Contract Logix is a SaaS-deployed contract management software solution.
N/A
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.
N/A
Pricing
Contract Logix
Litera Kira
Editions & Modules
No answers on this topic
No answers on this topic
Offerings
Pricing Offerings
Contract Logix
Kira
Free Trial
No
Yes
Free/Freemium Version
No
No
Premium Consulting/Integration Services
No
Yes
Entry-level Setup Fee
No setup fee
Required
Additional Details
—
—
More Pricing Information
Community Pulse
Contract Logix
Litera Kira
Features
Contract Logix
Litera Kira
Contract Authoring
Comparison of Contract Authoring features of Product A and Product B
Contract Logix
10.0
1 Ratings
22% above category average
Litera Kira
-
Ratings
Contract creation
10.01 Ratings
00 Ratings
Contract Monitoring
Comparison of Contract Monitoring features of Product A and Product B
Suited for legal depts to manage contracts from cradle to grave—security levels assigned to ensure the integrity of data. It's great for producing reports for management and managing renewals and expirations of agreements is convenient. Contract Logix also does not require extensive computer skills—easy to navigate. Probably not suited for contracts that need payments as there is no link to financials.
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.
Inability to relabel smart fields to suit the review process means it is hard to align it to particular projects (e.g. it would be useful to relabel the "Assignment" smart field as "Is the contract assignable?")
Not enough non-English smart fields.
Needs the ability to resell user-trained smart fields in a marketplace.
Output is not customizable enough.
Built-in analysis tools are useful but a little basic.
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.
Customer Support is excellent. The online help portal is probably the best I have ever seen. Great videos with content easily found. The HelpLine is staffed by knowledgeable people. The videos have saved us providing a lot of in-house training, which we would struggle to resource. The account managers really know the product and their law firm clients and share best practices and trends.
Kira offers a lot more out of the box than other providers and is also more flexible around integrations. This, plus the clear pricing structure, is why we went for it instead of (or as well as) others. Diligen, RAVN, Leverton, Della, Seal not in list.