In this circumstance, the end result is typically going to be more important than the process. Like kloucks says, you don't want screenshots or word-for-word text in your posession as evidence, but you may also find yourself in danger of copyright infringement if your software to closely mirrors your competitors. While a feature comparison can be useful in establishing the marketplace, be wary of mirroring interface or layout (although I understand that certain ideas have only so many permutations).
You should be alright if you stay within any license, and a specialist lawyer may be entirely optional (depending on the size of both your team/firm, and the competition). Typically, similar entries are harder to discourage due to measures such as anti-monopoly laws, but this varies extremely by both state (United States) and country.
This does not constitute legal advice and I hope to be in no way responsible for whatever terrible outcomes may befall you (I do wish you the best of luck though!).