Legal Technology for Investment Fund Teams

Side letters are currently manually transferred into cumbersome Excel or Word compendia/MSL, with MFN election forms being built and investor responses tracked manually. This results in (a) hours billed that are not recovered by the firm, (b) inaccurate work product and (c) slower delivery of said work product.

ProVision automates (a) the construction of side letter compendia/MSL, (b) the generation and sending of MFN election forms, (c) tracking investor responses to those forms, and (d) responding to investor comment memos . It also acts as a digital repository for side letters and LP comment memos, and facilitates more efficient surfacing of provision information across clients and matters by allowing users to tag, search, compare, and merge provision and investor information.

1. Reduced write offs

2. Faster work product delivery

3. Improved accuracy

4. More capacity to focus on billable tasks

5. Increased fee earner satisfaction and retention

6. Enhanced and faster side letter negotiation

1. We are GDPR compliant and SOC 2 Type 2 certified.

2. We operate a single tenancy model using AWS certified infrastructure, the data can be stored in the AWS region of your choosing.

Reduced write offs, increased capacity, strengthening client relationships, improved retention, and a competitive edge over peer firms.

1. We work with some of the largest funds practices in the world including: Paul Weiss, Fried Frank, Goodwin, Ropes & Gray, Willkie, Farr & Gallgher and Proskauer

2. We maintain a 100% conversion rate for firms that have completed a pilot.

Yes we are backed by two US institutional investors, The Legal Tech Fund and Chicago Ventures, who invested an aggregate amount of $3.5m in our latest seed round.

1. We provide a platform built specifically for private practice investment funds lawyers which mirrors their existing work flows, providing the flexibility to handle any type of side letter or MFN process.

2. The platform does not require AI to run, and deploys the most advanced AI solutions only where they can add value, while providing fail-safes or guardrails to retain full control over outputs and prevent hallucinations.

MFN automation and digital side letter management is being pitched directly to your funds clients by other legal tech providers, taking work from external counsel. We provide the tools to empower your team to retain ownership of this work.

Yes, we offer SSO with multi-factor authentication, username/password with two factor authentication, or both.

We offer 24 hour support from Monday to Friday to customers, including during the pilot.

1. We provide an option to use AI for side letter extraction and are working on other AI features such as automated headings, tagging, and anonymization.

2. All AI functionality is optional across the platform.

1. No. We do not use customer data to train AI models, and we do not permit OpenAI to use it for training either..

2. Where we use the OpenAI API, we have configured it with Zero Data Retention (ZDR) and have disabled anti-abuse monitoring. This ensures prompts and outputs are not retained for model training.

1. We offer a free, 21 day pilot in your own single tenancy environment.

2. During the pilot, we will send regular analytics data, host weekly drop-in sessions for participants, and offer additional sessions with our team to provide as much support as needed.

1. On-demand training sessions with our team.

2. Weekly sessions with your KM team to support adoption/answer queries.

3. Monthly analytics in raw data and summary PDF format.

4. Ongoing support to promote successful adoption techniques seen by the team.