#1 most frequent
United States of America
48.9%43 installations of 88
What is Kira?
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.
Categories & Use Cases
Media
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Screenshot of Login Screen
Who Buys & Uses Litera Kira
#2 most frequent
United Kingdom of Great Britain and Northern Ireland
21.6%19 installations of 88
#3 most frequent
Japan
12.5%11 installations of 88
Brazilian Perspective
Pros
- Reading M&A Contracts
- User-friendly interface
- Simple training process
Cons
- Develop other languages out-of-the-box
- Customize options to extract information
- More interactions with VDR providers with need to download documents
Return on Investment
- Reduce hours in due diligence by 15%
- Reduce errors in document analysis
Usability
Kira Review
Pros
- Automatic detection of provisions
- Ability to assign tasks to multiple resources
- Easy to use interface
Cons
- Significantly lacking different levels of permissions for user accounts
- Significantly lacking alerting and notification mechanism
- It is not competitively priced in comparison to other platforms that offer the same technology
Return on Investment
- Positive ROI: Increased comfort level of attorneys and use of tech
- Neutral ROI: It has not significantly change how we handle projects, since there still is a need for manual review
- Negative ROI: It has been cost prohibitive to scale it
Usability
Alternatives Considered
eBrevia and Luminance
Other Software Used
DocuSign, NetDocuments, eBrevia
Kira offers an in-depth analysis of contracts and other documents.
Pros
- Kira quickly identifies, analyzes, compares, and extracts text in contracts and other documents.
- Kira has project management features.
- Kira has hyperlink features.
- Kira has exporting features.
Cons
- Not having the ability to analyze handwritten or less legible content.
- Kira should bestow clauses that cover jurisdictions globally.
- The structure of Kira could improve. For example Worksheets could follow Document List.
Return on Investment
- Kira has assisted in document comparisons.
- Kira has assisted in due diligence investigations.
- Kira has assisted with the speed in which projects are attended to.
- Kira has been used within our firm, however with increased usage comes a greater ROI.
Usability
Other Software Used
Nuix Discover (formerly Ringtail)
AI that provides defined benefits
Pros
- User friendly
- High degree of accuracy
- Easy to manage projects
- Excellent search capabilities
Cons
- More options for exporting results.
- Integration with document automation platforms.
- Separate client only view.
Return on Investment
- More efficient reviews.
- Increased comfort in use of technology.
- Marketing
- Some level of disappointment due to “AI."
- Limitations in export options is an annoyance at times but nothing insurmountable.
- Better understanding of use machine learning tech in practice.
Usability
Alternatives Considered
iManage Insight and Luminance
Other Software Used
HighQ Collaborate, HighQ Publisher
Kira fan
Pros
- Stable.
- Easy to train.
- Easy to use.
Cons
- Would be great to be able to have a market for trained fields.
Return on Investment
- Reduce costs of review for clients.
- Enables us to review more documents.
- Can share progress of review.
