Latham & Watkins LLP announced today that it will be using Kira Systems' machine learning technology, Kira, to streamline the traditional review of documents for M&A and other transactions.
Kira Systems' software uses machine learning to automate the extraction and analysis of key provisions from both structured and unstructured contracts, accelerating and improving the accuracy of due diligence, deal point studies, general contract reviews, regulatory compliance, and more. Kira will be deployed across Latham’s transactional practices to speed up the due diligence process and assist Latham’s transactional teams in identifying critical deal points for negotiations.
“Our firm employs technologies delivered by market leaders such as Kira Systems to help us meet client demands for cutting-edge legal analysis and advice in the most efficient manner possible, while also maintaining a consistently high standard of client service and collaboration,” said Ken Heaps, Chief Information Officer of Latham & Watkins.
“Latham & Watkins is at the forefront of innovation in the legal sector, and we’re excited to be working with the firm and its lawyers to deploy Kira Systems' state of the art technology to provide their clients exceptional value, service, and efficiency,” said Noah Waisberg, CEO and co-founder of Kira Systems.