It’s been a busy month for the Kira Systems team with the announcement of our SOC2 Certification, enhanced document classifier, and new customers and partnerships. With all this buzz around artificial intelligence (AI), you may be wondering how much of it is real.
To help you understand what is really happening with AI in the legal context, we’ve pulled together 7 articles that cut through the hype.
“Fear Not, Lawyers, AI Is Not Your Enemy”, By Robert Ambrogi, Above the Law, October 30, 2017 “...It is not lawyers vs. robots. It is lawyers plus AI. If we recognize and accept this, we can use AI to be better at what we do and to better serve our clients.” Read More
“Artificial Intelligence: What is it, and how is it transforming the provision of legal services?”, By Ashley Rosenblatt, LMA Mid-Atlantic Region Newsletter, October 30, 2017 AI tools such as these bring unprecedented accuracy and efficiency to due diligence in mergers and acquisitions, real estate leases, financial deals and contracts at risk of noncompliance with various regulatory bodies. Read More
“The robots are coming, but don’t panic: The AI legal revolution explained,” By Kevin Burns, Irish Legal News, October 26, 2017 “Artificial Intelligence is an opportunity and not a threat – that it should be embraced and not dreaded.” Read More
“What’s Your Problem? The Differences Between AI and Analytics,” By Jake Heller, Legal Tech News, October 26, 2017 “Kira Systems’ technology automatically reviews thousands of contracts and determines which clauses are which. [ ] As an attorney, you are both faster and likely providing better service quality with Kira than you would reviewing thousands of contracts manually.” Read More.
“Hype vs. Reality: Is everything AI now? (Live #COLPM),” By Ron Friedman, Prism Legal, October 26, 2017 “WSGR is a Kira Client. Chris [Boyd] cites a 20 hours savings (from 30 to 10) to review 1000 contracts in a due diligence review. To find change-of-control clauses, Kira can reduce hours from 40 to 10. To find variations from standard templates, Kira drops time from 17 to 2 hours.” Read More
“Avocado and toast on the menu,” By Joanna Goodman, Law Gazette, October 23, 2017 “Illustrating the buzz around new combinations of familiar products and how hype can drive engagement and revenue, [Noah and Rick] explained how combining Kira Systems and Neota Logic products sometimes with mainstream legal IT software, e.g. HighQ and HotDocs, is helping firms across the global legal community create new tools and applications that are helping them and their clients to work smarter.” Read More
“Legal Tech & Innovation Come of Age in London,” By David Curle, Legal Executive Institute, October 24, 2017 “Avocado toast: Winning the prize for best props, Noah Waisberg of Kira and Rick Seabrook of Neota Logic brought a toaster, an avocado, and a loaf of bread on stage to construct a metaphor of bricolage, the bringing together of diverse things to create something new.” Read More