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Merrill DatasiteOne is a great datasite
May 22, 2019

Merrill DatasiteOne is a great datasite

Anonymous | TrustRadius Reviewer
Score 10 out of 10
Vetted Review
Verified User

Overall Satisfaction with Merrill DatasiteOne

We use Merrill DatasiteOne to review due diligence documents uploaded by a target company. It is normally used by all lawyers on a transaction team, with the more junior lawyers conducting more of the due diligence. Sometimes template transaction documents will be uploaded to the datasite, where the transaction is part of a bid process.
  • Automatic text recognition on uploaded files (including PDFs).
  • Search: when combined with the text recognition on files, this creates a powerful search feature that allows you to search for content within all of the uploaded files.
  • E-mail updates, when new files have been uploaded.
  • Frankly, I can't think of any missing features or things that need to be improved. From the perspective of the user who is reviewing documents, it works quite well.
  • Merrill DatasiteOne has had a positive impact by allowing us to review large amounts of documents under tight timelines.
  • Really it is just a tool to serve the larger business objective of completing due diligence for our clients.
  • I don't think I've ever had a negative experience when the target has elected to use Merrill DatasiteOne for their datasite.
Most of the time we do not have an option to select one data site over the other -- that's chosen by the target internally, and the lawyers just have to use it. Most of the major data room sites tend to have pretty similar features, so while I think Merrill DatasiteOne is great, it is also hard to point out any particular feature that it has and its competitors do not.
I give Merrill DatasiteOne a high rating because it just works. From the lawyer's perspective, we want the software to "just work" because it helps us be efficient and keep fees lowers for clients. Merrill DatasiteOne has a clean interface and is easy to use, so it allows the lawyer to focus on the legal work, rather than on bells and whistles or on resolving software issues.
Merrill DatasiteOne is well suited to large corporate/asset transactions where there are a large volume of documents that need to be provided to the other side, and where additional documents need to be uploaded during the course of the transaction (either because the documents are still being gathered or because there are supplemental due diligence requests).
Merrill Datasite is less well suited to smaller transactions -- for smaller transactions, it might make more sense to just deliver the due diligence documents by USB or e-mail.
Similarly, Merrill Datasite does not appear to be as well suited for collaboration (sharing files between two or three organizations that are working collaboratively). Dropbox seems to be a more common way to solve this type of issue.