Kira Systems

Overview

Kira Systems, now part of Litera, is a leading AI software for identifying and extracting relevant information from contracts and other documents. It utilizes machine learning to automatically identify clauses, provisions, and data points within unstructured text, significantly reducing the time and effort required for manual review.

The platform comes with pre-trained 'Smart Fields' for common provisions (like change of control, assignment) and also allows users to train the AI to identify custom clauses and data points specific to their needs. This flexibility makes Kira invaluable for tasks like due diligence in M&A, lease abstraction, regulatory compliance review, and general contract management and analysis. By automating the initial review and extraction process, Kira enhances accuracy, mitigates risk, and allows legal teams to focus on higher-value strategic work.

Key Features

• AI-powered clause and data identification
• Pre-trained Smart Fields for common provisions
• Ability to create and train custom fields
• Automated data extraction from documents
• Accelerates due diligence and contract review
• Supports multiple document formats
• Reporting and data export capabilities
• Highlights inconsistencies and missing information

Supported Platforms

• Web Browser

Integrations

• Document Management Systems (e.g., NetDocuments, iManage, OpenText)
• Contract Lifecycle Management (CLM) systems