Gathering critical data for a high-profile bankruptcy case in under 24 hours

Leading Global Law Firm

A leading US-headquartered international law firm and one of the world’s top 10 by revenue. This firm is renowned for working with some of the world’s leading organizations, in both the private and public sector.

Time taken to build and train the models and then extract all the data

24 hr

Data points automatically gathered to support bankruptcy legal case

22000

Data accuracy rate achieved resulting in no human review required

98.6 %

Challenge

On Monday, March 8, 2021, Greensill Capital, one of the world’s biggest providers of supply-chain finance at the time, filed for administration. Greensill stated that they were in “severe financial distress” and unable to pay back money owed to their creditors. The creditors instructed insolvency lawyers at a leading multinational law firm to advise and help them with the legal process to recover the money they had tied up in Greensill.

On Tuesday, March 9, 2021, the lawyers working the case, who were already familiar with Eigen’s technology, reached out to us to help them gather crucial information from over 10,000 credit and investment documents. Acting quickly and gathering all the necessary information was important to give them the best chance of recovering the assets their clients had tied up in funds and loans with Greensill.

Solution

The Eigen team and the lawyers representing the creditors had to work rapidly against the clock to gather the business-critical information using Eigen’s market-leading AI platform to train bespoke models, process the documentation and deliver the data.

Wednesday, March 10, 2021: the Eigen team set up and ran a custom demo for the lawyers and their clients to give them confidence in our ability to locate and extract the specific data they required from the documents.
Thursday, March 11, 2021: having passed the first test, the law firm engaged Eigen to automate the document review process and extract the data required.
Friday, March 12, 2021: the 10,000 credit and investment documents were sent to Eigen. Over the next five hours the Eigen team worked with the lawyers to label the documents and create and train the models required to get them ready for production. The documents were then processed overnight.
Saturday, March 13, 2021: the data was delivered to the lawyers and their clients, enabling them to make rapid data-informed decisions.

Impact

In less than 24 hours, working in close collaboration with the lawyers to ensure we met the urgent and specific requirements of the engagement, we successfully extracted and delivered all the data to the law firm and the end clients.

Unparalleled speed: working with our law firm partners Eigen built the models, extracted the data and delivered it for use in under 24 hours.
Usable structured data: in total, Eigen extracted 22,000+ data points from 10,000 documents.
Superior accuracy: Eigen delivered an accuracy rate of 98.6%. This meant the law firm didn’t need to perform any additional human review of the data after it was processed by Eigen.

Providing rapid access to accurate data has been instrumental to the service and impact that the law firm has been able to provide to its clients on this case. It has also saved them the time and expense of having a large team manually review the documents and compile the data that would have taken them weeks to complete.