or outside counsel.

  • DraftPilot surfaced redline points beyond the playbook the team now plans to adopt.

 

*Lead attorney's estimate.

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