OpenAI · OpenAI
How Ropes & Gray is developing AI for transactional diligence
Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.
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Law firm Ropes & Gray is developing a transactional diligence AI tool in partnership with OpenAI.
Key facts
- With 340 partners and 1500 lawyers, Ropes & Gray sees value in creating access to every person’s knowledge, from their client meetings to past projects, to better solve client problems
- With tools like their proprietary diligence tool and GPT‑6 Astra, Ropes & Gray has been able to solve client problems far faster
- Because anything that they're going to deliver to a client, they need to be able to stand behind 100%
- Law firm Ropes & Gray is developing a transactional diligence AI tool in partnership with OpenAI
Summary
In transactional diligence, lawyers need to work through large volumes of documents under tight deadlines. Before finalizing any acquisition, the buyer must carry out a thorough investigation to validate the seller’s financial and legal claims. From parsing through an enormous number of documents to analyzing patterns, putting together a bid on a short timeline can take days of intensive work. “It’s enabling all the lawyers at our firm to get to what we’re supposed to be doing,” says Howard Glazer, the Partner and Head of Practice AI at Ropes & Gray.