AI Engagement Letter Analysis

AI Engagement Letter Analysis

Onboard clients faster and with less risk

Onboard clients faster and with less risk

V7 Go's agent automates the review of Letters of Engagement, extracting key scope, fee, and liability terms to ensure every new engagement aligns with your firm's standards.

What is it

What is it

Streamlining Client Onboarding

A Letter of Engagement is a contract defining the scope terms and fees for work performed by a professional services firm.

How is it solved today?

Partners or associates manually draft and review each engagement letter a repetitive process that slows down client intake and introduces inconsistencies.

How is it solved today?

Partners or associates manually draft and review each engagement letter a repetitive process that slows down client intake and introduces inconsistencies.

How is it solved today?

Partners or associates manually draft and review each engagement letter a repetitive process that slows down client intake and introduces inconsistencies.

Why V7 Go

V7 Go automates the drafting and review of engagement letters ensuring they are always generated from compliant templates and that any non-standard terms are flagged instantly.

Why V7 Go

V7 Go automates the drafting and review of engagement letters ensuring they are always generated from compliant templates and that any non-standard terms are flagged instantly.

Why V7 Go

V7 Go automates the drafting and review of engagement letters ensuring they are always generated from compliant templates and that any non-standard terms are flagged instantly.

Time comparison

Time comparison

Time comparison

Traditional way

1-2 hours

1-2 hours

With V7 Go agents

5 minutes

5 minutes

Average time saved

95%

95%

Why V7 Go

Review letters of engagement, SOWs, and retainer agreements.

Extract scope of services, fee structures, and liability terms.

Workflow

Workflow

Import your files

Clio

,

PracticePanther

,

Salesforce

Letters of Engagement

Letters of Engagement

Letters of Engagement

Statements of Work (SOWs)

Statements of Work (SOWs)

Statements of Work (SOWs)

Retainer Agreements

Retainer Agreements

Retainer Agreements

Professional Services Agreements

Professional Services Agreements

Professional Services Agreements

Client Intake Forms

Client Intake Forms

Client Intake Forms

Conflict of Interest Waivers

Conflict of Interest Waivers

Conflict of Interest Waivers

Client and Firm Information

Client and Firm Information

Client and Firm Information

Scope of Services

Scope of Services

Scope of Services

Fee Structure and Payment Terms

Fee Structure and Payment Terms

Fee Structure and Payment Terms

Term and Termination Provisions

Term and Termination Provisions

Term and Termination Provisions

Limitation of Liability

Limitation of Liability

Limitation of Liability

Confidentiality Obligations

Confidentiality Obligations

Confidentiality Obligations

Governing Law

Governing Law

Governing Law

Client Responsibilities

Client Responsibilities

Client Responsibilities

Third-Party Reliance Provisions

Third-Party Reliance Provisions

Third-Party Reliance Provisions

Document Retention Policy

Document Retention Policy

Document Retention Policy

Why V7 Go

Why V7 Go

Automated Scope Extraction

Accurately extract the defined scope of services from any engagement letter to ensure clarity and prevent scope creep.

Automated Scope Extraction

Accurately extract the defined scope of services from any engagement letter to ensure clarity and prevent scope creep.

Automated Scope Extraction

Accurately extract the defined scope of services from any engagement letter to ensure clarity and prevent scope creep.

Fee Structure Analysis

Capture detailed fee structures, whether hourly, fixed-fee, or retainer-based, including billing and payment terms.

Fee Structure Analysis

Capture detailed fee structures, whether hourly, fixed-fee, or retainer-based, including billing and payment terms.

Fee Structure Analysis

Capture detailed fee structures, whether hourly, fixed-fee, or retainer-based, including billing and payment terms.

Compliance & Risk Review

Automatically compare the letter's terms against your firm's standard engagement template, flagging deviations in liability or confidentiality.

Compliance & Risk Review

Automatically compare the letter's terms against your firm's standard engagement template, flagging deviations in liability or confidentiality.

Compliance & Risk Review

Automatically compare the letter's terms against your firm's standard engagement template, flagging deviations in liability or confidentiality.

Centralized Term Database

Reduce the time it takes for partner or legal review, allowing you to onboard new clients and start billable work faster.

Centralized Term Database

Reduce the time it takes for partner or legal review, allowing you to onboard new clients and start billable work faster.

Centralized Term Database

Reduce the time it takes for partner or legal review, allowing you to onboard new clients and start billable work faster.

Centralized Term Database

Create a searchable database of terms from all your executed engagement letters for business analysis and future planning.

Centralized Term Database

Create a searchable database of terms from all your executed engagement letters for business analysis and future planning.

Centralized Term Database

Create a searchable database of terms from all your executed engagement letters for business analysis and future planning.

Consistent Terms

Ensure every engagement letter sent by your firm uses the most current, approved language for key legal provisions.

Consistent Terms

Ensure every engagement letter sent by your firm uses the most current, approved language for key legal provisions.

Consistent Terms

Ensure every engagement letter sent by your firm uses the most current, approved language for key legal provisions.

V7 Go

V7 Go

V7 Go

AI-powered client onboarding

AI-powered client onboarding

for professional services firms

For professional services firms, the process of drafting and reviewing Letters of Engagement is a repetitive administrative bottleneck. Each letter must be tailored, reviewed for compliance with firm policies, and checked for consistency, slowing down the start of new client work. This manual process risks errors in scope definition and the use of non-standard terms.

Law & Accounting Firms

Accelerate new client intake and ensure all engagement letters comply with firm policies and risk management standards.

Law & Accounting Firms

Accelerate new client intake and ensure all engagement letters comply with firm policies and risk management standards.

Law & Accounting Firms

Accelerate new client intake and ensure all engagement letters comply with firm policies and risk management standards.

Consulting Firms

Standardize statements of work and engagement terms across all practices to improve operational efficiency and manage liability.

Consulting Firms

Standardize statements of work and engagement terms across all practices to improve operational efficiency and manage liability.

Consulting Firms

Standardize statements of work and engagement terms across all practices to improve operational efficiency and manage liability.

Delegate engagement letter review

Delegate engagement letter review

to a professional services AI agent

to a professional services AI agent

Automated Scope Extraction

Accurately extract the defined scope of services from any engagement letter to ensure clarity and prevent scope creep.

Compliance & Risk Review

Automatically compare the letter's terms against your firm's standard template flagging deviations in liability or confidentiality.

Next steps

Stop the administrative drag on new business.

Let's talk

You’ll hear back in less than 24 hours

Next steps

Stop the administrative drag on new business.

Let's talk

Next steps

Stop the administrative drag on new business.

Let's talk

You’ll hear back in less than 24 hours

FAQ

FAQ

FAQ

Have questions?
Find answers.

What is a Letter of Engagement?

It's a type of contract used by professional services firms (like law, accounting, or consulting firms) to define the terms and scope of work for a client.

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What is a Letter of Engagement?

It's a type of contract used by professional services firms (like law, accounting, or consulting firms) to define the terms and scope of work for a client.

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What is a Letter of Engagement?

It's a type of contract used by professional services firms (like law, accounting, or consulting firms) to define the terms and scope of work for a client.

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How can AI help with drafting these letters?

Using the AI Contract Drafting Agent, you can generate a new engagement letter in minutes by selecting a template and specifying the client and scope. The agent populates the letter with your firm's pre-approved clauses.

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How can AI help with drafting these letters?

Using the AI Contract Drafting Agent, you can generate a new engagement letter in minutes by selecting a template and specifying the client and scope. The agent populates the letter with your firm's pre-approved clauses.

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How can AI help with drafting these letters?

Using the AI Contract Drafting Agent, you can generate a new engagement letter in minutes by selecting a template and specifying the client and scope. The agent populates the letter with your firm's pre-approved clauses.

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What about reviewing letters from clients or partners?

The AI Contract Review Agent can analyze incoming engagement letters, comparing them to your standard terms and highlighting any risky or non-standard language.

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What about reviewing letters from clients or partners?

The AI Contract Review Agent can analyze incoming engagement letters, comparing them to your standard terms and highlighting any risky or non-standard language.

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What about reviewing letters from clients or partners?

The AI Contract Review Agent can analyze incoming engagement letters, comparing them to your standard terms and highlighting any risky or non-standard language.

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Can it handle letters for different practice areas?

Yes, you can create different templates and review playbooks for different practice areas (e.g., tax advisory vs. litigation) to ensure the terms are appropriate for the service.

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Can it handle letters for different practice areas?

Yes, you can create different templates and review playbooks for different practice areas (e.g., tax advisory vs. litigation) to ensure the terms are appropriate for the service.

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Can it handle letters for different practice areas?

Yes, you can create different templates and review playbooks for different practice areas (e.g., tax advisory vs. litigation) to ensure the terms are appropriate for the service.

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How are fee arrangements handled?

The agent is trained to identify and extract various fee structures, including hourly rates, project-based fees, success fees, and retainer arrangements.

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How are fee arrangements handled?

The agent is trained to identify and extract various fee structures, including hourly rates, project-based fees, success fees, and retainer arrangements.

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How are fee arrangements handled?

The agent is trained to identify and extract various fee structures, including hourly rates, project-based fees, success fees, and retainer arrangements.

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Does this replace the need for partner review?

No, it streamlines it. The agent handles the initial draft or review, allowing the partner to focus their valuable time on verifying the key commercial and strategic terms.

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Does this replace the need for partner review?

No, it streamlines it. The agent handles the initial draft or review, allowing the partner to focus their valuable time on verifying the key commercial and strategic terms.

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Does this replace the need for partner review?

No, it streamlines it. The agent handles the initial draft or review, allowing the partner to focus their valuable time on verifying the key commercial and strategic terms.

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