Due-diligence data rooms
- Who
- Deal teams, investors and corporate lawyers
- The pain
- Thousands of files, a fixed deadline, and a missed clause that costs more than the whole review.
- What they ask, in plain words
- “List every change-of-control, exclusivity and termination clause in this data room, with the document and page, and show where contracts contradict the summary we were given.”
- What they get
- A clause table with a citation for each entry and a separate list of contradictions for a lawyer to settle.
What to measure
- Share of known clauses found on a sample you have already reviewed
- Claims whose citation does not support them
- Reviewer hours on flagged items against a full read
- Spend against the limit
