Text IQ is excited to launch our new ebook, “A Guide for Antitrust Counsel: Transforming Second Request Compliance With AI,” we explain how to comply with regulator requests while saving countless hours and dollars, and significantly reducing risk (download now).
It’s 2:54pm. You skipped lunch. Beads of sweat are forming on your forehead and under your collar even though you’re just sitting at your desk, and your mind is racing endlessly through potentially horrible outcomes. Your inbox is flooded with emails asking about the status of your merger.
You’re on day 83 of a Request for Additional Information and Document Materials from the federal government with no end in sight and your merger is on the line. Countless attorneys are working around the clock to give your merger mouth-to-mouth in order to comply with what is known as a ‘second request.’ Billions of dollars are at stake and each day brings with it renewed fears that your finely-orchestrated, meticulously-timed deal will end in devastation. You’re going to hand over your company’s most sensitive documents and all you can do is pray that none of them include information that could further delay the deal, or, worse, get your company or client’s reputation lambasted on every news station and website.
Second requests for information, mandated by antitrust regulators in many mergers involving large corporations, bring with them a hefty price tag, huge delays, and significant risk, but full compliance with regulators is necessary in order for your merger to have a chance at survival. The compliance challenges that accompany second requests have been building and are expected to get even worse. Traditional methods of tackling these requests require innumerable attorney hours, millions of dollars, and it’s almost guaranteed that sensitive information will be missed - or, worse, leaked.
Recent advances in computer processing power and artificial intelligence, or AI, have made it possible to provide a new and improved method to tackle the dreaded second request. By utilizing AI, you’re able to identify sensitive information in half the time as more traditional methods, with unprecedented levels of accuracy, and while significantly lowering your company’s risk of missing privileged information or having it leaked during the process. You can breathe easily and confidently knowing that AI is augmenting the review.
Whether you’ve lived through a second request or are actively trying to avoid this scenario, we invite you to learn how Text IQ can save your company time, money, embarrassment, and ultimately, your merger. Download our new ebook, “A Guide for Antitrust Counsel: Transforming Second Request Compliance With AI,” for a quick view of how Text IQ will transform your approach to handling sensitive information.