Case Study: Accordion achieves faster, more efficient contract reviews with Ivo

How Accordion transformed its legal operations with Ivo

Accordion, a financial consulting firm, faced a significant challenge in managing a high volume of contracts due to its rapid growth. Its lean legal team was spending excessive time on manual reviews, creating bottlenecks and making it difficult to scale operations without increasing costs or relying on outside counsel. To address this, they turned to the vendor Ivo for its AI-powered contract redlining and review service.

By implementing Ivo, Accordion's legal team automated its contract review process. The solution provided intelligent redlining and ensured consistency with internal playbooks. This resulted in substantial time and cost savings, including 221 hours and $132,000 saved over six months. The average review time per contract was reduced by 20-45 minutes, allowing the team to focus on higher-value strategic work.

Accordion

Johnny Moustis

Associate General Counsel