AG has announced its deployment of Kira Systems’ software having integrated it into its delivery model to provide legal services more efficiently, quickly and accurately. The firm carried out an 18 month pilot of a range of artificial intelligence systems which was led by its Transaction Services Team (TST).
Work has been carried out for a number of the firm's clients with the initial focus being on applying Kira to Corporate, Banking and Real Estate transactional work. To carry out the pilot and the implementation of Kira, the TST worked in conjunction with lawyers from across the firm. The TST has a specialist technology team which was set up in early 2015 and works with the firm's lawyers and clients to build technology solutions to deliver legal work in a different way.
Mountain View, CA (October 6, 2016) – Fenwick & West today announced it has partnered with Kira Systems to immediately deploy Kira’s artificial intelligence (AI) tool for document review and analysis during the due diligence process for its mergers and acquisitions (M&A) practice.
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Premier Irish law firm McCann FitzGerald today announced its investment in artificial intelligence software from leading software provider Kira Systems. Having successfully trialled the state-of-the-art Kira software, it will be deployed in M&A, corporate finance and capital markets transactions, resulting in increased efficiency, greater accuracy and lower costs for clients.
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Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has announced a strategic partnership with machine learning software provider, Kira Systems. The firm will use Kira in its Legal Services Centre to support efficient delivery of transactional work across all practice groups.
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August 30, 2016, Toronto, ON – Kira Systems, the machine learning contract analysis software provider, today announced Kira Quick Study 2.0, a major upgrade to its proprietary technology that identifies clauses and other metadata from contracts and related documents. The upgrade makes Kira even faster at learning to identify new clauses, names, dates and other values. Kira employs a wide array of advanced machine learning techniques in order to achieve high accuracy, often with only a few dozen examples. By contrast, other machine learning software typically requires many more examples to achieve comparable accuracy.
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Leading international law firm Clifford Chance has announced that it has entered into a partnership with the artificial intelligence software provider, Kira Systems. Clifford Chance is embracing innovative resources and ways of working to provide the very best combination of people, processes and technology solutions, to deliver a service that exceeds evolving client expectations.
Kira is software that, using artificial intelligence, searches and analyses text in contracts, delivering improved levels of speed, efficiency and quality to processes, adding value to clients. Clifford Chance selected Kira both because it works 'out of the box' with little set up time, and because it can be easily 'trained' – by Clifford Chance lawyers – to learn from the firm's specialist expertise, enabling it to deliver more effectively against the specific requirements of Clifford Chance's clients. The new partnership is the latest step of Clifford Chance's successful global innovation commitment which constantly challenges the firm to develop new ways of working and delivering to clients.
Last year, Clifford Chance appointed Bas Boris Visser as Global Head of Innovation and Business Change. Bas Boris is the champion for the firm's strategy to anticipate, respond and adapt to key factors shaping the global legal industry, including new technologies and market entrants. Bas Boris Visser explains: “Our clients are under substantial pressure to reduce legal spend. At the same time, they need more support to manage the increasing risks and complex issues that their companies are facing. Deploying Kira is an exciting next step in helping our clients address this demand for greater value, and very much fits into our strategy of embracing innovation to ensure that we deliver the best service to our clients."
June 14 2016 – DLA Piper announced today that it has partnered with Kira Systems to implement an artificial intelligence tool for document review during the due diligence process for M&A transactions.
Kira Systems, the machine learning contract analysis provider, was named a 2016 IDC Innovator in Machine Learning-Based Text Analytics. The report, IDC Innovators: Machine Learning-Based Text Analytics, 2016,1 highlights five notable innovators who offer an innovative new technology, a groundbreaking approach to an issue, and/or an interesting new business model.
Toronto, ON - Kira Systems, the machine learning contract analysis software provider, has been named as one of Gartner’s “Cool Vendors” in Procurement and Sourcing Technology, 2016.