A Fortune 500 company modernized their legal operations, reducing contract review time by 70%.
A large corporate legal department handling thousands of contracts annually needed to modernize their operations. They were using outdated systems that could not scale with their growing business needs.
Challenge
Key challenges included: Manual contract review processes taking weeks, difficulty tracking contract renewals and expirations, lack of compliance monitoring and reporting, inefficient document storage and retrieval, and poor visibility into legal spend and resource allocation.
Solution
We deployed a comprehensive legal management solution featuring: Automated contract lifecycle management, AI-powered contract review and risk assessment, compliance tracking and reporting dashboard, centralized document repository with advanced search, and analytics and reporting for legal operations.
Results
The transformation delivered: 70% reduction in contract review time, 90% improvement in compliance tracking accuracy, $2M annual savings in legal operations costs, real-time visibility into all legal matters, and enhanced risk management capabilities.