Diligence Engine is basically a shortcut to finding out what is in a pile of contracts. Just upload all your contracts, wait a few seconds while it processes them, and highlight the provisions you are looking for. You can look for provisions in a single contract, compare contracts, or compare provisions across contracts, all starting at about $10/document.

Diligence Engine is similar to eBrevia, but it has been around longer and as a consequence is a bit more mature. The interface is polished and modern-looking, and the developers have taken the time to add features like two-factor authentication. It’s really a pleasure to use.

As the name implies, Diligence Engine is built for conducting due-diligence contract reviews. But once I started playing with it, I realized it could have another use case: knowing what’s in your own contracts. For example, I frequently get requests to use Lawyerist articles in CLE materials or bar journals. When I do, I need to be able to pull up the IP terms from the most-recent contract we have with the writer so I know whether I need to consult the writer before I make a decision.

I loaded a couple dozen contracts into Diligence Engine and a few seconds later had a list of all the licensing provisions. And because it is all automated, I am less likely to make mistakes than with my current I-hesitate-to-call-it-a-system.

Now that I’ve seen two excellent examples of software that can seriously simplify contract review, I don’t know why you wouldn’t use one any time you need to find out what is in a pile or more of contracts.

The Small Firm Scorecard example graphic.

The Small Firm ScorecardTM

Is your law firm structured to succeed in the future?

The practice of law is changing. You need to understand whether your firm is positioned for success in the coming years. Our free Small Firm Scorecard will identify your firm’s strengths and weaknesses in just a few minutes.

Leave a Reply