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Professional Services
Accounting, legal, consulting. Client retention, billable hours, partner risk.
45 day typical timeline2-4x EBITDA
Document categories
The diligence checklist is organized into these top-level categories. Each one has its own subchecklist auto-generated when you launch a deal.
Financial Statements
Tax Returns
Legal & Corporate
Client Contracts
HR & Payroll
Licensing & Certifications
Insurance
Leases & Real Estate
Billing & WIP
Marketing
Industry-specific documents
These are the documents that matter most for professional services — things you'd miss with a generic checklist.
- 📄Professional licenses for all practitioners
- 📄Errors & omissions insurance certificates
- 📄Client contract terms and non-solicitation clauses
- 📄Work-in-progress (WIP) schedule
- 📄Employee non-compete agreements
- 📄Billing rate schedule and realization rates
- 📄Top client revenue concentration analysis
- 📄Partner/principal equity and compensation agreements
Common red-flag patterns
The AI scans uploaded documents for these patterns and surfaces them with source citations so you can investigate quickly.
- Client concentration above 25% in single client
- Key principal departure risk
- Non-transferable client relationships
- Employee non-compete unenforceability
- Pending E&O claims or disciplinary actions
- Low realization rates below 75%
Key metrics tracked
Pulled from financial statements and operational data, these metrics anchor the diligence narrative.
Revenue per Employee
Utilization Rate %
Realization Rate %
Client Retention Rate
Average Billing Rate
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