Womble Carlyle Elevates Contract Review Capability with Kira AI Software

7/19/17

Womble Carlyle today announced immediate deployment of Kira’s artificial intelligence (AI) software for document review and analysis.Kira’s technology amplifies the skills and service already provided by Womble Carlyle attorneys.

“Kira will help us deliver the best of our talents at a scale impossible without technology assistance,” said Keith Mendelson, leader of Womble Carlyle’s Corporate & Securities Practice Group, which will be the firm’s first adopter of the Kira software.

Attorneys use the cloud-based AI software to more efficiently manage their contract review and workflow. It improves the speed and accuracy of contract review by automatically identifying and extracting important information from contracts using machine-learning models. Kira’s powerful search and analysis tools allow Womble Carlyle attorneys to spot issues and trends across documents.

More importantly, Kira provides value to Womble Carlyle clients. A Kira contract review saves 20-60 percent of the time spent on a conventional contract review, freeing up attorneys to focus on higher value client work, while maintaining Womble Carlyle’s high standards for client service.

“We’ve invested in Kira on behalf of our clients,” said Bill Koch, Womble Carlyle’s Chief Knowledge Officer. “Kira’s innovative tools will help us deliver even more efficient and accurate service to our clients.”

“Womble Carlyle’s focus on offering superior legal services for clients is well known.” said Noah Waisberg, CEO and co-founder of Kira Systems. “We are excited to be working with them to support their growth and helping to amplify their distinctive brand with the use of Kira.”

Leveraging innovative technology has always been at the forefront of Womble Carlyle’s commitment to client service. The adoption of Kira follows the firm’s investment in 2016 in Ross Intelligence, another AI platform. These efforts are spearheaded by the Innovation Board. Created in 2016, this is a team of attorneys and staff members charged with inspiring, leading and modeling a culture of innovation at the firm.

About Kira Systems

Kira Systems helps enterprises uncover relevant information from unstructured contracts and related documents. Our powerful, award-winning software excels at searching and analyzing contract text. Kira offers pre-built machine learning models covering due diligence, general commercial, corporate organization, real estate, compliance and more. Using Kira Quick Study, anyone can train additional models that can accurately identify virtually any desired clause. Kira can be deployed on virtual data rooms and other large repositories of contracts, creating summary analyses within minutes. Customers, who include some of the world's largest corporations and professional services firms, have trusted Kira on hundreds of billions of dollars of M&A transactions to date. They also deploy Kira for knowledge management, contract search, analytics, and other use cases where visibility into contract provisions is critical. To find out more, please visit www.kirasystems.com.

About Womble Carlyle

Womble Carlyle is a 500+-attorney law firm that corporate clients rely on to provide core legal services, such as Complex Business Litigation, Mass Torts, Intellectual Property, Corporate & Securities, Finance and Real Estate.

Our focus is the Southeast, Mid-Atlantic and Silicon Valley markets, and from this footprint, we serve clients in matters across the country and across the world. Clients trust us because we understand their businesses, focus on their successes, demonstrate a commitment to help, and deliver value for their dollars they spend on us.

Womble Carlyle has an alliance with leading UK firm Bond Dickinson to provide clients with domestic legal, regulatory and business advice in both the US and UK. In Q4, Bond Dickinson and Womble Carlyle will combine to form Womble Bond Dickinson, a transatlantic law firm encompassing 23 cities in the US and UK.

Thanks to Womble Carlyle’s alliance with Lex Mundi, the world’s largest association of independent law firms, we also can offer clients access to quality-tested local counsel in more than 120 countries. Lex Mundi provides seamless access to local attorneys and market knowledge throughout the globe.

Womble Carlyle’s offices are located in: Atlanta, GA; Charleston, Columbia and Greenville, SC; Charlotte, Greensboro, Raleigh, Research Triangle Park, and Winston-Salem, NC; Silicon Valley, CA, Washington, DC; Charlottesville and Tysons Corner, VA; Baltimore, MD; and Wilmington, DE.

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