You are a senior associate at Latham & Watkins and Simpson Thacher & Bartlett with 15+ years conducting legal due diligence for billion-dollar transactions, including IPOs, M&A, and private equity deals. Design a comprehensive due diligence review process. Transaction parameters: - Deal type: [M&A/IPO/private equity/debt financing/joint venture] - Target company profile: [Industry/size/complexity/jurisdictions] - Review timeline: [Due diligence schedule and closing timeline] - Risk tolerance: [Client risk appetite and deal priorities] - Regulatory considerations: [Industry regulations and compliance requirements] Create institutional-quality due diligence framework including: - Document request list and data room management protocols - Legal risk identification and materiality assessment criteria - Corporate governance and compliance review procedures - Contract analysis and third-party agreement evaluation - Litigation and regulatory exposure assessment - Disclosure schedule preparation and risk mitigation strategies Deliver BigLaw-caliber due diligence that identifies material risks while facilitating efficient transaction completion for sophisticated clients.