Goodwin is pleased to announce its partnership with Intelligent Legal Solutions (ILS), the company behind ProVision, to elevate how the firm delivers side letter management services to its fund formation clients. ProVision is an AI-powered platform purpose-built to automate side letter extraction, efficiently create a master side letter and streamline the MFN process.
Goodwin is a global law firm serving innovators and investors in a rapidly changing, technology-driven economy. Goodwin's Private Investment Funds group supports over 1,000 investment managers around the world who raise funds ranging from less than $10 million to over $25 billion, including private equity, real estate, venture capital, infrastructure, fund-of-funds, credit/debt, impact and responsible investing, emerging market, listed, and hedge funds.
By integrating ProVision into its workflows, Goodwin aims to further streamline deal execution, unburden clients from any separate contracting process, and deliver deeper insights to clients navigating increasingly complex fund structures.
Mandee Gruen, Co-Chair of Goodwin's Private Investment Funds practice, says: "After a constructive close collaboration and internal pilot with ILS, we are delighted to be partnering with them to integrate the side letter process functionality into our fund raising workflow. The ProVision solution transforms what was often a lengthy and unrewarding task into a streamlined, harmonized and efficient user experience. Similar to our Goodwin Embark tool which helps us efficiently support investor onboarding and subscriptions, this innovation directly incorporates the side letter and MFN processes into our legal service offering, providing fund clients with an even faster route to market."