London – July 10, 2018 Following the announcement by Allen & Overy that it has licensed Kira Systems’ contract analysis technology, ‘Kira’, Kira Systems has joined the Fuse 2 cohort to help drive adoption.
Allen & Overy has licensed Kira Systems' software, Kira, to assist in contract review in a number of practice areas. Kira Systems' software uses machine learning to automate the extraction and analysis of key provisions from both structured and unstructured contracts, accelerating and improving the accuracy of due diligence, general contract reviews, deal points studies, regulatory compliance, and more.
“We are thrilled to be partnering with Allen & Overy in their commitment to innovation and look forward to hearing more as the firm incorporates Kira into their ongoing services for clients,” said Sam Spivack, AI Practice Consultant at Kira Systems. “Allen & Overy is a firm that always strives towards delivering the highest level of client service, and we are excited to work with them in streamlining their contract review processes.”
The Kira software aims to create more efficiency in their matter handling, so that lawyers can focus on the more complex legal work. Allen & Overy is embedding Kira in its Legal Service Centre in Belfast as well as in a number of its transactional practices to help expedite contract review work and the due diligence process.
“We are always on the lookout for innovative solutions that help our lawyers be more productive and we think Kira fits that bill. We want to ensure we continue to provide a high quality service to our clients,” explained Kevin Oliver, Allen & Overy’s Head of Advanced Technology Delivery.
“We are delighted to have Kira Systems join our latest Fuse cohort,” adds Shruti Ajitsaria, Head of Fuse at Allen & Overy, “it will be invaluable to have them based in our London office as we expand our firm-wide adoption of Kira Systems’ machine learning software.”
By joining the latest Fuse cohort, Kira will be able to work closely with Allen & Overy throughout the onboarding process of Kira’s software across the firm. Already used by the world’s largest corporations and professional service firms, Kira Systems is excited to bring its energy and industry experience to Allen & Overy and participants in the Fuse program.
About Allen & Overy
Allen & Overy is an international legal practice with approximately 5,500 people, including some 550 partners, working in 44 offices worldwide.
About Kira Systems
Kira Systems' technology is the most used and trusted software for contract review and analysis, helping the world's largest corporations and professional service firms uncover relevant information from unstructured contracts and related documents. Kira is powerful, patented, award-winning software that excels at searching and analyzing contract text and can be deployed for due diligence, knowledge management, lease abstraction, regulatory compliance and other projects where visibility into contract provisions is critical. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. To find out more, please visit www.kirasystems.com.