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Kira Systems

AI-powered platform that automates contract review and analysis for legal professionals to streamline due diligence and mitigate risk.

Pricing
Enterprise contract
Built for
BigLaw (AmLaw 200)
Funding
Acquired
Team size
501-1000
Founded
2011

Use cases

Contract draftingContract review/RedliningDocument summarizationKnowledge managementCompliance monitoringDue diligance

Practice areas

Corporate / M&ALitigationReal estateRegulatory

Company

Kira Systems, now part of Litera (litera.com), offers Kira, an AI-powered contract intelligence platform. Kira uses machine learning and generative AI to identify, extract, and analyze text in contracts and other legal documents. The platform is designed to help legal teams—such as law firms and corporate legal departments—automate contract review, mitigate risk, and accelerate due diligence processes by providing accurate and efficient contract analysis. Its AI product is specifically targeted at legal professionals seeking to streamline and enhance their document review workflows.

Use cases in depth

Litera offers a suite of legal technology solutions, primarily centered around its AI-enabled platform, Litera One. Key features and functions include: - Unified legal work interface within Microsoft 365 and Google Workspace - AI-powered drafting, review, and knowledge management - Granular feature control for administrators to manage access at user and group levels - Integration with Microsoft Word and Outlook for seamless workflow - Kira: AI-powered contract analysis for accuracy and risk mitigation - Metadact: Metadata cleaning and data loss prevention - Office & Dragons: Mass document generation and editing - pdfDocs: PDF management tools - Litera Create: Legal document creation with templates, content saving, numbering, anonymization, and flexible content insertion - Secure, purpose-built generative AI for legal workflows - Litera Transact: Transaction management with dynamic custom columns and enhanced integrations These tools are designed to streamline legal workflows, enhance document quality, and improve efficiency for legal teams.

Practice area fit

Litera supports a wide range of legal practice areas, with a particular focus on Corporate/M&A, Litigation, and Transactional work. Its solutions are also applicable to other areas such as Real Estate, Regulatory, and general legal operations, but the primary emphasis is on corporate transactions and litigation workflows. Key features and functions of Litera include: - Document drafting, review, proofreading, and formatting (Litera Draft, Litera Check, DocXtools) - AI-powered contract review and due diligence (Kira) - Transaction management and deal closing (Litera Transact) - Litigation case management and workflow (Litera Litigate) - Document comparison and metadata cleaning (Litera Compare, Metadact) - PDF management, binder creation, and content crawling (pdfDocs, ContentCrawler) - Knowledge management and experience management platforms (Foundation) - Business intelligence, analytics, budgeting, and pricing tools - Collaboration tools for real-time editing, workflow management, and secure data rooms - Integration with major legal and productivity platforms (Microsoft 365, iManage, etc.) Litera’s ecosystem is designed to streamline legal workflows, reduce errors, automate repetitive tasks, and improve collaboration and client service for law firms and corporate legal departments of all sizes.

Security & compliance

Litera is covered under the following security and compliance certifications: - SOC 2 Type II - ISO/IEC 27001:2022 These certifications are confirmed by Litera's Trust Center and Microsoft 365 App Certification listings. There is no clear evidence from official sources that Litera claims GDPR, HIPAA, or CCPA compliance at this time.

Data handling

Litera explicitly states several data handling practices relevant to your keywords: - "No data retention": Litera mentions that approved enterprise AI platforms can have "no data retention" for client data, ensuring privacy and compliance. - "Client data not used for training": While not stated verbatim, Litera emphasizes strong contractual privacy protections and compliance, which typically includes not using client data for training AI models. - "On-prem deployment" and "Private cloud": Litera offers deployment flexibility, including on-premises and private cloud options, to meet client security and compliance needs. - "Customer-managed encryption keys": While not explicitly stated in the search results, Litera highlights enhanced security and compliance, which often includes options for customer-managed encryption keys in enterprise deployments. Litera is also committed to secure and compliant data handling, with ISO 27001 and SOC 2 Type II certifications.