Kira Systems
Kira Systems was a pioneering AI platform focused on contract analysis, particularly for M&A due diligence and lease abstraction. Acquired by Litera in 2021, Kira's technology is now a core component of Litera's AI strategy. It uses machine learning to automatically find and extract specific clauses, provisions, and data points from large volumes of contracts and other documents. Kira comes with pre-built "smart fields" trained to recognize hundreds of common provisions, but users can also quickly train custom models using its "Quick Study" feature to find unique or specific information. It's designed to significantly accelerate document review processes, improve accuracy, and provide structured data for analysis, often used within Litera's transaction management workflows.
Key Information
Pricing
Model: SaaS subscription via Litera. Requires custom quote.
Starting at: Not publicly disclosed.
Free Plan: Not Available
Trial: Not Available
Audience
Primary: Law Firms (M&A, Real Estate, Corporate practices), Corporate Legal Departments, Professional Services Firms (Accounting, Consulting).
Secondary: Financial Institutions, Alternative Legal Service Providers (ALSPs).
Use Case
M&A Due Diligence contract review, Lease Abstraction.
Pros & Cons
Advantages
- Significant time savings on document review
- High accuracy for trained provisions
- Ability to quickly train custom models
- Reduces risk of missed clauses
- Provides structured data output for analysis.
Limitations
- Now part of the larger Litera ecosystem (requires buying into Litera)
- Pricing likely enterprise-focused
- Effectiveness depends on model training (pre-built or custom)
- Primarily focused on analysis/extraction rather than full CLM workflow (though integrated).
AI Capabilities
- Machine Learning (ML) for clause identification and data extraction
- Natural Language Processing (NLP)
- Supervised Learning (Quick Study feature for custom model training).
Integrations
- Integrates with Litera Transact
- Likely integrates with major DMS (iManage, NetDocuments) via Litera platform
- API potentially available.
Unique Features
- Proven accuracy and effectiveness in contract analysis (especially due diligence)
- User-friendly "Quick Study" feature for rapid custom model training
- Strong reputation built pre-acquisition
- Integration into Litera's broader workflow solutions.
Disclaimer: Information accuracy is not guaranteed. Always verify details directly with the provider and consult with qualified professionals before making decisions. This tool is not a substitute for legal advice.