Freshfields Bruckhaus Deringer LLP (‘Freshfields’) has announced a strategic partnership with machine learning software provider, Kira Systems. The firm will use Kira in its Legal Services Centre to support efficient delivery of transactional work across all practice groups.
The software uses machine learning, a type of artificial intelligence technology, to enable fast and accurate contract review. The adoption of this technology is reflective of the firm’s focus on innovation and its commitment to providing the most efficient service to clients.
Freshfields made the decision to adopt Kira after a yearlong trial of different machine learning technology solutions.The firm chose Kira because, unlike other machine learning software, it allows Freshfields’ lawyers to train the algorithm to meet their specific needs.
Freshfields’ Director of Legal Services Innovation, Isabel Parker, said, ‘Kira can be configured around our own custom provisions, using our knowledge base, ensuring that it is perfectly tailored to clients’ needs. It complements our own legal expertise, and will further enhance the quality of work delivered to clients while helping to free up the Legal Services Centre team to focus on more complex areas of work’.
Commenting on the partnership, Joint Managing Partner, Stephan Eilers, added, ‘Kira is an important part of our wider innovation agenda, which is driven by our commitment to outstanding client service. It will bring significant benefits in speed of delivery and cost-effectiveness, enabling our Legal Services Centre to deliver even greater value to clients around the world’.
Kira Systems’ Co-Founder and Chief Technology Officer Alexander Hudek commented, ‘We are proud that Freshfields selected Kira after evaluating various tools over the past year.Our proprietary technology, which is both highly accurate and easy to use, is the result of our ongoing R&D efforts.To be selected by such a prestigious and innovative firm is a satisfying validation of our work’.
About Freshfields
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. http://www.freshfields.com/en/global/
About Kira Systems
Kira Systems’ technology is a powerful, award-winning software solution that excels at searching and analyzing contract and document text, helping the world’s largest corporations and professional service firms uncover relevant information from their contracts and related documents. Kira can be deployed for contract intelligence due diligence, knowledge management, real estate, regulatory compliance, and wherever visibility into contract and document data is critical. Using Kira Quick Study, our no-code machine learning platform, anyone can train Kira to accurately identify and answer a question about virtually any desired clause or data point from their business documents. To find out more, please visit www.kirasystems.com.