Intelligence gained from deal point studies can be used to provide strategic insight in negotiations, quickly update firm precedents, and search for sample language.
Kira’s state-of-the-art machine learning technology automatically identifies and extracts information from contracts and comes with over 900 built-in provision models. If the deal point study requires the review of terms that are unusual or specific to an industry, jurisdiction or even parties involved in an upcoming transaction, Kira Quick Study can be used to identify virtually any desired clause. Kira’s summaries can then be used to spot provision trends and outliers, and to collect sample language.
Stay Ahead of the Trends
Being armed with up-to-date market knowledge is critical during any negotiation, but relying on commentary and publications based exclusively on publicly available documents doesn’t always provide all the answers. Alternatively, manually creating a custom database of provisions used in prior transactions is time-consuming and labor-intensive.
With Kira, professionals can conduct their own deal point studies on the documents of their choosing. Either a law firm’s deal documents from its document management system or to find information of interest to them. This means that deal point studies can be completed in-house accurately and efficiently, and the knowledge can be easily shared throughout the organization and used for drafting future agreements or revising standard forms. Kira enables deal teams to consistently negotiate from a position of knowledge and to ensure their market insights can be tailored to a specific industry or jurisdiction.