Global law firm Goodwin has significantly expanded its commitment to using Kira Systems (“Kira”), machine-learning contract analysis software. Following an initial review of competing technologies and a year-long introductory trial license, Goodwin has committed to an expanded renewal license with Kira.
Kira’s award-winning software uses machine-learning technology to uncover information in contracts — even when the wording varies from document to document. Over the course of the trial period, Kira has proven to help Goodwin lawyers reduce time spent on manual contract reviews.
“Leveraging Kira for artificial intelligence due diligence has enhanced our lawyers’ workflows, in turn increasing the value we are delivering to our clients,” said Patty Johansen, Goodwin’s Director of Knowledge Management who leads the firm’s global initiative to embed technology within its transactional practices. “Our M&A associates have embraced the Kira platform, with many referring to it as their ‘secret weapon.’”
Goodwin has embedded the Kira software within the workflows of its Mergers and Acquisitions, and Real Estate Leasing practices. The firm intends to extend deployment to other relevant parts of its business.
“Goodwin is a leader in legal innovation,” said Noah Waisberg, Co-Founder and CEO of Kira Systems. “We are delighted to continue to work with the firm as it considerably expands its use of our machine learning technology and offers marketing-leading solutions to its clients.”
At Goodwin, we partner with our clients to practice law with integrity, ingenuity, agility and ambition. Our 1,000-plus lawyers across the United States, Europe and Asia excel at complex transactions, high-stakes litigation and world-class advisory services in the technology, life sciences, real estate, private equity, and financial industries. Our unique combination of deep experience serving both the innovators and investors in a rapidly-changing, technology-driven economy sets us apart. To learn more, visit us at www.goodwinlaw.com.
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. Our powerful, patented, award-winning software 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. Kira’s certified service providers program and API integrations make Kira accessible to corporations and allows for Kira to be easily embedded in an enterprise’s existing system. To find out more, please visit www.kirasystems.com.