Legal & professional services · Case study

Contract intake at 100x volume — same legal team.

How a US M&A boutique scaled diligence with Cogneris's extraction API.

Industry
Legal services
Stack
Async API, custom schema configuration on Enterprise, single-tenant VPC
Deployment
Production since 2026
Illustrative case study. Customer name, metrics, and quote are representative. Real customer case studies will be published as customers go on the record. Send us a note if you'd like to be one.
3 weeks → 8 hours
Diligence cycle for a mid-market deal
100x
Document volume per attorney-hour
0.4%
Field-level disagreement rate vs. attorney review (caught by HITL)
US$ 2.1M
Incremental revenue from new deal volume

The challenge

The firm's contract diligence practice was capacity-bound. A typical mid-market deal data room contained 3,000–8,000 contracts that the diligence team needed to summarize: counterparties, term lengths, change-of-control clauses, exclusivity, IP assignment, governing law. Manual review took 3 weeks per deal and capped the firm's deal capacity at roughly six concurrent engagements.

The approach

The team configured Cogneris with a custom contract schema covering 47 deal-relevant clause types. Documents from the deal room were processed through Cogneris's async API; extractions were piped into the firm's internal diligence platform with full audit trail and source-citation page numbers preserved. Attorneys reviewed only the low-confidence extractions and the highest-risk clauses (change-of-control, exclusivity, IP).

The outcome

Diligence cycle time dropped from 3 weeks to 8 hours for a typical mid-market deal. The firm ran 18 concurrent engagements in Q1 2026 vs. their previous ceiling of 6. Field-level disagreement against attorney review averaged 0.4% — well within the firm's quality bar — and disagreements concentrated in narrow clause types where the team is now adding active-learning examples. Incremental revenue from new deal volume in the first 6 months covered 6x the platform cost.

"Our value to a client is judgment, not data entry. Cogneris moved the data-entry layer from being our bottleneck to being a 4-hour async job. Our partners spend their time on the clauses that matter. The economics changed overnight." — Managing partner, US M&A boutique (illustrative)

What this proves

Case studies don't generalize perfectly — every customer's volume, document mix, and compliance environment is different. But the architectural pattern repeats: replace the data-entry layer with a structured-extraction API, route the genuinely uncertain cases to humans, preserve a defensible audit trail, and the constraint shifts from headcount to judgment. That's the offer Cogneris makes; the metrics here are one shape of what it looks like in production.

For a side-by-side evaluation against your current workflow with your real documents, talk to our team. For pricing, see pricing.

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