Linklaters launches ReportiQ, a next-generation online due-diligence platform

Linklaters launches ReportiQ, a next-generation online due-diligence (DD) platform, created to manage all aspects of the due-diligence processes securely, efficiently, and collaboratively. It enables Linklaters’ lawyers to manage and track all stages of a DD process in one place, from changes in the VDR, allocating documents for review, to collecting questions and managing the Q&A process, through to producing the final report. Clients benefit from an interface with unique risk profile visualisation, easy information access as well as progress monitoring options.

Following a successful pilot programme, ReportiQ is already fully operational in Germany and Belgium, and is currently being rolled out across all Linklaters jurisdictions with the UK, U.S., Sweden, Italy and Spain next in line. The firm provides in-depth specialist expertise and integrated solutions for our clients; deploying the right resources on matters at the right stage; to save time, drive efficiencies, increase service quality and maximise client experience.

By using new technology, the platform sets itself apart as it can be customised to give clients a bespoke experience depending in their business’s needs. The platform contains all the information about the transaction in one place and allows the whole deal team to make changes at the same time, speeding up the review and consolidation process, and positioning the firm’s clients in the strongest position to react quickly and confidently to any issues that arise which is particularly useful in a bidding process.

Linklaters advised a leading industrials client on a recent acquisition. The multi-jurisdictional team was led by corporate partner Timo Engelhardt in Germany, working closely with teams in Germany, the UK, Italy, Belgium and Spain. Throughout the transaction ReportiQ was used throughout the DD process, which streamlined the process and placed our client in the best position ahead of the bidding process.

Greg Baker, Global Head of Practice Innovation at Linklaters:

“Building innovative solutions to further improve the experience of our clients and lawyers is at the heart of what we do. ReportiQ is the latest addition to our tech workbench and enhances the toolkit available for our teams conducting important diligence exercises for our clients. The platform improves the running of diligence exercises from start to finish and the benefits are already being felt by our teams and clients.”

Dr. Timo Engelhardt, Corporate Partner at Linklaters:

“The launch of ReportiQ has been game-changing, with both clients and internal due diligence teams immediately feeling the benefit. We achieved an enormous step-up compared to traditional approaches. The Linklaters team passionately developed this tool over two years with a view to accelerating and streamlining due diligence processes, enhancing accessibility of relevant information gathered whilst presenting key results in a significantly more user-friendly way. The careful design and building of ReportiQ demonstrates the innovative approach we take when building our tech workbench.”

Dr. Ruprecht von Maltzahn, Managing Associate at Linklaters:

“The project management capabilities of ReportiQ have been instrumental in saving our lawyers time, while significantly increasing the speed and productivity of our due diligence work. To have everything together on one platform allowed us to source, share, process and exchange information in a collaborative way and deliver reports to the client more quickly and efficiently.”