AI can be used to significantly accelerate and optimise due diligence processes. In a recent interview with Handelsblatt Digital Law, Katy Ritzmann and Jens Uwe Rügenhagen provided insights into what this looks like in practice.
How our clients benefit:
- – Our clients receive faster results and more accurate analyses, even when dealing with large volumes of documents.
- – Using AI enables due diligence to be carried out efficiently and on a scale that would otherwise take significantly longer.
The key takeaways:
- – A 15 to 20% reduction in time spent, which is expected to increase to as much as 50% in the near future, alongside noticeable improvements in the quality and completeness of the analysis.
- – Our tool covers every step of the due diligence process, from document review to generating the DD report. Checks and decisions are made by humans.
- – Law firms need software expertise and legal engineers. GSK Stockmann has introduced a “digital driving licence” for all employees.
