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Kira Systems Blog

Noah Waisberg, CEO of Kira Systems, is speaking at CodeX FutureLaw Conference

Posted on May 3, 2016 by Andy Kim

On Friday, May 20th 2016, Noah Waisberg, CEO and Co-founder of Kira Systems, will be a panelist on "Hot, or Not-Watson and Beyond" at the CodeX FutureLaw Conference held by the Stanford Center for Legal InformaticsHe will be joined by Khalid Al-Kofahi, Vice President of Research and Development at Thompson Reuters, Andrew Arruda, CEO and Co-founder of ROSS Intelligence, Charles Horowitz, Chief Technologist, Center for Judicial Informatics, Science and Technology, Himabindu Lakkaraju, Ph.D student in Computer Science, Stanford University, and Daniel Martin Katz, Associate Professor of Law at IIT - Chicago Kent College of Law, who will moderate the panel discussion. 

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Rob Warren, Kira Systems' Chief Data Scientist, spoke at the Europeana Cloud Final Event

Posted on May 2, 2016 by Andy Kim

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On April 7, Kira Systems' Chief Data Scientist, Rob Warren, spoke on the panel, "Good Problems to Have: Data Privacy and Security in the Cultural Sector," at the Final Plenary Meeting of the Europeana Cloud Project in the Hague, Netherlands, alongside Danielle Catteddu, CTO of Cloud Security Alliance and Arthur van der Wees, a lawyer focusing on technology. The panel discussed taking advantage of the relatively low barriers for cloud technologies in the cultural sector, as well as the implications of having data within different legal jurisdictions and the agency problems that the use of cloud vendors can create.

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Kira Systems Wins Legaltech News 2016 Innovation Award: Named Knowledge Management Software of the Year

Posted on April 29, 2016 by Andy Kim

Also shortlisted for Best Enterprise Application of AI by The AIconics Awards 2016

We are thrilled to announce that Kira Systems has been named winner of Knowledge Management Software of the Year by Legaltech News 2016 Innovation Awards. This news comes on the heels of our nomination as the Best Enterprise Application of AI by The AIconics Awards 2016

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What Is The Difference Between Contract Analysis And eDiscovery Software?  – Contract Review Software Buyer's Guide Part XV

Posted on March 31, 2016 by Noah Waisberg

IconSet1-67.pngOver the past decade, the demand for eDiscovery software has grown dramatically, and there is now a multi-billion dollar market for it. As such, a lot of legal industry people are familiar with eDiscovery software. Contract analysis software has been in the midst of its own little boomlet. New companies keep entering the market, and at least a couple businesses in our space are making money. If you are more familiar with eDiscovery than contract analysis software, this post is for you.

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Kira Systems' Deloitte Alliance featured in Legaltech News

Posted on March 15, 2016 by Andy Kim

Last week, Legaltech News published “21st Century Contract Review: Deloitte announces deployment of Kira A.I. Software," which discussed Deloitte’s alliance and partnership with Kira Systems, a machine learning contract analysis software provider. 

The article reports that Deloitte has deployed a customized version of Kira throughout its audit and consulting departments to increase its operational efficiency and productivity. According to Craig Muraskin, managing director of Deloitte’s U.S. innovation group, Deloitte was able to reconfigure Kira and deploy it across the company in a matter of months. He added,

“We really liked their machine learning capability. It is much more highly trainable, much more efficient to train and that was a key differentiator for us. We do a large variety of different types of documents, and some of the systems that are out there that were rules based, that had prescribed roles — they had less much flexibility. We really needed someone to have a very nimble machine learning capability so we could enter in different types of documents all the time.” 

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"The Robots Are Coming for Wall Street," But Does That Mean They Will Take All The Jobs?

Posted on March 1, 2016 by Noah Waisberg

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As software automates more white collar work, does this mean there will be less white collar jobs? This weekend's New York Times Magazine features Nathanial Popper's interesting article "The Robots Are Coming for Wall Street." It is primarily a case study of Kensho, a heavily-funded fintech startup that builds software "capable of answering complex financial questions posed in plain English." In even plainer English, according to the article, Kensho appears to automatically create research reports which previously might have taken days of human effort to create (or not been done at all, a critical point). The article posits that as "Hundreds of financial analysts are being replaced with software", white collar workers are in a lot of trouble.

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Kira Systems Featured on Dewey B Strategic

Posted on February 9, 2016 by Andy Kim

Jean O'Grady of Dewey B Strategic published an article featuring Kira Systems and Robbie the Robot, a children's board book on machine learning authored by Noah Waisberg, CEO and Co-Founder of Kira Systems.

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The article, Kira and Robbie the Robot: Another Frustrated Attorney Founds a Startup to Streamline "Mind Numbing" Legal Work, briefly discusses the link between the book and Kira Systems' efforts to educate its market about machine learning and then transitions to discuss the story of how the company came to be, how Kira works and the benefits it provides. 

 

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A Ray of Light for Contract Reviewers -   Weil Alumni Magazine's Q&A with Noah Waisberg, Kira Systems CEO and Co-Founder

Posted on February 9, 2016 by Andy Kim

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Q. What have you been up to since leaving Weil?

After I left Weil, I co-founded Kira Systems, a leading machine learning contract analysis software company, with Alex Hudek, who has a Ph.D. in computer science. We created an innovative system to extract and analyze key details from contracts. At Weil, I did and supervised a bunch of contract review work. I came to realize that (i) corporate lawyers spend a vast amount of time extracting data from contracts, (ii) they make a lot of mistakes in the course of doing this work, and (iii) they tend to be reviewing contracts for the same provisions over and over again (change of control, assignment, restrictive covenants, etc.). Since lawyers were often looking for the same information across contracts, we thought we could use stateof-the-art computer science to help them find and extract this information. It was just the two of us when we started, and our team has grown to more than 25 people. We’ve never taken in outside financing, so all of that growth is driven by revenue. Kira means “ray of light” in Sanskrit, and we chose this name because we shed a ray of light on contracts, supplementing lawyers in finding information they seek in them. I also just finished writing a children’s book on machine learning called Robbie the Robot Learns to Read. I have two young sons (my wife, Jennifer Waisberg, is an ex-Weil senior associate who left the Firm to focus on mothering less than a year ago), was reading a lot of children’s books, and I thought a book for kids on machine learning would be something that people would get a smile out of. As it turns out, it’s the world’s first children’s book on machine learning. We’ve gotten very positive feedback on it so far, and some Weil people have copies.

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Spotting Issues with Assignment Clauses in M&A Due Diligence

Posted on January 19, 2016 by Jennifer Tsai

Although not nearly as complex as change of control provisions, assignment provisions may still present a challenge in due diligence projects. We hope this blog post  will help you navigate the ambiguities of assignment clauses with greater ease by explaining some of the common variations. (And, if you like it, please check out our full guide on Reviewing Change of Control and Assignment Provisions in Due Diligence.)

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Kira Systems in The Lawyer's Special Report on Legal Technology – Rise of the Machines

Posted on January 6, 2016 by Andy Kim

Last month, The Lawyer published "Special report: legal technology – rise of the machines," which discussed the logistics behind the implementation of the technology and the impact it will have on law firms’ clients. 

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