Case Study: Clifford Chance achieves faster M&A due diligence with Datasite

AI is beginning to transform M&A due diligence

Clifford Chance, one of the world's pre-eminent law firms, faced the challenge of the traditional M&A due diligence process being time-consuming and costly. Manually reviewing a limited sample of documents was fraught with the risk of missing crucial details, while the high volume of documentation burdened lawyers and increased transaction costs.

The solution implemented by Datasite involved using machine learning technology to read large volumes of documents and identify specific legal concepts, automating the review of standardized agreements. This Datasite solution saved the firm valuable time and reduced costs by freeing up junior lawyers from repetitive tasks and allowing senior advisors to focus on complex deal aspects. Although AI is not a complete substitute for human expertise, it has become an embedded and effective tool for improving the depth and efficiency of their due diligence process.

Clifford Chance

Nigel Wellings

Joint Head