FAQ on Covenant: AI-Powered Legal Services for Private Market Investors

What services does Covenant offer?

Covenant offers AI-powered legal services including Limited Partnership Agreement (LPA) reviews, automated Most Favored Nation (MFN) elections, Form ADV analysis, NDA reviews, and Data Extraction, all designed for private market investors.

How does Covenant differentiate itself from other AI-native law firms?

Covenant focuses exclusively on private market investors, uses multiple AI models for accuracy and reliability, maintains strict data protections, and is built by experienced lawyers who understand the nuances of private market transactions.

Why did Jen Berrent decide to solve legal inefficiencies in private markets?

At WeWork, she observed that traditional legal processes couldn’t keep pace with modern business needs, leading to slow review cycles, high fees, and inefficient capital deployment in private markets.

What is the strategic advantage of Covenant’s multi-model AI approach?

This approach eliminates single points of failure, leverages the strengths of different models for various tasks, and allows rapid adoption of the latest AI innovations, ensuring clients always benefit from cutting-edge capabilities.

Who are Covenant’s clients?

Covenant serves leading endowments, foundations, sovereign wealth funds, fund of funds, and other institutional allocators in the private markets.

How does Covenant ensure data security?

Covenant maintains SOC 2 Type II certification with strict data protections including zero client data training, no data retention, and full anonymization.

What makes Covenant’s legal services faster than traditional law firms?

By combining advanced AI with deep legal expertise, Covenant delivers high-quality legal analysis with services like LPA reviews in just 2-business days, significantly faster than traditional methods.

Where can clients access Covenant’s services?

Clients can access Covenant’s services through their secure web portal, which also offers personalized document databases and tools for comparing terms across drafts and managers.