LinkSquares headquartered in Boston offers a contract management solution featuring AI-driven analytics, metadata extraction, and secure contract centralization and repository.
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Kira
Score 7.6 out of 10
Enterprise companies (1,001+ employees)
Kira, now from Litera (acquired August, 2021) is software that searches and analyzes contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organization, real estate and compliance. Using Kira Quick Study, anyone can train additional models that can identify any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses.
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Pricing
LinkSquares
Litera Kira
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
LinkSquares
Kira
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
No
Entry-level Setup Fee
No setup fee
Required
Additional Details
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More Pricing Information
Community Pulse
LinkSquares
Litera Kira
Features
LinkSquares
Litera Kira
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
LinkSquares
8.1
Ratings
2% above category average
Litera Kira
-
Ratings
Contract creation
8.00 Ratings
00 Ratings
Contract templates
8.00 Ratings
00 Ratings
Clause library/saved fields
7.60 Ratings
00 Ratings
Guided logic
9.00 Ratings
00 Ratings
Contract Collaboration
Comparison of Contract Collaboration features of Product A and Product B
LinkSquares
6.3
Ratings
27% below category average
Litera Kira
-
Ratings
Contract sharing
8.00 Ratings
00 Ratings
Collaborating on contracts
5.00 Ratings
00 Ratings
Approval process
6.00 Ratings
00 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
For any small legal department, it is a must. It's like having a paralegal keeping you organized. I'm not sure how a large legal department might us it, but I have a hard time thinking it would be any less useful to them. I am a big fan of all of the time it saves me when managing hundreds of supplier agreements and I need to survey a specific term across all of the agreements. I'm not sure how I would do that without LinkSquares' help.
Kira is a great due diligence tool and can be well utilised on both large and small transactions. It also has good application if you are looking to compare multiple documents against a model form document or market standard templates. Kira is less useful if you are looking to review emails (e.g. as part of a disclosure exercise); or if your review involves non-Latin based script languages.
If our firm had more contracts in English, the usability of Kira would be rated higher. However, since we have to train clauses in Portuguese in order to use Kira, it makes its usability lower. We still are not able to fully use Kira for reading contracts in Portuguese. It takes a long time and many associate hours to make Kira usable in other languages.
There was an email sent out with technical questions that was not attended to. However, Kira support has been good in general in that emails are well attended to overall, the Kira support portal is great and regular meetings are held.
We initially chose Kira because of the Quick Study feature and because we trust Noah. We've since evaluated Diligen--its features have grown substantially over the past year. We've also tried ContraxSuite, LawGeex, Evisort, Luminance, eBrevia, Heretik, Blackboiler, and many others. It all comes down to the cost + feature set. We will always go with the lowest cost provider with the widest needed feature set (assuming there are no accuracy or performance issues during the pilot).
When trained to read bespoke types of documents, the accuracy can be very good and the consequential time savings very high. In this scenario we have reduced the average time of review of one type of client documents from over an hour to 15 minutes.