Global News
Bryan Cave Leighton Paisner (BCLP) announced today that it is making a strategic commitment to embed the use of Kira Systems’ artificial intelligence tool within its high volume workstreams globally.
Kira’s powerful machine learning software identifies, extracts, and analyses text in contracts and other documents. It automatically highlights important provisions and organises the data for analysis. This enables significant time savings and reduces the risk of errors and omissions, as well as freeing up legal teams to focus on providing high value analysis and advice.
BCLP has already made progress in embedding the software into its Corporate and Real Estate workflows across its Manchester and St Louis legal service delivery hubs. It will now begin extending the deployment across all relevant parts of the business, wherever Kira can provide value for clients.
The announcement of the strategic commitment to Kira is being driven by the firm’s new global Innovation Group, which is led by Chief Innovation Officer Katie DeBord.
DeBord said: “BCLP has been at the forefront of innovation in the legal sector on both sides of the Atlantic, having been named the world’s most innovative law firm numerous times. We have used a huge number of different tools to meet specific project requirements for many years. As we standardize workflows across BCLP globally, AI due diligence is now at a point where our ability to leverage the technology can deliver substantial benefits for our clients worldwide. Therefore we have carefully evaluated the market and believe Kira’s platform provides the best solution for our clients. This follows recent enhancements made to its lease abstraction capabilities. Making this commitment will enable us to develop our processes to make best use of the platform and deliver a better solution for clients.”
Co-Founder and CEO of Kira Systems, Noah Waisberg, added: “We are delighted to be working with BCLP globally. The firm’s strong track record in both Real Estate – in which it is considered amongst the leading law firms globally – and Corporate – where it regularly ranks as amongst the most active advisers in the US market – makes its endorsement of Kira a major win for our platform.”
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