A senior associate at a mid-market M&A firm recently 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, that's $1,400 in billable time — for one deal, one review cycle.
AI document extraction isn't a magic summarizer. It doesn't paraphrase contracts and hope you trust the output. 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 freeWhat AI Extraction Actually Does
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.
Crucially, 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 Real Example: 47 Contracts, 28 Minutes
In one test using a simulated Acme Corp acquisition deal stack — 47 contracts including NDAs, MSAs, employment agreements, and IP assignments — Eudoxic extracted all key fields in 28 minutes. The same review, done manually, would take 153 hours at standard associate review speeds.
More importantly, the extraction surfaced $3.83M in uncapped indemnification exposure across three supplier agreements that had been 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 — you should 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 ask "which contracts have unlimited liability?" and the system returns 3 contracts with citations, the value isn't the answer itself — 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 Practical 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 1–2 hours instead of 6–8. Total: same quality, fraction of the time.
The output is also client-ready. The intelligence briefing — a structured summary with parties, key dates, financials, and risk flags — can be shared directly as a deal overview memo. Work product that used to take two hours to draft takes one click.