Abstract: Disclosed is a system for generating a transcript of a meeting using individual audio recordings of speakers in the meeting. The system obtains an audio recording file from each speaker in the meeting, generates a speaker-specific transcript for each speaker using the audio recording of the corresponding speaker, and merges the speaker-specific transcripts to generate a meeting transcript that includes text of a speech from all speakers in the meeting. As the system generates speaker specific transcripts using speaker-specific (high quality) audio recordings, the need for “diarization” is removed, the audio quality of recording of each speaker is maximized, leading to virtually lossless recordings, and resulting in an improved transcription quality and analysis.