Cvent Uses Litera’s AI to Review 360 Contracts in Minutes During High-Stakes Acquisition
Event summary
- Litera published a case study detailing how Cvent used its AI-powered contract intelligence solution, Kira, to review 360 contracts in minutes during an acquisition.
- Cvent’s legal team leveraged Kira to transform contract review from a bottleneck into a strategic advantage on a compressed timeline.
- Myah Bowermaster, Head of Legal Operations at Cvent, highlighted Kira’s 'time to value' as critical for making timely strategic decisions.
- Kira is trained on 45,000 lawyer hours and trusted by 70% of the Top 50 Global Law Firms.
The big picture
Litera’s case study with Cvent underscores a broader trend of AI-driven efficiency gains in corporate legal departments. As M&A activity remains robust, the ability to quickly review and analyze contracts is becoming a critical differentiator. This shift highlights the growing importance of purpose-built legal technology in enabling faster, more informed decision-making during high-stakes transactions.
What we're watching
- Execution Risk
- Whether Litera can sustain the pace of AI adoption in legal workflows beyond high-stakes M&A scenarios.
- Market Expansion
- How Cvent’s success with Kira will influence other enterprise legal teams to adopt similar AI solutions.
- Competitive Dynamics
- The pace at which competitors in the legal tech space introduce comparable contract intelligence tools.
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