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.
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Relativity
Score 9.4 out of 10
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Relativity (formerly kCura) is a data e-discovery solution supporting litigation, government inquires, internal investigations and data governance policies within a secure cloud platform, from the company of the same name headquartered in Chicago.
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.
In cases involving massive datasets (I.e. regulatory investigations, cross-border litigation), Relativity's powerful search, deduplication, and technology-assisted review features enable fast, accurate identification of relevant documents. For example, we used it in a front-running investigation involving a large asset management firm, where Relativity streamlined data review across multiple custodians. There are multiple use case available.
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.
Very powerful tool, but does require a high level of expertise and head count to administer the product.
If hosting yourself, requires investment in servers and ideally is housed in a data center
Providers need to pay kCura a monthly user license fee for every user who has access to the tool. Providers can purchase blocks of users, but with a large amount of users on a case, it's cost that some external clients are not thrilled about
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.
Relativity is a well established tool that continues to evolve and look for ways to improve. Particular focus on Australian workflows is very promising for us and appreciated. There is a lot of scope for improvement in the processing and PDF workflows but it is great to see Relativity being proactive in those areas
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.
Relativity contains all the features together in a single platform. And most of all other than Brainspace none of the other tools have document review capability as good as Relativity has.
