PwC UK Cuts Contract Review Volume by 73% with Relativity Contracts

How did they do it?

• Tasked with reviewing 160,000 contracts from various sources across the client’s organisation.
• Used Relativity Contracts to narrow the initial document set to 43,000 documents.
• Blended technology with human expertise to validate findings, save time, and deliver high-quality results.

160,000 contracts, one major task

When a large property investment and development business needed to streamline its legal entity structure, they turned to the experts at PwC United Kingdom for help. PwC’s Restructuring specialists engaged with the PwC’s Legal Technologists who have extensive experience in large-scale contract analysis and extraction projects across industries. They specialise in transforming unstructured data from complex and diverse contracts into actionable insights to help organisations comply with regulations, optimise performance, and reduce risks.

The client needed to centralise, search, extract, and analyse findings across 160,000 documents to understand their contracts and obligations across the entity portfolio — a task too large and complex for traditional contract review methods.

The best of both worlds: Relativity Contracts + human expertise

The PwC team started by analysing the initial document set with digitised categorisation methods. This allowed them to prioritise extraction and review steps based on document types.

From there, they used Relativity Contracts to extract key data points, including party names and contract dates, from the highest priority relevant document types.

Leveraging RelativityOne’s review capabilities, PwC conducted review of the relevant documents to validate and enhance their findings, leaning on subject matter experts from across the organisation to apply a risk lens. The review process was underpinned by technology recognising associated consistency and efficiencies.

A clear path forward

With the power of Relativity Contracts, PwC UK successfully narrowed the initial document set down to 43,000 relevant documents, reducing the client's review time by 60%.

By combining technology with a human expertise, PwC delivered quality results to their client, helping them determine next steps in streamlining the legal structure and setting the stage for a successful entity rationalisation.