Draft lender Q&A responses from the information memorandum
Key facts
- Human involvement
- YellowClose supervision
- How AI is used
- From the IM and data-room extracts, draft answers to the lender Q&A list with document references and a list of questions that cannot be answered from the file.
- What the lawyer must review
- Check every factual answer against source documents
- Do not let a draft answer create a representation the client has not approved
- Written for / version
- US
Open a jurisdiction version of this task to see which instruments apply: US
Who does what
| Role | What they do |
|---|---|
| Assistance | Potential support includes extracting and organising information and preparing preliminary structure or wording. Confirm the tool’s capability and permitted scope. |
| Lawyer | Set the scope, supervise the work closely, verify every part relied on, resolve omissions and exceptions, and approve the exact output. |
Checklist
- Confirm the output against the client’s instructions and the complete relevant source material, including omissions or contradictions.
- Resolve exceptions and record the responsible lawyer’s approval of the exact output and intended use.