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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Streamlit
Score 8.9 out of 10
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Streamlit is an open-source Python library designed to make it easy to build custom web-apps for machine learning and data science, from the company of the same name in San Francisco. Streamlit also hosts its community's Streamlit Component offered via API to help users get started.
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.
- Don't want to pay Tableau $1,000 / seat? Use Streamlit - Want fully custom views and navigation? Use Streamlit - Want access to Machine Learning and not just your dev team? Use Streamlit - Want to keep things internal and secure? Use Streamlit - Want your Data Science team to be able to crank out projects quickly? Use Streamlit - Sick of Jupyter Notebooks and Business Leaders not understanding them? Use Streamlit Our D.S. strategy has moved completely to delivering pages in Streamlit. I can hand an executive a Jupyter notebook and it'll get lost in translation. I can give them sign-in access to a page and they can answer all of their own "What-If?" questions! We've used Streamlit to productize our Data Science and Machine Learning capabilities.
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.
Recent Security issues (they quickly released an update to combat this though...)
Requires a bit of HTML knowledge to really customize. If you're going quick, you don't need HTML though. Streamlit commands will pump your page out fast.
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.
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.
I started using Streamlit when it first came out and thought it was really useful and powerful. A few years later and they've really hit their stride! The features / widgets / materials they provide have been well researched, well designed, and well implemented. I will take Streamlit to any future companies I go to as well as be a strong promoter wherever I'm currently at. It's free. It's easy to use. It is really powerful. Sure? You could go pay for a larger system but your Data Science team should be able to handle Streamlit easily. I'd argue a non-technical person spending a few weeks in python could pick up Streamlit really quickly.
