A senior associate at a mid-market M&A firm described her process for reviewing a 47-contract deal stack: "I start at 9pm the night before the call. I finish around 1am if I'm lucky." At $350/hr (typical mid-market associate billing), that's $1,400 per deal, one review cycle.
AI document extraction is not summarization. It doesn't paraphrase a contract and ask you to trust the result. It extracts structured data (party names, dates, dollar amounts, defined terms, governing law clauses) and links every extracted value to the exact page and paragraph it came from.
The difference matters. A summary might miss a $2M liability cap buried in Schedule B. An extraction that shows you exactly where every clause lives doesn't.
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Analyze my contracts freeHow AI Contract Extraction Works
When you upload a contract to Eudoxic, the system runs two passes: a text extraction pass (using standard PDF parsing) and a structured extraction pass (using Claude to identify and label every meaningful field). The result is a row in your extraction grid with columns like Party 1, Party 2, Effective Date, Termination Date, Governing Law, Liability Cap, and Renewal Terms.
Every cell in that grid shows a citation: "Purchase Agreement, p.4, §6.2." You can click it and jump to the source. The AI doesn't ask you to trust it. It shows you exactly where it found the answer.
A Benchmark: 47 Contracts, 28 Minutes
In a benchmark test with a 47-contract deal stack (NDAs, MSAs, employment agreements, and IP assignments), Eudoxic extracted all key fields in 28 minutes. The same review, done manually, would take approximately 141 hours at a 3-hour-per-contract manual review pace.
The extraction surfaced $3.83M in uncapped indemnification exposure across three supplier agreements buried in exhibits. These weren't missed because anyone was careless. They were missed because reviewing 47 contracts manually at 1am means some pages get skimmed.
What to Verify vs. What to Trust
AI extraction is not perfect. For high-stakes provisions (change of control clauses, indemnification caps, arbitration requirements), verify the cited source directly. The extraction gives you a starting point, not a final answer.
What you can trust: the completeness sweep. If you run clause extraction across all contracts and the system returns every instance of "unlimited liability" with citations, the value isn't the answer. It's that you now know exactly where to look and what to verify. That alone eliminates the anxiety of wondering what you might have missed.
The Two-Pass Contract Review Workflow
Most attorneys using AI extraction follow a two-pass process: extraction first (to build the deal map), then targeted review (to verify high-risk provisions). The extraction pass takes minutes. The targeted review takes 1 to 2 hours instead of 6 to 8.
The output is also client-ready. The intelligence briefing (a structured summary with parties, key dates, financials, and risk flags) exports in seconds from the intelligence briefing and can be shared directly as a deal overview memo.
Further reading: Document Q&A with page-level citations · Eudoxic vs ContractSafe · Hidden liability in contracts · Chat vs. document intelligence