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Corp lawyer here. I’m so sick of specialists going completely off piste and spending lots of time looking at irrelevant things.
Surely understanding what the business actually does is helpful before you start reviewing documents?
It is never more efficient to let SMEs wander unattended through a data room lol
OP, we do that because we get pressure from the client to get all of our questions answered ASAP so we can proceed with the docs and get the deal done. Sucks, I know. But the point is to put pressure on all of us so that we focus on critical issues and keep the process efficient. Giving specialists weeks in a VDR usually results in high bills and maybe a couple big issues, if any.
What is VDR?
Thank you. I was not familiar with this acronym.
W