JPMorgan Cuts Legal Review Time by 80% with AI-Powered Contract Analysis
Rishad Al Islam
Client Overview
JPMorgan Chase is one of the world’s largest financial institutions, managing $3.9 trillion in assets and operating across 100+ countries with a significant legal and compliance footprint.
Challenges
JPMorgan’s legal team faced mounting pressure to analyze thousands of contracts across commercial lending and investment banking.
- Manual contract review was slow and inconsistent
- High operational costs for legal compliance
- Risk of oversight in high-volume legal documents
Solution
The bank developed COiN (Contract Intelligence), an internal platform using AI in finance and NLP to automate contract analysis.
- Extracted key clauses and entities using machine learning
- Flagged risk factors within seconds
- Integrated with legal review systems for audit traceability
Business Impact
COiN significantly improved speed and accuracy in contract workflows.
- Reduced document review time by over 80%
- Increased accuracy and standardization across reviews
- Saved an estimated 360,000+ hours annually
Client Testimonials
“COiN allows our legal and compliance teams to scale without compromising accuracy.” - Andrew Lang, GCTO, Commercial Banking Division
“This is how AI in finance should work-quietly powering smarter, faster decisions.” -Lena Peters, Director of Legal Operations