Document Vault Blog
Virtual Data Rooms are typically used for carrying out due diligence in Mergers & Acquisition deals, providing a secure platform for solicitors, accountants and business owners to share confidential documents through a secure, digital platform.
In the last week, considerable attention has been placed on the legal disclosure process with the announcement that the Crown Prosecution Service is to review all current rape cases to ensure that evidence which needs to be disclosed has been handed over to defendants. A failure to do this properly has lead to at least one high-profile case collapsing in court.
So how can you make sure that the disclosure process works efficiently and that both prosecution and defence lawyers have access to all the information?
The best way is through a virtual data room. The data room can include document bundles for both the defence lawyers and the prosecution, with access being given to all individuals who require this. The ability to track exactly what each individual has viewed provides evidence that the disclosure process is being followed properly. Additionally, the ability to provide detailed controls over which documents and folders are viewable by each party means you can ensure that both parties have access to the same data.
Apart from that a litigation data room works pretty much in the same way as an M&A data room, with security being paramount. All data is encrypted at rest and during transfer and only authorised users can have access.