Automatic AI M&A Legal Diligence

Transform weeks of manual review into minutes of intelligent analysis. Mage empowers legal teams with AI-driven due diligence tools built for the modern dealmaker.

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Trusted by leading firms

Tabular

Does the first pass of diligence for you. Our intelligent grid view automatically extracts, categorizes, and flags key provisions across hundreds of documents in minutes.

  • Automated document classification
  • Key term extraction & highlighting
  • Risk scoring & prioritization
  • Export to Excel & PDF
Learn More
Tabular View
Document
Type
Risk
Status
Master Services Agreement
Contract
Low
Reviewed
Employment Agreement - CEO
Employment
Medium
Pending
IP Assignment Agreement
IP
High
Flagged
Lease Agreement - HQ
Real Estate
Low
Reviewed
Customer Contract - Acme Corp
Contract
Medium
Pending

Memo

Automatically generates comprehensive 5-10 page diligence memos for each deal. Professional-grade analysis delivered in minutes, not days.

  • Executive summary generation
  • Risk factor analysis
  • Key findings & recommendations
  • Customizable templates
Learn More
Diligence Memo
Due Diligence Memorandum Project Atlas | Confidential

Executive Summary

Key Findings

Recommendations

12345

Red Line

Intelligent diff comparison for agreements. Instantly identify changes, additions, and deletions across contract versions with precision highlighting.

  • Side-by-side comparison
  • Change categorization
  • Clause-level analysis
  • Negotiation tracking
Learn More
Red Line Comparison
Changes (12) Original Revised
Section 4.2 - Indemnification
The Seller shall indemnify the Buyer for all claims claims exceeding $50,000 arising from...
Section 7.1 - Term
This Agreement shall remain in effect for twelve (12) months twenty-four (24) months from the Effective Date.
Section 9.3 - Non-Compete
The Seller agrees not to engage in competing business activities within the Territory for a period of three (3) years.
+8 Added -4 Removed ~3 Modified

Questionnaire

AI-generated list of critical questions tailored to each acquisition. Never miss an important inquiry with intelligent question generation based on deal specifics.

  • Deal-specific question generation
  • Category-based organization
  • Response tracking
  • Gap analysis
Learn More
Due Diligence Questionnaire
23 of 35 Answered
Intellectual Property 4/6
List all registered patents and pending applications
Provide trademark registration certificates
Identify any IP licensing agreements with third parties
Financial 8/10
Employment & HR 5/8

What Our Clients Say

Trusted by M&A professionals at the world's leading firms

"Mage has fundamentally changed how we approach due diligence. What used to take our team two weeks now takes two days."

JM
James Mitchell Partner, Corporate M&A

"The AI-generated memos are indistinguishable from what our associates produce. It's like having a tireless junior attorney on every deal."

SC
Sarah Chen Managing Director, PE Fund

"The red line feature alone has saved us countless hours. No more manually comparing contract versions at 2am before a closing."

RK
Robert Kim General Counsel
500+ Deals Analyzed
2M+ Documents Processed
85% Time Saved
99.2% Accuracy Rate

Enterprise-Grade Security

Your confidential deal data deserves the highest level of protection. Mage is built with security at its core.

SOC 2 Type II Certified

Independently audited security controls

End-to-End Encryption

AES-256 encryption at rest and in transit

Zero Data Retention

Your documents are never used to train our models

GDPR & CCPA Compliant

Full regulatory compliance worldwide

SOC 2
ISO 27001
GDPR

Ready to Transform Your Diligence Process?

Join leading law firms and investment banks using Mage to accelerate M&A transactions.

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Our Company

Built by experts in law and AI to transform legal due diligence

Meet the Founders

We've lived the problem from both sides. One of us spent years in the trenches of M&A law, manually reviewing thousands of documents under impossible deadlines. The other built the AI systems at Google that could actually solve this problem. Together, we're uniquely positioned to transform how legal diligence gets done.

Raffi and Raymond, Co-founders of Mage

Raffi

Co-founder

Former M&A Attorney, Kirkland & Ellis

Raffi spent years as an M&A attorney at Kirkland & Ellis, one of the world's leading law firms for corporate transactions. He experienced firsthand the grueling nature of due diligence - the late nights, the mountains of documents, the constant pressure to catch every issue. He knows exactly what legal teams need because he's been one of them.

Raymond

Co-founder

Former Document AI, Google

Raymond led PDF parsing and document intelligence initiatives at Google, building the foundational AI technology that powers document understanding at scale. His deep expertise in machine learning, natural language processing, and document analysis is the technical backbone that makes Mage possible.

Raffi and Raymond at Y Combinator
Y Combinator S24

Backed by the Best

Mage is proud to be part of Y Combinator's Summer 2024 batch. YC has backed companies like Airbnb, Stripe, DoorDash, and Coinbase. Their belief in our vision validates that the legal industry is ready for transformation, and we're the team to make it happen.

"We're building the future of legal work - where attorneys focus on strategy and counsel, not manual document review."

Our Mission

To give attorneys their time back by automating the tedious parts of legal work, so they can focus on what actually matters: providing strategic counsel to their clients.

Accuracy First

We never compromise on precision. Our AI is trained to surface issues, not hide them. Legal work demands perfection.

Security by Design

Deal data is sacred. We've built our entire infrastructure around protecting your most confidential information.

Continuous Innovation

The legal industry is evolving. We're committed to staying at the forefront of that change with cutting-edge AI.

Ready to transform your practice?

Join leading law firms using Mage to accelerate their M&A diligence

Get in Touch

Security & Compliance

Enterprise-grade protection for your most sensitive data

Infrastructure Security

  • Hosted on AWS with SOC 2 Type II certification
  • VPC isolation and private networking
  • Multi-region data redundancy
  • 24/7 infrastructure monitoring

Data Protection

  • AES-256 encryption at rest
  • TLS 1.3 encryption in transit
  • Customer-managed encryption keys (BYOK)
  • Automatic data purging options

Access Control

  • Single Sign-On (SSO) integration
  • Multi-factor authentication
  • Role-based access control
  • Detailed audit logging

Compliance

  • SOC 2 Type II certified
  • ISO 27001 compliant
  • GDPR compliant
  • CCPA compliant

Our Commitment

At Mage, we understand that M&A transactions involve highly sensitive information. That's why we've built our platform from the ground up with security as a core principle, not an afterthought.

We never use your documents to train our AI models. Your data remains yours alone.

Request Security Documentation
Product

Tabular

The first pass of diligence, done for you

How It Works

1

Upload Documents

Drag and drop your entire data room or connect directly to your VDR

2

AI Analysis

Our AI reads, classifies, and extracts key terms from every document

3

Review Grid

See all findings in an organized, filterable grid view

4

Export & Share

Generate reports in Excel, PDF, or share directly with your team

Comprehensive Document Analysis

See your entire data room at a glance with intelligent categorization and risk scoring

Tabular - Project Atlas Data Room
Search documents...
All (247) Contracts (89) Employment (34) IP (18) Real Estate (12)
Filter Sort Export
247 Documents
12 High Risk
34 Medium Risk
201 Low Risk
78% Reviewed
Document Name
Category
Parties
Key Date
Value
Risk
Status
Master Services Agreement - TechCorp
Contract
TechCorp Inc., Target LLC
Dec 31, 2025
$2.4M ARR
Low
Reviewed
Employment Agreement - J. Smith (CEO)
Employment
John Smith, Target LLC
Jan 15, 2024
$450K/yr
Medium
Pending
IP Assignment - Core Patents
IP
Founder, Target LLC
Mar 1, 2020
12 Patents
High
Flagged
Office Lease - 100 Main St
Real Estate
ABC Properties, Target LLC
Jun 30, 2027
$85K/mo
Low
Reviewed
Customer Agreement - Acme Corp
Contract
Acme Corp, Target LLC
Dec 31, 2024
$1.2M ARR
Medium
Pending
NDA - Strategic Partner
Contract
BigCo Inc., Target LLC
Perpetual
-
Low
Reviewed
Showing 1-6 of 247 documents
< 1 2 3 ... 42 >

Deep Document Analysis

Click into any document to see AI-extracted insights, key clauses, and flagged provisions

  • Clause Extraction - Automatically identify indemnification, termination, change of control, and other critical clauses
  • Obligation Tracking - Surface all commitments, deadlines, and requirements
  • Risk Annotations - AI highlights potential issues with explanations
Document Detail - IP Assignment

IP Assignment Agreement

Executed: Mar 1, 2020
PartiesJ. Founder → Target LLC
Assets12 Patents, 3 Trademarks
Risk LevelHigh
Flagged Issues
Missing assignment for Patent #7
Incomplete chain of title
Broad carve-out for prior inventions
Document Preview
Section 2.1 - Assignment

Assignor hereby assigns to Assignee all right, title, and interest in and to the Intellectual Property listed in Exhibit A...

Section 3.2 - Excluded IP Issue Detected

Notwithstanding the foregoing, the following shall be excluded: (a) any inventions conceived prior to employment...

Export Options

Export Your Analysis

Excel Report Full data with filters
PDF Summary Executive overview
PowerPoint Board presentation
Share Link Secure team access

Seamless Export & Collaboration

Share your findings with clients, partners, and team members in any format

  • Excel Export - Complete data with all filters and custom columns preserved
  • PDF Reports - Professional summaries ready for client delivery
  • Secure Sharing - Role-based access controls for sensitive deal information

Ready to automate your first pass?

See how Tabular can save your team hundreds of hours on your next deal

Request Demo
Product

Memo

Professional diligence memos in minutes

From Data Room to Deliverable

1

Select Data Room

Choose the deal and documents to analyze

2

Choose Template

Use your firm's template or our professional default

3

Generate Memo

AI analyzes documents and drafts comprehensive memo

4

Review & Export

Edit, finalize, and export to Word or PDF

Professional-Grade Output

AI-generated memos that meet the quality standards of top-tier law firms

Due Diligence Memorandum - Project Atlas
Edit Export
MAGE LEGAL AI Due Diligence Memorandum
Project:Atlas
Date:December 6, 2025
Prepared For:Acquisition Committee
Classification:CONFIDENTIAL

I. Executive Summary

This memorandum summarizes the legal due diligence conducted in connection with the proposed acquisition of Target LLC ("Target" or the "Company"). Our review encompassed 247 documents across corporate, employment, intellectual property, real estate, and commercial categories.

Overall Assessment: The transaction presents moderate risk with several items requiring attention prior to closing.

3 High Priority Issues
8 Medium Priority Issues
14 Low Priority Issues

II. Key Findings

HIGH PRIORITY

Incomplete IP Assignment Chain

Patent #7 (US 10,XXX,XXX) relating to core product technology lacks a clear assignment from the original inventor to the Company. Recommend obtaining confirmatory assignment prior to closing.

HIGH PRIORITY

Change of Control Provisions

Three material customer contracts (representing 34% of ARR) contain change of control provisions requiring consent. Early outreach recommended.

Page 1 of 8

Table of Contents

I. Executive Summary
II. Key Findings
III. Corporate Matters
IV. Material Contracts
V. Intellectual Property
VI. Employment Matters
VII. Real Estate
VIII. Recommendations

Quick Stats

Documents Reviewed247
Pages Generated8
Issues Identified25
Time to Generate4 min

Customizable Templates

Match your firm's style and standards with fully customizable memo templates

  • Firm Branding - Add your logo, letterhead, and styling
  • Section Structure - Customize which sections appear and their order
  • Tone & Style - Adjust formality level and writing style preferences
  • Clause Libraries - Include standard disclaimers and boilerplate language
Template Settings
Professional Default
Minimal
Detailed
Custom Your Firm
Sections to Include
Executive Summary
Key Findings
Risk Matrix
Recommendations
Appendices
AI Analysis
75%
Generating memo... Analyzing employment agreements
Reading 247 documents
Extracting key terms
Identifying risks
Drafting sections
Formatting output

Intelligent Analysis

Our AI reads every document in your data room and synthesizes findings into coherent prose

  • Cross-Reference Detection - Automatically identify related provisions across documents
  • Issue Prioritization - AI ranks findings by materiality and deal impact
  • Citation Generation - Every finding linked to source documents
  • Consistency Checking - Flag conflicting terms across agreements

Generate your first memo in minutes

See how Memo can transform your diligence workflow

Request Demo
Product

Red Line

Intelligent contract comparison

Effortless Contract Comparison

1

Upload Versions

Upload original and revised contracts in any format

2

AI Comparison

Our AI identifies every change, addition, and deletion

3

Risk Analysis

Each change is categorized by legal significance

4

Review & Approve

Accept or reject changes with inline comments

Side-by-Side Intelligence

Compare contracts with synchronized scrolling and AI-powered change detection

Red Line - Stock Purchase Agreement v2 vs v3
History Export
24 Additions
8 Deletions
15 Modifications
Side by Side Unified Changes Only
Original (v2) Nov 15, 2025
4.2 Indemnification

The Seller shall indemnify the Buyer for all claims arising from any breach of the representations and warranties...

5.1 Non-Compete

For a period of two (2) years following the Closing Date, Seller shall not engage in any competing business...

7.1 Survival

The representations and warranties shall survive for eighteen (18) months from the Closing Date.

Revised (v3) Dec 3, 2025
4.2 Indemnification

The Seller shall indemnify the Buyer for claims exceeding $50,000 arising from any breach of the representations and warranties...

Material Change
5.1 Non-Compete

For a period of three (3) years following the Closing Date, Seller shall not engage in any competing business...

Extended Term
7.1 Survival

The representations and warranties shall survive for twenty-four (24) months from the Closing Date.

Minor Change

Intelligent Change Categorization

Every modification is automatically classified by type and legal impact

  • Material Changes - Significant alterations to obligations, liability, or economics
  • Structural Changes - Reorganization of sections, definitions, or references
  • Clarifications - Minor wording improvements with no substantive impact
  • New Provisions - Entirely new sections or clauses added
Change Summary
Material Changes 4
4.2 Indemnification threshold added ($50K)
6.3 Cap on damages reduced from 2x to 1x
Structural Changes 8
Clarifications 23
Version History
v3 - Current Dec 3, 2025 Seller's Counsel
+24 -8 ~15
v2 Nov 15, 2025 Buyer's Counsel
+45 -12 ~8
v1 - Initial Draft Nov 1, 2025 Buyer's Counsel
Initial
Compare Any Two Versions

Complete Negotiation History

Track the evolution of your agreement through every draft and revision

  • Version Timeline - Visual history of all document iterations
  • Any-to-Any Comparison - Compare any two versions, not just sequential
  • Author Tracking - See who made which changes and when
  • Comment Threads - Maintain negotiation context with inline discussions

AI-Powered Clause Analysis

Understand the implications of every change with instant legal analysis

  • Market Standard Comparison - See how terms compare to market norms
  • Risk Implications - Understand potential exposure from each change
  • Suggested Responses - AI-generated counter-proposals for unfavorable terms
  • Precedent Search - Find similar clauses from your firm's library
Clause Analysis
Section 4.2 - Indemnification Requires Review
Change Summary

Seller has added a $50,000 threshold (basket) before indemnification obligations apply.

Market Comparison
Below Market (35th percentile)

Typical baskets range from $100K-$500K for transactions of this size.

AI Recommendation

Consider counter-proposing a $25,000 threshold with a tipping basket structure.

Never miss a critical change

See how Red Line can transform your contract negotiations

Request Demo
Product

Questionnaire

Never miss a critical question

Intelligent Question Generation

1

Define Deal

Enter deal type, industry, and key transaction parameters

2

Question Generation

Our AI creates tailored questions based on deal specifics

3

Send to Target

Share questionnaire via secure portal with the target team

4

Track Responses

Monitor progress and follow up on outstanding items

Complete Questionnaire Management

Track every question, response, and follow-up in one place

Due Diligence Questionnaire - Project Atlas
Add Questions Send Reminder
72% Complete
86 Total Questions
62 Answered
18 Pending
6 Need Follow-up
Corporate Structure
12/12
Intellectual Property
8/12
List all registered patents and patent applications 3 docs
Provide trademark registration certificates 5 docs
Identify any IP licensing agreements with third parties Due Dec 10
Confirm all employee invention assignments are executed Incomplete response
Material Contracts
16/20
Employment & Benefits
7/14
Financial & Tax
18/20
Litigation & Disputes
1/8

Deal-Specific Question Generation

Our AI analyzes your transaction type, target industry, and available information to create customized questions

  • Industry Expertise - Questions tailored to sector-specific risks (SaaS, healthcare, manufacturing, etc.)
  • Transaction Type - Different focus for asset deals, stock deals, mergers, and carve-outs
  • Risk-Based Prioritization - Critical questions highlighted based on deal profile
  • Regulatory Considerations - Automatic inclusion of compliance questions for regulated industries
Generate Questionnaire
Stock Purchase
Enterprise SaaS
$50M - $200M
IP Rights Customer Contracts Employee Retention
Generated Questions Preview
Intellectual Property (12 questions)
Provide a complete list of all registered patents...
Identify any open-source software used...
86 questions generated
Target Response Portal
Project Atlas - Due Diligence Request
Q.14 Intellectual Property

Please provide a list of all registered patents and pending patent applications, including filing dates, jurisdictions, and current status.

Type your response here...
Drag files here or click to upload
Save Draft Submit Response
Your Progress: 8 of 86 completed

Secure Response Portal

Give the target company a professional, easy-to-use interface for responding to questions

  • Branded Portal - White-label interface with your firm's branding
  • Document Upload - Drag-and-drop file attachments with automatic organization
  • Progress Tracking - Target sees their completion status in real-time
  • Clarification Requests - Built-in messaging for follow-up questions

Intelligent Gap Analysis

Automatically identify missing information and incomplete responses

  • Completeness Scoring - AI evaluates response quality, not just presence
  • Missing Document Detection - Identify referenced documents that weren't provided
  • Cross-Reference Validation - Flag inconsistencies between responses
  • Follow-up Generation - Automatic creation of clarifying questions
Gap Analysis Report
78% Response Quality
62 Complete
12 Partial
6 Missing
6 Issues
Items Requiring Attention
Partial Q.14: Patent list missing filing dates for 3 applications
Missing Q.23: Employee agreements for 2019 hires not provided
Inconsistent Q.45 vs Q.52: Revenue figures don't reconcile
Generate Follow-up Questions

Comprehensive diligence, every time

See how Questionnaire ensures you never miss a critical question

Request Demo