Skip to content
Market Tracked raises in 2026$3.41B+$183M this week Rounds76 LatestBlue J$176M Series E Tuesday, November 10
Contracts

What Is a Virtual Data Room?

A secure online space where documents are shared with a limited group, usually for a transaction or investigation.

Legal Tech GlossaryBy The Circle Desk

Why It Matters

Data rooms control who sees what and log every access. Many now include AI review and Q&A, which raises the same confidentiality questions as any other legal AI tool.

Knowledge & Document Management Companies

See every Knowledge & Document Management company

Related Terms

Due diligence review
Reviewing a target company's contracts, records and risks before a merger, acquisition or investment.
Ethical walls
Restrictions that block certain lawyers and staff from accessing information about a matter, to manage a conflict of interest.

General information, not legal advice. Part of the Legal Tech Glossary, 173 terms in plain English.