Upon acquiring a prominent SaaS provider for one billion USD, multinational investment bank inherited a web of complex legacy contracts.

Challenge

  • Smooth integration of acquisition hinged on thorough assessment of thousands of unstructured contracts
  • Customer lacked adequate visibility into active legacy agreements of the acquired company

Solution

Elevate conducted comprehensive review using combination of its proprietary AI platform and team of expert attorneys

  • 7,000 contracts processed quickly by AI and “human-in-the-loop” analysis
  • All contracts organised into parent-child hierarchies
  • Crucial data extracted and categorised into 130+ metadata fields (including assignment rights, change of control, subcontracting restrictions, caps on claims for breaches, indemnities, data privacy, fees, payment terms, CPI, geographical restrictions, and more)
  • Generated fully searchable output file with links to source documents

Impact

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50% cost savings over traditional review methods
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>99% review accuracy ensured in-house legal team had adequate bandwidth to complete follow-on work with minimal risk of errors
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Faster decision-making and post-merger integration

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