Kira Systems

Kira Systems makes software that reads and analyses contract text using machine learning. It is now part of Litera, whose website presents the product as a tool for contract review and due diligence. Lawyers use it to pull out key provisions across large sets of contracts.

What Kira Systems offers

• Pre-built models — ready-made models covering due diligence, general commercial terms, corporate organisation, real estate and compliance.
• Model training — a tool called Quick Study that lets users teach the software to find almost any clause.
• Smart fields — more than 1,400 ready-made fields for extracting details, plus fields users train themselves.
• Review grids — shared views for deal teams working on mergers, real estate, banking and finance.
• Deployment on data rooms — runs on virtual data rooms and other large contract stores to produce summaries.

Who it works with

Large corporations and professional services firms. It is also used for knowledge management, contract search and analytics where visibility into contract terms matters.

Key facts

• Parent company: Litera
• Works alongside: Microsoft 365, HighQ and Intralinks