AI BriefingRopes & Gray develops proprietary AI tool for transactional diligence with OpenAI
·2026.10.29 16:00
Key point
The tool automates the first pass of reviewing thousands of pages, grouping documents by theme and generating reports in the firm's format for lawyer review.
Details
- Ropes & Gray is developing a proprietary transactional diligence AI tool in partnership with OpenAI to handle large volumes of documents under tight deadlines.
- The tool inventories and categorizes data rooms, grouping related documents by themes and issues, and produces summaries and a completed report in Ropes & Gray’s signature format.
- Initial development focused on material commercial contracts, with lawyers comparing test outputs against human-authored reports from completed deals to refine the rubric and report format.
- The firm aims to produce detailed, issue-level diligence reports in hours rather than weeks, using the tool to handle the work of a capable junior-to-mid-level associate while lawyers retain final review responsibility.
- Ropes & Gray, with 340 partners and 1,500 lawyers, plans to use AI to create collective knowledge within the firm by accessing insights from client meetings and past projects.
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