Kira (part of Litera) is a machine learning contract review tool that extracts specific provisions and data points from contracts quickly and accurately. Users can apply pre-trained provisions from Kira's library or train custom machine learning models to identify company-specific clause types. The extracted data is structured and exportable for use in due diligence reports and analytics.
Law firms conducting M&A due diligence, lease abstraction, and regulatory review use Kira to dramatically accelerate the contract review process. The customizable machine learning models allow firms to train Kira to recognize the specific provision types most relevant to their practice areas. Due diligence that previously required weeks of associate time can be completed in days.
Kira's machine learning approach to contract review -- where firms can train their own models on specific document types -- provides more flexibility than fixed rule-based extraction tools. The combination of pre-trained standard provisions and the ability to customize for specific document types and practice areas makes it adaptable across different types of legal work.
What the community says
Kira is well-established as a leading contract review tool in M&A and due diligence practice at major law firms. The customizable ML models are praised for adaptability across practice areas. Based on community discussions from legal tech publications and LinkedIn.
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