London, UK - May 24, 2018. Freshfields Bruckhaus Deringer LLP (“Freshfields”) has signed a multi-year renewal with the machine learning contract analysis software provider Kira Systems, as part of the firm’s on-going commitment to innovation and embedding legal technology.
Since assessing Kira back in 2015, Freshfields has come to see the software as a key part of the firm’s technology-enhanced client service delivery model. Kira Systems’ award-winning software uses machine learning technology to uncover information in contracts – even when the wording varies from document to document. A wide variety of projects have been run through Kira, covering M&A, regulatory and compliance matters. These have spanned across a majority of Freshfields’ global offices in New York, London, Europe through to Hong Kong.
In any given month, Kira is helping Freshfields reduce the time spent on manual contract reviews. In addition, by combining Kira with other leading technology solutions including HighQ and HotDocs, the firm is able to deliver services with a high level of transparency and efficiency.
The result for the firm is more productive lawyers who are able to focus their legal expertise on the aspects of the matters that are most important to its clients. The Kira implementation program sits within the firm’s recently created Legal Technology Operations team, led by Jamie Whalebone.
“We are honored to work with Freshfields as they significantly expand their use of machine learning technology to create integrated solutions and establish new gold-standards in legal service delivery,” says Dan Von Weihe, VP Customer Success and Sales from Kira Systems.
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.
About Freshfields Bruckhaus Deringer LLP
Freshfields Bruckhaus Deringer LLP is a global law firm with a long-standing track record of successfully supporting the world’s leading national and multinational corporations, financial institutions and governments on ground-breaking and business-critical mandates. Our 2,800 plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multi-national expertise and business know-how means our clients rely on us when it matters most.