Contracts Diligence Complete for $35 Billion Merger of Global Energy Giants

Challenge

Two multinational oil and gas companies were merging. They required a clean room set-up due to significant regulatory scrutiny. To complete the merger, they needed to collect and assess 20,000+ procurement and commercial contracts. The diligence window was short, and the client required a huge boost of support to complete the project in time.

Approach

Leveraging extensive experience in supporting large-scale corporate transactions, Axiom put in place a team of 50-75 legal professionals to meet the tight diligence window. Combining legal expertise with operational prowess, the Axiom team scaled up and down according to the stage of the project and the availability of the contracts. In addition to reviewing over 20,000 procurement and commercial agreements, the Axiom team built an extensive playbook for the international business units and delivered everything in a clean room set-up to comply with information sharing security protocols.

Impact 

• Quick ramp of Axiom resources enabled project execution on a compressed timeline, with real-time status updates provided to client throughout.
• Analyzed contracts in 20+ languages for international business units.
• Met the 98% quality commitment to client despite significant changes in scope mid-delivery.