Four reviewers share 1,900 documents, and each reads to a different depth.
The data room is split by folder and each analyst gets a stack. Every document is opened, assigned to a contract type, searched for change of control, termination rights and limitation of liability, and noted in the review log. What stands out in folder three reaches the colleague on folder seven only at Friday's status meeting.
1,900documentsThe data room for the acquisition holds contracts, financial statements and compliance records.
6clause typesEach contract is searched for change of control, liability, termination, exclusivity, contractual penalty and jurisdiction.
4reviewersFour legal analysts split the folders between them and read to different depths.
5status meetingsOnly on Friday does the analyst on folder seven learn what stood out in folder three.
All 1,900 documents pass through the same grid, and the 60% faster review processes are gained where four reviewers used to read to four different depths.
The 60% speed-up in review processes is this agent's headline figure. Document count, clause types and status meetings sketch a typical transaction data room; they are not measured values.