The Client
Smith & Associates is a mid-sized corporate law firm specializing in Mergers & Acquisitions (M&A). Their team of 50 lawyers handles complex transactions that require reviewing thousands of documents.
The Challenge: The Due Diligence Grind
In M&A, "due diligence" involves reading every contract a target company has ever signed. It is tedious, time-consuming, and prone to human error.
- Volume Overload: A single deal might involve 5,000 contracts. Junior associates were pulling all-nighters just to read them.
- High Costs: The firm was billing clients for hundreds of hours of low-level review, which clients were starting to push back on.
- Burnout: Talented young lawyers were quitting because they didn't want to spend 12 hours a day reading lease agreements.
A Senior Partner told us: "We need to be faster and cheaper, or we're going to lose business to the big firms who are already using AI."
The Solution: AI-Powered Contract Analysis
Aiotic deployed a secure Intelligent Document Processing (IDP) solution tailored for legal texts.
1. Automated Clause Extraction
We trained the AI to recognize standard legal clauses (e.g., Termination, Indemnification, Confidentiality). The system ingests a PDF and instantly highlights these clauses, extracting key data points like dates, dollar amounts, and jurisdiction.
2. Risk Flagging
The system doesn't just read; it analyzes risk. It flags "Change of Control" clauses that might block a merger. It highlights non-standard liability caps. It acts as a first-pass filter, surfacing only the problematic documents for human review.
3. Semantic Search
Lawyers can now ask questions in plain English: "Show me all contracts with a termination notice period greater than 30 days." The AI scans thousands of documents and returns a list of matches in seconds.
The Results
The firm tested the system on a mid-sized acquisition deal. The comparison was shocking.
- Speed: The AI reviewed 2,000 documents in 4 hours. A team of 3 associates would have taken 2 weeks.
- Cost Efficiency: The firm was able to offer a fixed-fee due diligence package, winning them more competitive bids.
- Associate Satisfaction: Junior lawyers were relieved of the grunt work and could focus on high-level strategy and client interaction.
"It's like having a super-powered paralegal that never sleeps. It catches things we might have missed at 2 AM." — James S., Partner
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Stop billing for reading. Start billing for thinking. Let Aiotic bring your firm into the AI age.
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