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Why choose LIBIL for legal risk assessment

  • Audit focused outputs
    reports are structured for accounting files, audit working papers and valuation memos so you get evidence that maps to professional standards.
  • Court and enforcement coverage
    searches across Supreme, High and District Courts, major tribunals and curated institutional lists to surface litigation and enforcement exposure.
  • Fast triage and deep analysis
    choose minute level Instant Assessments for large samples and Detailed Reports for transaction grade risk narratives and scoring.
  • Integrates with workflows
    APIs, portal access and PDF exports let you attach reports directly to audit workpapers, M&A data rooms and compliance folders.
  • Traceable and exportable
    timestamped reports with case links and audit logs to support documentation requirements and internal controls.

How a legal risk assessment works

  • Provide identifiers such as entity or person name and optionally PAN, DIN or address to increase precision.
  • Select Instant for high volume screening or Detailed for transaction and audit level assessment.
  • Our system searches court records, FIRs and regulator lists, applies match logic and returns ranked findings with summaries and evidence links.
  • Export the assessment to PDF and attach the narrative and score to your audit or diligence file. Escalate complex hits to analyst review if required.

LIBIL - Litigation Check Reports

Instant Check

  • Best for: bulk onboarding, vendor screening, high throughput background checks.
  • Quick results in 1 to 2 minutes.
  • Basic case summaries and match indicators for immediate triage.

Detailed Report

  • Best for: compliance-critical hires, vendor risk escalation, investigative due diligence.
  • Includes LIBIL Score, case match scoring, narrative reasoning and detailed case summaries.
  • Typical turnaround is approximately 2 hours.

Manual Verification

  • Bespoke analyst-prepared reports for regulatory filings, IPO disclosure or deep investigations. Contact sales for scope and timelines.

Use cases tailored for CAs

Statutory audits and risk assessment

map litigation exposure to audit risk categories and adjust materiality or disclosures.

M&A due diligence and valuations

surface promoter and related party litigation that could affect deal value or disclosure schedules.

Internal controls and vendor risk

screen suppliers and advisors to support procurement and vendor management.

Credit and lending support

include legal exposure in credit memos and provisioning analysis.

Forensic accounting and investigations

build timelines and link related records for investigative work.

Trusted by the top names in the industry

  • It helped to find out relevant cases with just One Click

    "Legitquest seems to be a one of its kind Legal Research engine with features like iDRAF and iGraphics. It helped me find out relevant cases with just One Click to reach to the reasoning and decision of the case. A feature like iDRAF has helped me save a lot of time while analysing a case."

  • Transform and revolutionise the way of legal research.

    "Legitquest is sure to transform and revolutionise the way Judges, Attorneys, law students, professors, researchers and scholars do legal research."

  • Search engine reduces the time taken in legal research

    "I am very impressed by your search engine, as it is unique in the sense that it greatly reduces the time taken in legal research by straightaway leading to the main findings/ observations of a judgment, including issues raised therein etc. I hope that you include all state electricity regulatory commissions as well, since presently no search engine is maintaining a database of its case laws, and regulations."

Press & Recognitions

Ready to run a legal risk assessment?

Qualified attorneys and legal experts employed by companies in India can request access to demonstrations and trials. Limited free trial spots are available. Provide your professional email address to receive priority access.

FAQs

Legal risk assessment for CAs involves identifying, evaluating, and mitigating legal threats that may impact financial reporting, audits, or regulatory compliance.

It helps CAs stay compliant with evolving regulations, avoid penalties, and maintain client trust by proactively managing legal exposure.

LegitQuest provides AI-powered tools that analyze case laws, compliance requirements, and legal patterns relevant to CA operations.

While not legally mandated in all cases, it's a best practice strongly recommended by regulatory bodies and industry leaders.

Absolutely. Even small firms face compliance and legal challenges. Our tools offer scalable solutions tailored to firms of all sizes.