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Attorneys in transactional practices have found Litera Kira to be an invaluable tool for organizing workflow, managing tasks, and …
Overview
What is Kira?
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…
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What is Kira?
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…
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What is Kira?
Kira is a machine learning software that identifies, extracts, and analyzes content in contracts and documents with accuracy and efficiency. From increasing the efficiency of the contract review process to the flexibility of building and integrating solutions together, Kira is designed to allow users to easily extract insights from contracts and documents.
Kira is now from Litera, since the August 2021 acquisition.
Kira is now from Litera, since the August 2021 acquisition.
Kira Features
- Supported: Machine Learning Technology
- Supported: Built-In Intelligence
- Supported: Quick Study
- Supported: Adaptive Workflows
- Supported: Kira API
Kira Screenshots
Kira Video
Kira Overview Video
Kira Integrations
- SS&C Intralinks DealCentre
- HighQ
- SeeUnity
Kira Technical Details
| Deployment Types | On-premise, Software as a Service (SaaS), Cloud, or Web-Based |
|---|---|
| Operating Systems | Windows, Linux, Mac |
| Mobile Application | No |
Kira Downloadables
Frequently Asked Questions
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.
Reviewers rate Usability highest, with a score of 7.6.
The most common users of Kira are from Mid-sized Companies (51-1,000 employees).
Kira Customer Size Distribution
| Consumers | 0% |
|---|---|
| Small Businesses (1-50 employees) | 10% |
| Mid-Size Companies (51-500 employees) | 30% |
| Enterprises (more than 500 employees) | 60% |
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(27)
Community Insights
TrustRadius Insights are summaries of user sentiment data from TrustRadius reviews and, when necessary, 3rd-party data sources. Have feedback on this content? Let us know!
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Attorneys in transactional practices have found Litera Kira to be an invaluable tool for organizing workflow, managing tasks, and streamlining document review. By automatically detecting provisions, Kira eliminates the need for manual searching and reading, saving significant time and increasing efficiency. According to ENSafrica, their use of Kira Systems for contract and document review projects has resulted in improved efficiency, speed, and accuracy while reducing risk and costs. This is achieved by leveraging Kira's ability to handle large volumes of contracts and documents, making the firm more efficient and increasing capacity. Kira's reliability and adaptability to user and client needs, coupled with strong customer service support, have made it a core tool for due diligence investigations, internal validation exercises, trend analysis in the market, decision making, contract information verification during audit and tax engagements, M&A transactions, legal certificate analysis, outside counsel policy organization, quality control checks, as well as a range of other use cases across various departments internationally. With its ability to quickly identify and extract key terms from legal contracts, Kira allows legal teams to focus on analysis, meet client expectations, reduce costs, improve accuracy throughout project management cycles. Its versatility makes it suitable for organizations of any practice group needing document review and due diligence. Overall, Kira has become an essential solution for law firms looking to streamline their document review processes and expedite due diligence tasks efficiently and effectively at scale.
User-Friendly Interface: Several users have praised Kira for its user-friendly interface, describing it as easy to use and intuitive. They appreciate how the interface allows for a smooth and efficient workflow, making their tasks more streamlined and productive.
Accurate Text Analysis: Reviewers have been impressed by Kira's powerful NLP and AI capabilities, which enable automatic detection of provisions in contracts and other documents. Users highlight the software's accuracy and speed in analyzing and extracting text. This feature has proven to be invaluable for legal professionals conducting thorough reviews.
Efficient Project Management: Many users commend Kira's project management features, finding them helpful in assigning tasks to multiple resources and managing projects effectively. The software streamlines project workflows, allowing teams to collaborate seamlessly while maintaining organization.
Lack of Permission Levels: Some users have expressed dissatisfaction with the lack of different levels of permissions for user accounts in Litera Kira.
Absence of Alerting and Notification Mechanism: Several reviewers have mentioned that they would like to see an alerting and notification mechanism in Litera Kira, as its absence makes it difficult to stay updated on important changes or events.
Not Competitively Priced: A number of customers have stated that they find Litera Kira to be not competitively priced compared to other platforms offering similar technology, which has been a drawback for them.
Attribute Ratings
Reviews
(1-12 of 12)Companies can't remove reviews or game the system. Here's why
August 14, 2020
Kira for Single Document Review
The Practice Innovations department handles setup and manages all ongoing Kira projects. We currently use Kira to speed up high-volume contract reviews for clients and to organize our outside counsel policies.
- UI/UX - tagging and naming feels much easier than you'd expect machine learning to feel
- Accuracy - Kira's built-in models perform well out of the box
- Assistance - Kira's support team gets back to me same day if I have a question
- Missing functionality - rules; regex; that's the next step in our workflow we'd like to automate
- Quick Study - I'd prefer a quick study window that I could personalize more. Alphabetical foldering means I usually have to search for my clauses because it's too hard to find them when scrolling. There are too many clauses in Quick Study that we've never used and can't edit. Why not have a separate built-in clause bank?
- Renaming documents - people upload them with crazy names. I'd rather be able to change the name than have to determine whether it's worth the cost to re-upload the same document with a helpful name.
Score 8 out of 10
Vetted Review
Verified User
It is almost exclusively used as a due diligence tool at my firm. The main users are trainees, junior associates and our ALT teams in Belfast and Australia. As far as I'm aware, it is mainly used for M&A transactions.
- Automated review of documents which are in a similar form.
- Use of smart fields/filters.
- Customisation.
- Integration with other providers.
- Desktop launch.
June 29, 2020
Overall positive, but somewhat mixed
Review various types of contracts with specific provisions of accounting significance. We use it as a quality control check to make sure we didn't miss anything when we read the agreement. It is being used by both our assurance/audit practice as well as our tax practice and risk advisory practice.
- Good agreements already trained by Kira.
- Reviewing documents in Kira with color coding.
- Export to Excel/Word.
- Ability to customize access and structure at organization level/restrict which models can be used.
- More detailed user guides.
- More models trained by Kira for accountants.
Our firm has used Kira so far mostly for training it to read contracts in Portuguese. We have achieved good accuracy in some clauses so far and have used the software in a few due diligences for M&A transactions. Kira was used only in controlled scenarios and by people that are part of our project on implementation.
- Good out of the box clauses in english with great accuracy.
- Good costumer services, always with fast and efficient responses.
- Easy to use, not requiring much training for using.
- Kira doesn't have out of the box clauses in other languages.
- High prices, especially considering the market in Latin America.
- Capacity of reading other types of documents, such as certificates.
June 29, 2020
Kira - Good doc review platform
We use it broadly across the whole organisation, however some teams use more than others (Commercial and Real Estate). We use it for business as usual document reviews, as well as some larger projects focussed around diligence exercises and/or contract reviews. It solves the problem of inefficient doc review tools / manual processes being carried out by junior members of the firm. Speeds teams up a lot on that first level of review.
- UX - very easy to use and train people on.
- OCR and doc search is well organised and functional.
- Comparison feature really good.
- Project management features make review teams easier to manage.
- Built in provisions really useful for standard documents.
- Training new provisions can sometimes be a bit unwieldy.
- Search across all documents sometimes too over inclusive (in documents it is great).
- Inability to rename folders and files in the platform.
June 27, 2020
Kira Review
It is being used by attorneys in our transactional practices on select projects. It helps organize incoming workflow and enables us to manage tasks by spreading the work across multiple resources. Additionally, it streamlines the process of document review by automatically detecting provisions. It reduces the time typically used to do the same tasks manually.
- Automatic detection of provisions
- Ability to assign tasks to multiple resources
- Easy to use interface
- Significantly lacking different levels of permissions for user accounts
- Significantly lacking alerting and notification mechanism
- It is not competitively priced in comparison to other platforms that offer the same technology
June 25, 2020
Kira: A big law perspective
- Used to improve the way we carry out transactional document review exercises, enabling us to more effectively and efficiently carry out those exercises, and at a greater scale than would otherwise be possible.
- Used across our international practice.
- Heavy use in our low-cost paralegal team—Legal Delivery Centre.
- Quickly surfacing unstructured data from large sets of documents.
- Assisting with the workflow aspects of a doc review exercise.
- Expanding the set of built-in smart fields to cover non-English languages.
- A wider range of integrations with other tools. Existing integrations to be more fully-featured and customizable.
- Ability to record and surface structured data from documents.
- More customization of format of exported output.
- Comprehension of "families" of documents (eg. a primary document and subsequent variation/amendment documents). Kira currently treats documents on a doc by doc basis.
June 25, 2020
AI that provides defined benefits
We are currently using it for due diligence exercises across the firm. It allows us to speed up the review, and assists with the accuracy of our review. We also use it for internal validation exercises and determine trends in the market. Finally, we use it to help search across certain decisions from quasi-judicial bodies to determine trends in decision making.
- User friendly
- High degree of accuracy
- Easy to manage projects
- Excellent search capabilities
- More options for exporting results.
- Integration with document automation platforms.
- Separate client only view.
June 25, 2020
Kira Systems: Making document review a better experience for the legal team and the clients!
We have used Kira System to assist with the first review of large data-sets in the context of transactions.
To date, 3 of our practice groups have used the tool—our Corporate, Property, and Employment teams.
Being a mid-sized firm we don't have teams of people to review large-ish document sets. Even if we did, clients don't have the appetite to pay for teams of people to identify and extract key terms. The value is not in identification and extraction but rather in the legal team's review of those terms. Using Kira assists us in meeting the expectation of our clients. They appreciate that we form strategic partnerships with others, such as providers of legal tech to help provide the best legal service and keep the costs down. Using Kira to identify and extract key terms means that our legal teams can focus on the analysis and are often earlier on in the process due to Kira's ability to undertake this task very quickly irrespective of it being a large and often unstructured data-set.
To date, 3 of our practice groups have used the tool—our Corporate, Property, and Employment teams.
Being a mid-sized firm we don't have teams of people to review large-ish document sets. Even if we did, clients don't have the appetite to pay for teams of people to identify and extract key terms. The value is not in identification and extraction but rather in the legal team's review of those terms. Using Kira assists us in meeting the expectation of our clients. They appreciate that we form strategic partnerships with others, such as providers of legal tech to help provide the best legal service and keep the costs down. Using Kira to identify and extract key terms means that our legal teams can focus on the analysis and are often earlier on in the process due to Kira's ability to undertake this task very quickly irrespective of it being a large and often unstructured data-set.
- Review of large unstructured document sets very quickly. Often the identification and extraction of identified key terms can happen in a few minutes.
- Many pre-build key terms particularly for mergers and acquisitions.
- Training Kira to recognize locally used terms and concepts is easy to do.
- Some project management functionality i.e. the ability to set up project groups and assign tasks to members in the project team.
- More assistance with the building of locally used terms and clauses particularly for smaller firms who don't have the people to sit and train.
- Nicer looking standard templates.
June 23, 2020
Kira as a Legal Diligence Solution
We use Kira for M&A diligence. We represent an organization that does 10-20 purchases per year, and therefore we have a lot of legal contracts we review. Kira pulls all the terms that we are concerned about as part of an acquisition and cuts down time that our legal team would have to spend searching through and reading all contracts.
- Pulls specific terms from a contract
- Search terms in a typically "unsearchable" (scanned) PDF
- Control what terms exactly you are looking for
- Training process for new terms is complicated
June 23, 2020
No longer value for money for our usage and needs
Specific teams of lawyers use it for specific deals. My team uses it to train on specific provisions or run specific projects on behalf of clients or to support lawyers. It is used to help run due diligence projects more efficiently. It enables junior lawyers to manage the delegation and completion of a number of tasks within a due diligence/contract review. It allows lawyers to copy and paste provisions into Word quicker by automating parts of the process.
- The dashboard screens allow lawyers to easily add and manage tagging of provisions in one place.
- The UI allows lawyers to manage a large number of agreements at once and jump between the identified provisions and the underlying document.
- The analysis charts allow for a more high-level overview of the grouping of documents allowing lawyers to drill down to specific provisions really quickly.
- The already trained provisions need improving - we find a lot of them need retraining on our documents to be helpful. Too many false positives still.
- Being able to ignore some provisions from the review - particularly where Kira is bad about identifying them.
- Being able to share some of the outputs with clients (especially on the comparisons side). The heatmaps are great but being unable to share them make them less useful to internal teams.
- The integration with HighQ needs some work to make it more useful for the kinds of client interactions needed.
- The Pricing Model needs to be much more flexible and reflect the different ways that the tool is being used at organisations.
- Client service, account management and communication need improvement.
June 21, 2020
Kira is a great tool
Kira is used in various departments in our organization. For the first few years, the primary use of Kira was for M&A Due Diligence. For the past couple of years, we've been exploring more uses, for example, contract analysis, contract management, and deal studies. The recent "shelter in place" world that we live in has expanded our user's acceptance of Kira.
- Our lawyers love using Kira in straight-forward due diligence projects.
- Recently, more specialists have become interested in using due diligence for their reviews.
- Kira handles the project management very well.
- Working with data rooms (importing updates to the data room) is our users #1 complaint.
- Reporting: It's pretty basic, better graphical interpretation of the results would be helpful.
- Identification of similar documents: I know they're working on it but it would be a good feature to have.