Litera has announced significant advancements in Kira, its AI-driven contract review platform. These new features aim to address the increasing demands for speed, accuracy, and reliable generative AI in contract analysis. By integrating generative AI with proprietary AI models trained on over a million legal contracts, Kira promises a consistent accuracy rate of 90% or higher in analyzing contracts. This development seeks to overcome the challenges legal teams face with purely generative AI-based tools, which often require intensive prompt engineering and lack legal specificity.
Adam Ryan, Litera’s chief product officer, emphasized the benefits of this hybrid approach. “While LLM technology has been a true game changer for contract review exercises, when LLM technology is paired with Kira’s proprietary AI models, we are seeing incredible levels of accuracy and precision from simple natural language prompts,” Ryan stated. This sentiment underscores the capability of Kira to efficiently process complex contract review matters using a combination of generative and proprietary AI models.
Some of the main features highlighted include:
- Hybrid AI accuracy: The fusion of generative and proprietary models enhances the extraction of clauses, insights, and responses for intricate contract review tasks.
- Collaborative workflows: Provides seamless workflows handling document organization, change tracking, and review management.
- Integrated tools: Kira is complemented by Lito, Litera’s drafting and comparison tool, enabling high-precision contract analysis alongside rapid, structured reviews.
- Flexible governance: Offers adaptability by allowing legal teams to enable or disable generative AI based on specific project requirements.
- Platform integration: Syncs with Litera’s ecosystem for drafting, transaction management, and knowledge sharing to streamline deal workflows.
Looking ahead, Litera plans to expand Kira’s capabilities further through 2026, with upcoming features like Grid Chat for natural language querying and Generative Smart Fields tailored for custom contexts. These enhancements aim to refine the way legal teams process and act upon contract review insights, further solidifying Kira’s position in the market.
Kira’s versatility spans numerous practice areas, and with its integration across these sectors, it is used by 71% of Fortune 100 companies. Originating in 2011, the platform has been at the forefront of AI application in contract analysis, maintaining its relevancy and adaptability in the evolving legal tech landscape. More on this development can be read on LawNext.