Hundreds of Contracts Uploaded via Axiom AI Tools for Medical Equipment Company

Challenge

A small medical equipment manufacturer is undergoing diligence ahead of a potential transaction. As part of diligence, they need to tag and upload 750+ 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.

Approach

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 steps an Axiom lawyer, trained on AI software and equipped with the latest tools. In just a week, the Axiom lawyer uploaded and tagged all 750 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.

Impact 

• Saved legal team 3 months of tedious work, freeing up the legal team to focus on ongoing matters and high-value projects.
• Eliminated major bottleneck in the diligence process by ensuring all documents were properly categorized and available in the CMS.

• “[The results] made me look like a miracle worker to our CEO”
  - General Counsel, Medical Equipment Company

*Cost savings estimates are based on actual Axiom attorney and technology rates compared to equivalent rates with only attorneys staffed on project