Due In The News

Due Assists UK firm with US acquisition of Amercian Tax Returns

Jul 4

Dynamic new due diligence software platform Due has expanded to international markets, and is being used by a variety of law firms in M&A acquisitions.

After working as a corporate lawyer and cultivating an interest in legal innovation while on a scholarship program in Silicon Valley, Due Founder & CEO, Julia Scott created Due to use in M&A transactions by automating and streamlining the legal due diligence process. 

‘Legal due diligence doesn’t have to be a complex and arduous undertaking. In creating Due we have done all the legwork to ensure that the process is undertaken efficiently and thoroughly in every transaction. There are a range of ways in which Due can assist and integrate with a firm’s existing due diligence processes and reports to save time and add value in transactions of all sizes,’ said Scott.

Originally establishing Due in Perth, Julia is now based in the US and has spent considerable time in the UK and the US working with law firms in order to develop an extremely efficient and unique due diligence solution. 

‘We have taken on a lot of feedback in its development and had multiple rounds of user testing,’ said Scott. ‘We built Due from scratch, so we were able to develop it freely without any existing restraints or ideas about what it should look like. We are really happy with the final product and will continue to build it as we grow. Everyone we’ve worked with has been really impressed with how intuitive the product is to work with.’

Due has its own data room capability or can be integrated into other data rooms (such as Ansarada or Intralinks). Some of its key features include classifying documents, allocating workstreams to particular lawyers and generating a variety of reports based on a firm’s existing templates. There is also integrated AI functionality. 

‘Due can be used on M&A transactions of any size and complexity,’ said Scott. ‘We have developed great relationships with firms who are keen to use it for their clients, and also clients who have requested their firms to use it.’

British law and accounting firm, Oury Clark, London recently used Due when it acquired a US accounting firm to expand its existing client offerings. 

In this transaction, Due assisted in streamlining the process from document management to acquisition, with Due generating a red flags due diligence report using Oury Clark’s existing template. ‘This was done quickly and easily using our bespoke template solution. There is no need for firms to spend multiple hours on their templates as it can be uploaded and customised in a matter of minutes in Due.’

Oury Clark Partner Simon Walsh said that his team found Due very user-friendly, extremely secure and would use it for future transactions.

Due can be used on both seller side or buyer side M&A, and has an array of built-in features which enable for a seamless due diligence process and reporting.

For more information please contact Julia Scott at Due.