FAQs - How can we help Law Firms?
Diligentsia's mission statement:
Diligentsia’s mission is to harness AI to enable cost effective corporate due diligence by SME’s, their advisors and investors.
Diligentsia is a UK company whose mission is to help companies grow faster, raise more investment, or exit, more quickly at the higher valuation with less risk. The founders have taken companies from start up, through funding to exit and IPO – we have been on similar journeys to you! Just as Seed Legals has streamlined the investment document process, and Vestd has streamlined the share issue space for smaller companies, Diligentsia does the same for the diligence process.
We can offer you the opportunity for increased margins, new revenue streams, route to new clients
How can Diligentsia help Lawyers?
If you are a Lawyer, we can help you in the following ways.
CLIENT ONBOARDING:
Encourage standard data repository file structure from start
Capture core data at outset of relationship
Early assessment of risk
IMPROVE MARGINS ON EXISTING REVENUE STREAMS:
Less wasted time asking for info
Improved efficiency of service delivery
Context sensitive calls to action within platform
e.g. in HR section, or GDPR section
Structured quarterly meeting - opportunity to sell in related services
ADDITIONAL HIGH MARGIN REVENUE STREAMS
You already have processes to undertake legal reviews
Expand services to offer investment/exit audits
Assistance with data repository setup
Checklist completion
“Living” disclosure schedules and risk registers
Quarterly repository reviews/Diligentsia kitemark certification (optional)
Features specifically for Lawyers:
A FREE dashboard if you onboard a minimum of five clients
Automated BVCA disclosure letter schedule with completeness and risk scoring
Automated Directors' Questionnaires
Automated due diligence checklist creator
Cross-client benchmarking
Automated KYC module
Please see this work video on how we can help your firm...
The best way of determining value is to quickly try our platform with the company of your choice - no commitment required...our AI generated reporting is immediate....
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FAQs
Q: How does Diligentsia streamline client onboarding for law firms?
It offers a standard data repository file structure and captures core data from the start.
Q: How can law firms benefit from Diligentsia's data repository setup?
Law firms can assist clients in setting up structured data repositories and maintain ongoing reviews.
Q: Does Diligentsia offer a risk assessment tool for law firms?
Yes, risk assessment tools are integrated into the onboarding process.
Q: Can Diligentsia generate new revenue streams for law firms?
Yes, by offering services like investment/exit audits, legal reviews, and disclosure schedules.
Q: What tools does Diligentsia provide for due diligence?
It includes automated due diligence checklists, Warranty Disclosure Modules, Directors’ Questionnaires and many more.
Q: Is a KYC (Know Your Client) module available for law firms on Diligentsia?
Yes, an automated KYC module helps law firms streamline client verification processes.
Q: Can law firms benchmark clients with Diligentsia?
Yes, benchmarking tools are available for law firms to compare client portfolios anonymously.
Q: Can law firms track multiple clients with Diligentsia?
Yes, the platform offers a dashboard to track completeness, risk, and readiness across clients.
Q: What legal documents can Diligentsia automate for law firms?
Diligentsia automates BVCA disclosure letter schedules and other legal documents.
Q: What is the advantage of using Diligentsia for Directors’ Questionnaires?
The platform automates this process, saving time and reducing manual effort.
Q: Can law firms onboard multiple clients for free on Diligentsia?
Yes, firms that onboard five or more clients get a free dashboard.
Q: How does Diligentsia support legal audits?
It offers structured data room audits and checklist completion tools to simplify legal audits.
Q: What is Diligentsia’s mission for law firms?
Its mission is to provide AI-driven due diligence solutions that help law firms add value and improve efficiency.
Q: Is there support available for law firms?
Yes, there is 24/7 customer support for law firms. You can send messages and ask questions through the button at the bottom right of our website.
Troubleshooting
Q: How does Diligentsia streamline the due diligence process for law firms?
A: Diligentsia automates document creation, risk assessments, and benchmarking, saving time and reducing errors during due diligence.
Q: How secure is client data on the Diligentsia platform?
A: Diligentsia employs robust encryption protocols, GDPR compliance, and multi-factor authentication to ensure data security.
Q: What is the minimum number of clients needed to access the free dashboard?
A: Onboarding five or more clients qualifies your firm for a free dashboard.
Q: How does Diligentsia help with risk management?
A: The platform includes automated risk scoring and risk register updates, ensuring your firm can identify and address potential issues proactively.
Q: Can we customize the automated due diligence checklist?
A: Yes, Diligentsia allows firms to tailor due diligence checklists to meet client-specific or jurisdictional needs.
Q: How does Diligentsia improve margins on existing revenue streams?
A: By reducing time spent on repetitive tasks and enabling faster service delivery, the platform boosts efficiency and profitability.
Q: Can we offer new services with Diligentsia?
A: Yes, law firms can expand offerings to include investment/exit audits, quarterly data reviews, and Diligentsia kitemark certifications.
Q: Does the platform provide training for my staff?
A: Yes, Diligentsia offers onboarding support, training materials, and dedicated resources for your team.
Q: How does Diligentsia handle client onboarding for law firms?
A: It establishes a standardized data repository and captures essential client information from the outset, streamlining the onboarding process.
Q: What is the advantage of Diligentsia’s Directors’ Questionnaires?
A: The platform automates the creation and collection of Directors’ Questionnaires, saving significant time and ensuring accuracy.
Q: How does Diligentsia support compliance with KYC requirements?
A: The automated KYC module streamlines client verification, ensuring compliance with regulatory requirements.
Q: Can we benchmark our clients' performance?
A: Yes, the benchmarking tool allows firms to anonymously compare client portfolios and identify areas for improvement.
Q: What ongoing support does Diligentsia provide?
A: Diligentsia offers 24/7 customer support and resources through its platform to ensure your success.
Q: Are there any additional costs for using the automated BVCA disclosure letter tool?
A: No, the BVCA disclosure letter tool is included in the platform’s suite of features at no extra cost.
Q: How can Diligentsia help with quarterly client reviews?
A: Diligentsia provides tools for quarterly data repository reviews, offering a structured approach to maintaining compliance and readiness.
Q: Is Diligentsia suitable for small or boutique law firms?
A: Absolutely. The platform is designed to be scalable, catering to firms of all sizes.
Q: Can Diligentsia assist with GDPR compliance?
A: Yes, Diligentsia includes GDPR-specific modules to ensure compliance for both the law firm and its clients.
Q: How quickly can we see results after using Diligentsia?
A: Diligentsia's AI-generated reports are immediate, allowing firms to quickly realize efficiencies and add value.
Q: What makes Diligentsia different from other legal tech platforms?
A: Diligentsia combines AI-driven automation with features like benchmarking, automated checklists, and risk scoring, specifically tailored for law firms’ due diligence needs.