AI-Assisted Legal and Contract Review at a Bank

The Challenge

The bank’s legal, contract management, procurement and compliance teams worked with contracts and other legal documents. In each case, they needed to see the critical clauses quickly, make comparisons and complete an initial review before deciding how to proceed. Speed and consistency both mattered at that stage.

Reaching that first view took time. Important clauses and points needing attention had to be found by reading through each document, and without a common starting point, initial assessments could vary from one review to the next. Critical topics were not always immediately visible, which made it harder to know where to look first.

The Solution

With cognipeer Studio, our team configured an AI-assisted review workflow for contracts and legal documents. Once a document was brought into the system, the solution highlighted its important clauses, the areas that required attention and the elements that needed to be summarised. Reviewers could quickly see where to begin, and which parts of the document called for a closer reading.

This gave reviewers a faster foundation for their initial assessment. The review itself, and every decision that followed, remained with the bank’s legal, contract management, procurement and compliance teams, who could direct their attention to the points the solution had brought forward.

Implementation

1. Agreed the review focus. We set out the types of clauses, attention points and summary elements that reviewers needed to see first.
2. Configured document intake. Contracts and legal documents could be brought into the system for analysis as part of the review process.
3. Structured the first-review output. The solution presented the highlighted clauses, areas needing attention and elements to be summarised in a consistent format, giving each review the same starting point.
4. Kept assessment with the reviewers. The output served as a starting point, with the bank’s teams carrying out the review, making any comparisons and taking the decisions.

Business Impact

Initial review of contracts and legal documents became more focused. Reviewers started from a clear view of the clauses and areas needing attention, rather than building it up by reading each document from the beginning, and assessments followed a more consistent approach across teams. Critical topics were easier to see early, while legal and compliance judgement stayed with the specialists responsible for it.

• Shorter initial review time for contracts and legal documents across the teams involved.
• More standard assessment across reviews and teams, from a common starting point.
• Greater visibility of critical clauses and points needing attention from the start of each review.
• Review decisions kept with the bank’s teams, supported by a clearer starting point.

Technology Behind the Solution