Case Studies - How We've Helped Leading Companies | Axiom

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

Written by Axiom Law | Sep 11, 2026, 9:00:11 PM

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.