Law firms — especially those with an active merger and acquisition practice — frequently find themselves tasked with analyzing large number of similar documents looking for critical information. When a retailer client purchases a competitor, they may inherit hundreds or thousands of new leases. Which ones are about to come due? Which ones are non-standard? Which ones have a particular term or condition?
Rocky Mountain Technical Marketing, Inc. (RMTM) has developed a solution to evaluating large number of contracts to discover salient characteristics of interest to the client. In the lease example cited above, the bulk contract analyzer can rapidly review each lease and classify those leases set to terminate within 60 days, those that have standard terms (e.g., triple net), those over/under a particular size range, etc., saving hundreds of hours of expensive attorney time. The same approach can be applied to a wide array of documents of a similar type, such as service contracts, non-disclosure agreements, powers of attorney.