Minneapolis – May 15, 2018 Fredrikson & Byron (“Fredrikson”) announces the renewal and expansion of their agreement to license the machine learning contract analysis solution, Kira, which the firm has found delivers the speed and accuracy their legal teams require to meet evolving client expectations.
By expanding their use of Kira more broadly across the firm, Fredrikson can optimize their expertise and offer more comprehensive contract reviews, while ensuring that they continue to deliver the highest quality client service. Kira leverages machine learning technology to uncover information in contracts – even when the wording varies from document to document.
The firm has used Kira extensively in their M&A practice, which has helped streamline the document review process and increase the speed of review. In addition to using Kira for due diligence reviews, Fredrikson has found that the technology can also assist with a number of other projects and practice areas, including the efficient review and tracking of thousands of contract and lease documents on a large bankruptcy matter.
According to Sarah Olson, a Shareholder at Fredrikson, “The use of Kira allowed us to more efficiently review and pull key information from a very voluminous set of documents for a time-sensitive issue in a large Chapter 11 case. In addition, throughout the case, Kira’s features assisted with the general organization and identification of key contracts and terms.”
“Amongst US law firms, Fredrikson was an early pioneer in the adoption of machine learning technology. We are thrilled to support them in deriving increasing value from the software and finding new and innovative ways to use the technology for the benefit of their clients,” said Dan Von Weihe, VP Customer Success & Sales at Kira Systems.
About the Firm
Fredrikson & Byron is a 275-attorney law firm based in Minneapolis, with offices in Bismarck, Des Moines, Fargo, St. Paul, Saltillo, Mexico, and Shanghai, China. Fredrikson & Byron has a reputation as the firm “where law and business meet”. Our attorneys bring business acumen and entrepreneurial thinking to work with clients, and operate as business advisors and strategic partners, as well as legal counselors. More information about the firm is available at www.fredlaw.com. Follow us on LinkedIn and on Twitter @FredriksonLaw.
About Kira Systems
Kira Systems’ technology is the most used and trusted software for contract review and analysis, helping the world’s largest corporations and professional service firms uncover relevant information from unstructured contracts and related documents. Kira is powerful, patented, award-winning software that excels at searching and analyzing contract text and can be deployed for due diligence, knowledge management, lease abstraction, regulatory compliance and other projects where visibility into contract provisions is critical. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. To find out more, please visit www.kirasystems.com.