eBrevia's Smart Technology Mitigates the Diligence Bottleneck

As a corporate attorney at a mid-sized firm in New York City, diligence is a vital part of my work in mergers and acquisitions and venture capital transactions. Working solo or with colleagues, I typically conduct due diligence by reading through thousands of pages of a target company's dense and complex contracts, looking for problematic provisions and summarizing key concepts. Depending on client needs, the work product I often generate for each contract I review is a summary template, which essentially consists of a table in Word specifying which provisions and information I am looking for, and a corresponding summary of each of those respective provisions in the given document. Sometimes, these summary templates are passed along to a client attached to a diligence memo. Other times, they are used internally to generate the diligence memo. Clients, with their focus on costs, are always receptive to ideas we have for ways to work through the diligence process more efficiently, and as their counsel, I want to help keep costs to a minimum.

In addition, accuracy remains of paramount importance ' after all, diligence is essential to evaluating the risks and benefits of a transaction. I am eager to use time most efficiently, doing what I do best ' analyzing the results of the review in order to negotiate and execute deals on behalf of my firm's clients.