For Allens-Linklaters' property lawyers, reviewing leases is an important but time-consuming part of their job. It takes a lawyer an average of five to six hours to thoroughly review one lease. On a complex real estate transaction, there can be 200 or more leases for review. They saw this as a chance to innovate, freeing their lawyers up to develop in other areas.
Learn about their end-to-end solution that shows the versatility of the Neota platform in integrating with legal technologies like Kira Systems and HighQ Collaborate. They were tasked with the challenge of embedding more than 20 years of legal knowledge into a solution that recreates the logic of a human lease review, automatically detects key risks in leases and presents the results in an easy to use form for data analysis and reporting. The Real Estate Due Diligence App (REDDA) was created.