Transaction Management/DUE DILIGENCE
The due diligence process, like discovery in litigation, constitutes onerous, repetive, large-scale contract review work that lends itself perfectly to automation. Similar to eDiscovery, due diligence automation is therefore becoming ubiquitous, at least in larger law firms and for significant transactions. The leading provider in this space is Kira, which comes loaded with hundreds of pre-trained provisions and an interface that is custom-made for due diligence review. However, this area is becoming increasingly competitive, with Diligen, eBrevia, Luminance, ThoughtRiver and more providing viable solutions for streamlining due diligence.