Paul Weiss Adopts ProVision in Its Global Investment Funds Practice

Across the fund formation market, legal teams are facing a continued rise in investor requests, faster closing cycles, and growing regulatory expectations. These pressures are shaping how firms think about their processes and the tools that support them. Over recent months, Paul Weiss has taken steps in this direction by integrating Intelligent Legal Solutions’ ProVision platform into its global Investment Funds practice.

ProVision was developed with direct input from Paul, Weiss lawyers to modernise how side letter workflows and MFN elections are handled. The platform helps teams work in a more organised way, instead of piecing together information from different documents and relying on manual cross-checks and back-and-forth communication. Its AI-driven extraction, comparison, and organisation features help streamline these tasks, while giving lawyers flexible controls that reflect client preferences and meet high security standards. Throughout this collaboration, the focus has been on addressing the practical challenges that arise in day-to-day fund formation work. Managing large volumes of side letters, tracking obligations across multiple closings, and maintaining consistency in investor terms are all time-consuming tasks with little room for error. When the work is organised properly and there are fewer manual steps to worry about, teams can get things done quicker and make fewer mistakes.

For firms like Paul Weiss, the aim isn’t simply to automate individual steps. It’s to free lawyers up to spend more time on the parts of the job that really draw on their judgement like advising clients, negotiating, and dealing with complex issues. We’re looking forward to continuing this work and helping build a way of doing fund formation that is easier to manage, more consistent, and better supported for the lawyers who handle it. ProVision was built with this context in mind.

More broadly, we’re encouraged by the momentum across industry, where fund counsel are adopting technology that reflects how modern fund formation is carried out. Our work with Paul Weiss emphasises the importance of building tools that support legal judgment, maintain confidentiality, and deliver meaningful improvements in daily work.