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Kira

Score7.6 out of 10

27 Reviews and Ratings

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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

Login Screen
Kira Dashboard
Document & Contract Review
Training Custom Smart Fields

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Reviews

What users are saying about Kira.
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Brazilian Perspective

Incentivized
George de Magalhães CarvalhoView profile
Lawyer in Legal at Lobo & de Rizzo Advogados (201-500 employees employees)

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

Incentivized
Ali Shahidi
CInO in Professional Services at Sheppard Mullin (1001-5000 employees employees)

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.

Incentivized
Coleta Wesso
Attorney in Legal at ENSafrica (501-1000 employees employees)

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

Incentivized
Andy Mc DonnellView profile
Legal Solutions Architect in Legal at McCann FitzGerald (501-1000 employees employees)

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

Incentivized
Stephen Allen, FRSAView profile
Innovation and Digital at Hogan Lovells (5001-10,000 employees employees)

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.

Usability

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