Deal capacity doubled: an M&A firm automates its documentary due diligence
40 attorneys, 5,000 documents per deal, data rooms to review under time pressure: this mid-market firm turned document review into a competitive advantage.
Context
Mid-market corporate law firm (M&A, private equity)
15-20 M&A deals per year, 2,000-5,000 documents per deal
Intralinks and Datasite data rooms, SEC EDGAR, state Secretary of State filings
8 dedicated associates
The problem
Each M&A deal requires exhaustive document review. Associates spent 2 weeks per deal checking thousands of documents in data rooms, under constant timing pressure.
- 2 full weeks of document review per M&A deal
- High error risk: one missed anomaly can cost millions in post-closing claims
- Poorly organized data rooms, missing or misfiled documents
- Timing pressure: deals don't wait, and neither do competing bidders
- Exhausted associates, high turnover on due diligence teams
The solution
CheckFile.ai automatically extracts, classifies, and cross-validates data room documents: bylaws, financial statements, material contracts, authorizations, regulatory compliance.
- Automatic extraction of key data from each data room document
- Cross-validation between documents: bylaws vs. Articles of Incorporation, financials vs. audit reports
- Detection of missing documents against a standard M&A due diligence checklist
- Prioritized anomaly report for associates and partners
The results
“On our first deal with CheckFile, the tool detected an inconsistency between the target's bylaws and its Certificate of Good Standing that could have blocked the closing. Our associates had missed it after 3 days of review. There's no going back.”
M&A Partner
Mid-market corporate law firm, New York