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6 Insights into Equity Cure Provisions in 2017 Q3 + Q4 U.S. Credit Agreements

The Equity Cure Provision Study In order to demonstrate how Kira’s credit agreement provisions could be used to conduct ...

Contract Analysis Software: The Technology Fundamentals

The Challenges of Conducting a GDPR Review

Conducting a GDPR Review With the General Data Protection Regulation (“GDPR”) coming into effect on May 25, 2018, every ...

Highlights from the NYCLTM March 2018 Meetup

“Corporate lawyers spend too much time doing work they hate for clients who hate the fact that they are doing it” says ...

Introducing Kira Tech Tales, Women's Edition

In celebration of Women's History Month and to mark International Women's Day, Kira Systems is pleased to announce a ...

ILTA Peer to Peer Case Study: DLA Piper and Kira Systems

For organizations looking to adopt a contract analysis tool, Joe Davis has shared DLA Piper's journey in this season's ...

Happy Birthday Kira!

Kira Systems is celebrating its seventh birthday! As we kick-off 2018, we decided to ask our co-founders, Noah and ...

Kira Systems' Noah Waisberg, uncovering truths & myths for AI Bootcamp session at Legalweek New York 2018

On Monday, January 29, 2018, Noah Waisberg CEO and co-founder of Kira Systems, will present at the AI Bootcamp Workshop ...

Kira Systems' The Night Before New Year

T’was the night before New Year’s and all through the town, Not a lawyer was stirring, not even to frown. The briefs ...

Banish Three Regulatory Ghosts with AI this Holiday Season

Rarely a day goes by that global headlines don’t remind us that serious regulatory changes are coming in the new year, ...

7 Articles to Help You Understand How AI Can Transform Your Legal Practice

It’s been a busy month for the Kira Systems team with the announcement of our SOC2 Certification, enhanced document ...

Brexit: Ready or Not?

The Mergers, Acquisitions, and Exit Strategies Report published in The Times on October 18, 2017, highlighted ...

Noah Waisberg, Kira Systems' CEO and Co-founder, explores how to spot risks in the M&A process at the 2017 IBA Conference in Sydney

Today, October 13, 2017, Kira Systems' CEO and co-founder Noah Waisberg will present at the 2017 International Bar ...

Introducing Kira Document Classifier v.2

The Kira Systems team is pleased to introduce an updated Document Classifier as part of our October 7 update.

Why adopting technology for due diligence contract review is so critical right now

So I work for a company founded by an M&A lawyer who left big law specifically because of the pain and drudgery of the ...

Trends in European M&A deal terms and creating your own deal study with Kira

At the 2017 Mergermarket European Corporate Development Summit, on July 6, 2017, the Kira Systems team had the ...

Myth busting, driving adoption & sharing lessons learned with Freshfields, Kemp Little & Mischcon de Reya

Kira Systems recently had the pleasure of sponsoring an ILTA Lunch and Learn session, hosted by Clyde & Co in London, ...

Can elite law firms survive the rise of artificial intelligence?

In “Can elite law firms survive the rise of artificial intelligence? The jury is still out.” Eric Rosenbaum, financial ...

#DoMoreLaw - How Efficiency Can Drive Growth

Last week (October 18th 2016), Noah Waisberg, CEO and co-founder of Kira Systems, spoke at the Legal Geek Conference ...

Re-live ILTACON 2016 with Kira Systems

Panels, Awards, Pirate Cruise (?!) and more It’s been a busy few months at Kira Systems and what better way to keep the ...

AI Creates Higher Quality Jobs in the Legal Industry

Last week, Dr. Rob Warren, Kira Systems’ Chief Data Scientist, led a talk on “AI and the Law” in front of the ...

'Hot or Not - Watson and Beyond' Panel at CodeX FutureLaw 2016 - Summary

AI must be tailored to the problem at hand and guided by right person to be effective Noah Waisberg, CEO and co-founder ...

What is the difference between contract analysis and eDiscovery software?  – Contract Review Software Buyer's Guide part XV

Over the past decade, the demand for eDiscovery software has grown dramatically, and there is now a multi-billion ...

The robots are coming for Wall Street

As software automates more white collar work, does this mean there will be less white collar jobs? This weekend's New ...

Kira Systems featured on Dewey B Strategic

Jean O'Grady of Dewey B Strategic published an article featuring Kira Systems and Robbie the Robot, a children's board ...

A Ray of Light for contract reviewers - Q&A with Noah Waisberg

Q. What have you been up to since leaving Weil? After I left Weil, I co-founded Kira Systems, a leading machine ...

Spotting issues with assignment clauses in M&A due diligence

Although not nearly as complex as change of control provisions, assignment provisions may still present a challenge in ...

Special Report on Legal Technology – Rise of the Machines

Last month, The Lawyer published "Special Report: Legal Technology – Rise Of The Machines", which discussed the ...

What is change of control and how does it operate?

For many lawyers, as soon as you set foot in a law firm, one of your very first tasks may well be a due diligence ...

Kira Systems road tests forthcoming API with Legal Hackers LA

This past weekend, Kira Systems sponsored the second annual Code The Deal Hackathon produced by Legal Hackers, held at ...

Technology to help the World Humanitarian Summit

Linklaters used Kira to review the body of evidence and perspectives on humanitarian aid for the World Humanitarian ...

Free guide: Reviewing change of control & assignment provisions in due diligence

Due diligence may not be the glamorous work that you imagined performing as an M&A lawyer or banker. In due time, you ...

Implications of Lola v Skadden for document reviewers and their computer replacements

tl;dr: Recent appeals court ruling means (1) lawyers doing document review may be eligible for overtime back-pay and ...

One ring to rule them all? Will IBM's Watson transform contract review and law practice?

Watson is almost certainly the most significant technology ever to come to law, and it will give lawyers permission to ...

Using machine learning for contract review in due diligence and corporate contract management

Ask any transactional lawyer about the contract review process, and you will likely hear the horror stories: Tedious ...

At the inflection point: the CMO's role in reinventing law firm business models

In May, I had an opportunity to join the Law Firm Marketing and Business Development Leadership Forum* in New York, ...

Kira joins top real estate tech startups at Disrupt CRE New York

Kira joined over 30 companies at last week's Disrupt CRE event in New York to discuss the future of the commercial real ...

Will your next lawyer be a machine? - Presentation at SXSW

Sunday, at the South By Southwest Interactive Conference, Nicole Bradick of CuroLegal and I presented on "Will Your ...

DiligenceEngine is now Kira!

Prior to co-founding DiligenceEngine, I was an M&A lawyer at a leading New York City firm. I did due diligence contract ...

DiligenceEngine Covered in Lawyerist

I've been a longtime reader of Lawyerist, and it was very nice to get to walk Sam Glover through trying our system. M&A ...

DiligenceEngine in the Financial Post as a "Canadian legal tech darling"

Mitch Kowalski is a favorite legal market commentator of ours, and we're blushing at his kind Financial Post writeup of ...

Noah Interviewed by GC Research Club

Over the summer, I did an extensive interview series with William Barns-Graham of GC Research Club. It was long enough ...

DiligenceEngine Included in "The Current State of Machine Intelligence"

Shivon Zilis, an investor at Bloomberg Beta, recently put out a company landscape covering "The Current State of ...

Audio/Slides of Noah's Talk at ILTA14 Online

In late August, I spoke at ILTA14 with Ryan McClead, Michael Mills (Neota Logic), Stuart Barr (HighQ), and Joshua ...

Non-Standard Contract Clause Detection is Easy to Build, Hard to Get Right — Contract Review Software Buyer's Guide Part XIV

My "More Efficient Future, Fewer Lawyers?" Talk at the International Legal Technology Association Conference

This past Thursday, I spoke at ILTA14 with Ryan McClead, Michael Mills (Neota Logic), Stuart Barr (HighQ), and Joshua ...

Do-It-Yourself Instructions on How to Add Non-Standard Clause Detection to Your Contract Metadata Extraction System — Contract Review Software Buyer's Guide Part XIII

  Spotting outlying contract provisions isn't as much fun as finding the 16 differences between these two images. ...

Do-It-Yourself Instructions on How to Build an Automated Contract Provision Extraction System! — Contract Review Software Buyer's Guide Part XII

DiligenceEngine Covered in "Robert Ambrogi's LawSites"

Earlier this month, Bob Ambrogi put up a quite thorough description of our contract review system on his "LawSites" ...

DiligenceEngine Featured by The Canadian Bar Association "National" Magazine

Yves Faguy, the senior editor of The Canadian Bar Association's National Magazine, just put up a nice interview with me ...

Further Information on Why Who Instructs An Automated Contract Provision Extraction System Matters – Contract Review Software Buyer’s Guide Part XI

Noah Presenting at ReInvent Law

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Garbage In, Garbage Out: Why Who Instructs An Automated Contract Provision Extraction System Matters – Contract Review Software Buyer’s Guide Part X

  Good way to build accurate contract provision extraction models?

People Make Mistakes in Contract Review. Here's How.

  Optimal contract review conditions?

Automated Contract Review in The Wall Street Journal

Automated contract review came up in a recent piece in The Wall Street Journal on "The Data Companies Wish They Had." ...

Improving Contract Management and Analysis — Ron Friedmann

Improving Contract Management and Analysis — Ron Friedmann

Machine Learning-Based Contract Provision Extraction on Poor Quality Scans – Contract Review Software Buyer’s Guide IX

tl;dr: ML-based contract provision models can be robust enough to work on poor quality scans and unfamiliar agreements, ...

Recent External Coverage of DiligenceEngine

We have had law firm and corporate users doing real deals with the assistance of our contract review software for quite ...

Machine Learning Based Automated Contract Provision Extraction – Contract Review Software Buyer’s Guide Part VIII

tl;dr: Put contract provision examples in, get provision models out.

Calling "Bullshit" About Changes to Lawyer Regulation

You want to be a great humanitarian? Give it away for free. But you don’t. You sell it, just like the other altlaw ...

Foundations of Machine Learning-Based Contract Review Software – Contract Review Software Buyer’s Guide Part VII

The past several posts in the Contract Review Software Buyer’s Guide have gone into details of how manual rule and ...

Comparison- and Header Detection-Based Automated Contract Provision Extraction – Contract Review Software Buyer’s Guide Part VI

The two previous installments of the Contract Review Software Buyer’s Guide covered how manual-rule based contract ...

New DiligenceEngine Feature: Sharing

Contract review is often a team activity. Multiple people can share first level review duties across a pool of ...

Is Law Firm Pedigree a Thing of the Past?

In a recent Harvard Business Review blog post, Dina Wang and Firoz Dattu argue "that GCs are increasingly willing to ...

Manual Rule-Based Automated Provision Extraction Software Case Study: Mumboe – Contract Review Software Buyer's Guide Part V

Keyword searches are the easiest way to find contract provisions. But how well do they work on unfamiliar agreements? ...

Will "Robolawyers" Dominate The Future of Law?

Is law practice changing dramatically or will good lawyering always be centered around the same skills as ever? Are ...

No Rules: Problems With Rules-Based Contract Provision Extraction – Contract Review Software Buyer's Guide Part IV

  This Gordon Gecko-esque cell phone is a good metaphor for manual rule-based contract metadata extraction systems: ...

How Automated Contract Provision Extraction Systems Find Relevant Provisions, And Why "How" Matters – Contract Review Software Buyer’s Guide Part III

People who review contracts generally need to do this work accurately. In fact, one of the principal problems with the ...

What Contract Review Software Systems Do And Why They Exist – Contract Review Software Buyer's Guide Part II

More and more companies are offering contract review software systems. This post gives more details what these systems ...

New DiligenceEngine Public Website Pages

I'm happy to report that the DiligenceEngine website is much more descriptive than before.

Contract Review Software Buyer's Guide – Introduction

The contract review software space is getting more crowded—I came across two new competitors in two days earlier this ...

Why Lawyers Should be Required to Keep Abreast of Relevant Technology

New DiligenceEngine Overview Video

[vimeo http://www.vimeo.com/70460795 w=500&h=376]

DiligenceEngine's Alex & Noah interviewed at lawTechCamp2013

What is the "New Normal"? And Who gets Cut in It?

Earlier this week, Weil, Gotshal & Manges ("among the nation’s most prestigious and profitable law firms") made a round ...

What's New: Document Viewer, Higher Accuracy, Indemnity Extraction and More

We're constantly working to improve the DiligenceEngine system. Since our first test users tried the system nearly a ...

Following the Same Tack to Mediocrity

How we test DiligenceEngine's accuracy

We say that DiligenceEngine finds 90% or more of the instances of nearly every contract provision it covers. How do we ...

Legal Automation: Career Alternative for Laid-Off Law Firm Partners?

The Wall Street Journal reports that layoffs have been hitting law firm partners, with more to come.

The Future Is Coming to Corporate Law Practice, Like It Or Not

Force Majeure - What is it? When & why these clauses matter? How can we help you find them quickly

Hurricane Sandy impacting the New York/New Jersey/Connecticut area serves as a good reminder of why force majeure ...

DiligenceEngine Dramatically Speeds Up Legal Due Diligence Contract Review

New DiligenceEngine User Interface Launches!

We are constantly improving DiligenceEngine. Since our first test users tried the system, we have significantly ...

How Law Firm CIOs Can Make Corporate Associates Happy

How Accurate is DiligenceEngine at Finding Contract Provisions?

DiligenceEngine quickly reads agreements for user–specified provisions (e.g., term, assignment, change of control) and ...

Tapping Out Our Story: New DiligenceEngine Website

Where Legal Jobs are Going to Be

The New York City Bar Association has convened a task force to study the current tight legal job market. The Wall ...

How to Cheat at Due Diligence

Is Lawyer Regulation Killing Law Firms?

Today's Wall Street Journal features an article by Clifford Winston and Robert W. Crandall of the Brookings ...

My Co-Worker is a Robot: The [Coming] Age of Legal Informatics Presentation Video

Here's a video of Alex's and my presentation at lawTechCamp 2012 (held on May 12, 2012 in Toronto, Canada) titled My ...

Is Your Due Diligence Accuracy a "Known-Known"?

April Fools! Or Not.

Is Technology Making Us Dumber?

Has your once-good ability to remember phone numbers declined to the point where you can dial few without looking? Do ...

Pub Crawls and Information Overload

Information overload is one of the world's major commercially-addressable problems. More information than ever is ...

Stepping Out!

I'm happy to report that we now have a website that says what we do. Which is build software that helps users review ...

How to Compete with Increasingly-Powerful Technology

Increasingly powerful technology is transforming industries worldwide, and there's more to come. Even white collar work ...

Will New Technology Kill Off Junior Lawyer Jobs?

BlackBerries 8x More Data-Efficient than Androids

We try to restrict ourselves on the DiligenceEngine Blog to discussing (1) legal tech and efficiency and (2) what we're ...

Better Legal Training is Only Part of the Problem

The New York Times recently ran a long, detailed and worth-reading article entitled "What They Don't Teach Law ...

AI: Threat or Opportunity for Lawyers?

The Economist recently ran a post on their Babbage (science and technology) blog on whether the "Luddite Fallacy" ...

Solving the "First-Year Dilemma"

The Wall Street Journal recently ran a piece on the growing number of corporate clients who refuse to pay to have ...

Software is Writing News Articles. Here's Why Lawyers Should Care

Reading Carol Bartz's Employment Contracts

Here at the DiligenceEngine Blog, we ususally restrict ourselves to discusssing (1) legal tech and efficiency and (2) ...

Making Junior Lawyers Better Value

The Wall Street Journal Law Blog recently ran a piece on Debevoise & Plimpton and Skadden, Arps, Slate, Meagher & ...

Law Firms Make More Money Being More Efficient

Law firms can increase profits by being more efficient. Sure, this is obvious for firms that bill fixed fee: lower ...

The End of Lawyers?

Anyone interested in the future of legal practice should read Richard Susskind's "The End of Lawyers?: Rethinking the ...

All-Inclusive?

Clients are increasingly pushing back on passed-on fees for disbursements, according to an Administrative Director in ...

Automating Law

DiligenceEngine is focused on a specific problem: improving legal due diligence. But our work fits into a broader ...

Issues Considered in Legal Due Diligence

In line with previous posts explaining the background to what we do (make legal due diligence better, faster and ...

Low-End Work in High-End Law

The Wall Street Journal ran a piece on the expanding use of contract attorneys. For the unfamiliar, contract attorneys ...

"Legal Due Diligence" Explained

Continuing our series on the background to what we do (make legal due diligence better, faster and cheaper), here's an ...

Going Beyond Providing Just Great Legal Advice

The New York Times just ran an interesting article on how (1) legal outsourcing firms are creating jobs for American ...

Biglaw Tries "In-Sourcing". Profits and Good Jobs Ensue

The New York Times ran an interesting piece on Biglaw firms opening lower-cost domestic "in-sourcing" operations, which ...

Will the future legal marketplace need less lawyers?

Jordan Furlong of Law21, in a post worth reading, argues that "The future legal marketplace is going to require fewer, ...

Programming Law

Marc Lauritsen, in his thoughtful talk at Ignite Law 2011 "Apps for Justice--Code to the Rescue," argues that law ...

What is "Due Diligence"?

Ever wonder what "due diligence" is? Then we weren't colleagues during my law firm days. But read on. DiligenceEngine ...

"A less gilded future"?

The Economist had a very good article today on changes and challenges for large law firms.  Well worth reading.  A few ...

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