Dispatches
Use case

LPA and side letter analysis

Athena extracts the economic and legal terms from limited partnership agreements and side letters, compares them to precedent funds, and flags deviations with a citation to each clause, so counsel reads the exceptions instead of the whole document.

LPA_terms_vs_precedent.xlsx (synthetic data)TermThis fundPrecedentFlagManagement fee1.75%2.00%LowerCarried interest20%20%SamePreferred return8%8%SameKey person trigger2 of 33 of 3DeviationKey person trigger: LPA clause 9.2 (highlighted)Every term cited to its clause. Counsel reviews the flags.
Fig. 01An LPA terms table compared to a precedent fund, with one deviation flagged.
Input · what Athena does · output
  1. Input

    An LPA, its side letters, and the precedent funds you compare against.

  2. What Athena does

    Reads every document, extracts fees, carry, preferred return, termination and key person provisions and most-favored-nation terms into a table, and compares each to precedent.

  3. Output

    A terms table and a risk-flag list for counsel, with every term cited to its clause.

Where a person decides

Counsel decides which deviations matter. Athena does not give legal advice.

Example workflow

LPA and side letter analysis, start to finish

01LPA and lettersAnd precedent funds02Terms extractedFees, carry, keyperson03ComparedDeviations flagged04Counsel reviewsEvery term citedLPA analysis from documents to a reviewed terms table.
Fig. 02From documents to a cited terms table and a risk-flag list for counsel.

Runs on: On demand, when a new LPA or side letter arrives. Works with: SharePoint, a virtual data room, Outlook, Word, Excel.

What it runs on
What customers say
“It's good to understand the capability of the platform. That how far, and how quickly you guys can get these things going [...] that has been impressive overall.”
VP-level AI leader · A Fortune 500 retailer
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Analytics lead · A Fortune 500 retailer
“Gave Athena the spreadsheet, explained which column I was trying to figure out, and then ten secs it told me... exactly how the calculation was based on the other data.”
Analyst · A global manufacturer
“He wrote the entire stuff. By itself. And I was there, and I was thinking, alright. If I had to write all this stuff, I mean, I would've spent days, days, days.”
Manufacturing analyst · A global manufacturer
“I send that to the programmer and he said, alright. I read your file. I copied the section of the code because he has the right interface, and it works. Wow. Just like magic.”
Manufacturing analyst · A global manufacturer
“One workspace. All different, let's say, avatars of their output data. Right? Suddenly, it's dashboard. Excel is here. PowerPoint is when it's all together. It's very impressive.”
Global Sustainability lead · A global manufacturer
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Audit lead · A global professional services firm
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Audit lead · A global professional services firm
“It was PowerPoint... there was no kind of distinction between the two. So that was killer. And I literally had a meeting on it today, and people said how great it was.”
Sales analyst · A global CPG provider

Verbatim from customer calls. Customers anonymized.

Send us one LPA.

We will send back the result with the citations, and you review it.

Runs in your VPCNo training on your dataCitations on every claimApproval before anything sends