[matthewmcg]

We are evaluating similar software for use during due diligence review in investment and M&A transactions at my firm. We have found that the software is good for identifying when contracts have certain troublesome clauses such as restrictions on assignments in an asset sale. These tools certainly save time and make document review faster and more accurate.

The biggest issue we have found is that this type of review does not identify when contracts are missing key terms. For that, we still need someone with experience in the relevant field thinking about the business context of the agreement and the potential risks.