How Legal Teams Can Overcome 3 Major Buy-Side M&A Challenges

Three major challenges usually threaten accelerated due diligence timelines:

• Collaboration – Buy-side legal advisors usually work closely with more than fifteen people to complete due diligence. That’s a large number of stakeholders to keep track of and to keep informed.

• Oversight – Most legal professionals use Microsoft Office applications like Excel or Word for tracking individual tasks and overall due diligence status. These resources inevitably present limitations related to currency in tracking, version control, and engaging with external deal team members.

• Reporting – Lawyers report spending at least 2-hours weekly per transaction on legal due diligence management reports. This is often a painful process riddled with piecing together status updates and key insights from disparate sources before spending more time in PowerPoint than ever imagined in law school.

Datasite recently announced a new buy-side solution designed to address these common challenges. Here are three reasons why Datasite Acquire resonates in a particularly profound way for legal advisors seeking productivity gains.

You get to keep your checklist but make it even better

Lists appeal to the core of legal advisory – careful oversight of what needs to get done, disciplined adherence to timelines, and strict accountability of those ultimately responsible for each deliverable. Datasite Acquire allows you to build trackers with real-time access to updates for all members of the deal team. Already have a tried and true checklist template? Simply copy and paste it into our tracker wizard to get the due diligence process started.

You’ll also love the ability to link documents within the buy-side repository directly to individual tasks for others to reference. Ditto for the ease of sorting or filtering information.