Case Study
FTI Technology Leads Contract Analysis for Large Second Request
When a U.S.-based merger triggered a second request review, more than 18 million company documents were in scope as potentially relevant to the Federal Trade Commission’s review. The law firm representing one of the organizations sought FTI Technology for its expertise across the Digital Insights & Risk Management framework and the team’s ability to scale a global team of domain experts. Contract Solutions were one part of the broader engagement.
Situation
The document set included a large population of contracts that required a specialist review. Specifically, the client needed to identify contracts containing confidentiality provisions that could have required notice to the counterparty in advance of document productions being shared with government agencies. The client provided contracts for review on a rolling basis, requiring the team to subsequently review subsets of documents through the review and analysis workflow, all while the second request review occurred in parallel.
Our Role
FTI Technology has deep expertise in supporting second requests, and has delivered e-discovery, document review and contract analysis for dozens of merger clearance investigations globally.
FTI Technology’s Contract Solutions Team provided the following throughout the engagement:
- Narrowing the set of contracts for review using analytics and existing metadata to exclude duplicates and documents not in scope.
- Leveraging an artificial intelligence-powered solution to identify documents containing confidentiality language, and extract relevant provisions for further analysis, allowing the team to efficiently narrow the review set to only 10% of the entire document population.
- Contract analyst review to structure notice details and support the client in automating issuance of notices to contract counterparties where needed, including organization notice information and elimination of duplicative notices.
Our Impact
Leveraging the full force of domain experts and technologists across global solutions teams, FTI Technology provided the client with a rapid and comprehensive contract review, supporting an ontime response.
An expert-led contract review, supported by advanced analytics, reduced the over 100,000 contract population requiring manual review by more than 90%, providing significant time and cost savings during a deadline-sensitive matter. The contract review provided the client with the necessary information to issue notices efficiently in advance of disclosing documents as part of the second request.