Law firm Ropes & Gray is developing a transactional diligence AI tool in partnership with OpenAI
Share Building a first pass for commercial contract diligence Building a first pass for commercial contract diligence Applying AI to complex transactions Results at a glance Leadership lessons What's next Building a first pass for commercial contract diligence Applying AI to complex transactions Results at a glance Leadership lessons What's next In transactional diligence, lawyers need to work through large volumes of documents under tight deadlines. Ropes & Gray was an early adopter of AI in the legal industry, and in partnership with OpenAI, they are now developing a proprietary AI tool to provide more expertise to more clients
Before finalizing any acquisition, the buyer must carry out a thorough investigation to validate the seller's financial and legal claims. That process of transactional diligence uncovers risks and liabilities, requiring data-heavy research that usually involves an entire team of lawyers
