The Information Request List (IRL) is a list of documents that is required by a law firm so they can do the necessary legal due diligence. If documents from this list are missing from the data room, the due diligence can not be completed to the full extent. So it is important to have a complete IRL and there should be no gaps between what is required and what is available.
Below you can find a short video on how you can create your own Information Request List and how you can do your Gap Analysis.
Default Information Request List
If you have created a new data room and you just use the default settings Emma will create a default IRL for you. This IRL sets all the document types that are known to Emma as required.
Import Information Request List
If you want to import and IRL from another data room, just click the Import button on the top left of the page (shown above) and select a data room in the dialog shown below.
Removing a Document Type from the IRL
If you want to remove a document type from the IRL, just select the document type you want to remove - like Joint Venture Agreement in the example above - and click on the Remove from IRL button on the top right.
Adding a Document Type to the IRL
If you want to add a document type to the IRL, just select the document type you want to add - like Organizational Chart in the example above - and click on the Add to IRL button on the top right.
Add a Custom Document Type to the IRL
If you want to add a custom document type to the IRL, just click on Add document type on the top left if the IRL & Gap Analysis page and fill out the form below.
Just select the Area for you document type, give your document type a name and a description.
Here are a few simple rules to keep in mind to create a description so the AI can classify your document correctly:
Imagine that you are explaining it to a young inexperienced intern.
Define what the document type is about.
Describe what can typically be found inside the document.
Here is a simple example on how you can describe an Employment Agreement:
An employment agreement is a contract between an employee and a company which typically contains a description of the role of the employee, a starting date, a salary and clauses discussing IP transfer, confidentiality, non-compete and so on.
Document Properties
For each document type we also extract a number of properties from the documents so the can be viewed in the Matrix page.
If you want to add your own document properties, just click the Add property button and give your property a name and a description.
Similar like the document type description, here are a few simple guidelines to make it easy for the AI to recognize property and extract the right information from your document:
Imagine that you are explaining it to a young inexperienced intern.
Define what the property is about.
Describe in what clauses in in which part of the document the property can typically be found.
If you need additional help creating your Information Request List (IRL) or you encounter any other problem, don't hesitate to reach out to us through the chat bubble in the bottom right or to [email protected]