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ClearyX successfully leveraged its expertise with machine learning tools to deliver a review of an extensive commercial real estate portfolio for a time-sensitive matter. The experience of ClearyX’s transactions team, combined with the integration of leading-edge AI, enabled ClearyX to deliver high-quality work in a cost-effective manner.
A client seeking to acquire a major retail company needed to review 100 critical commercial leases within a very short timeframe. The complex leases comprised more than 1,200 documents, totalling over 15,000 pages. With only three business days to complete the review, the client considered having a team of legal associates conduct the review using a traditional approach but chose to leverage ClearyX’s technological expertise to deliver a more efficient and cost-effective result.
Using a combination of technology and real estate expertise, the ClearyX Transactions team quickly identified and reviewed the most relevant and critical lease provisions, preparing a comprehensive and accurate report of key data points for all 100 properties. The work was completed within just three days and at a fraction of the cost of using legal associates and traditional review methods.
At ClearyX, we are striving to revolutionize legal services and provide efficient, tech-forward solutions for some of the most frustrating challenges experienced by legal teams and business leaders, such as contract management, document and process automation.
ClearyX is a subsidiary of Cleary Gottlieb Steen & Hamilton LLP.
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