Cvent

During one of its most significant acquisitions to date, Cvent's legal team faced compressed timelines and needed reliable, actionable insights across a high volume of contracts to support deal diligence. Manual contract review risked becoming a bottleneck at a critical moment in the deal.

Cvent's legal team incorporated Litera's Kira, an AI-powered contract intelligence tool, into its M&A workflow to review contracts and surface insights. Kira, trained on 45,000 lawyer hours, was used to extract deterministic, reliable answers from the contract set rather than relying on probabilistic outputs.

Cvent's legal team reviewed 360 contracts in minutes, enabling them to move from reactive contract reviewers to strategic contributors at the deal table. The tool delivered real-time insights that informed deal considerations, integration planning, and risk assessment within the compressed acquisition timeline.

• Purpose-built contract intelligence tools can compress high-volume M&A due diligence from a bottleneck into a strategic advantage
• Fast, reliable contract review lets in-house legal teams contribute proactively to deal strategy rather than just reacting to it