Litera is a global legal technology company headquartered in Chicago, Illinois. It develops and licenses productivity and risk management software solutions tailored primarily for law firms. Litera offers an integrated legal workspace with AI-powered tools to streamline document drafting, contract review, firm performance, and knowledge management. Its flagship product Litera One is a unified, cloud-based platform that integrates various legal work tools seamlessly within Microsoft 365 workflows, helping legal professionals produce high-quality work efficiently without switching between multiple apps.

Litera

Less suited for document drafting or contract negotiation—focus on review and analysis.

Requires ongoing updates to smart fields to stay current with legal changes.

Can require upfront training and setup to optimize custom smart fields.

May be expensive for smaller firms or infrequent users.

Cloud-based platform relies on internet connectivity and data security considerations.

Not all contract types may be fully supported out-of-the-box for niche industries.

Robust export options to Word, Excel, and PDF formats.

Can cut contract review time by up to 60-80%, enhancing efficiency.

Scales well for large due diligence projects like M&A and lease analysis.

Over 1,400 built-in smart fields covering 40+ substantive areas for thorough analysis.

Recognizes and processes multiple contract languages including German, French, and Spanish.

Supports collaboration with task assignments, progress tracking, and shared workflows.

<h3><strong style="color: rgb(0, 0, 0); background-color: transparent;">Introduction</strong></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Kira Systems, founded in 2011 by former lawyer Noah Waisberg and computer scientist Dr. Alexander Hudek, pioneered AI-powered contract review technology. The company developed machine learning software that automates contract analysis, helping law firms and corporations extract and analyze key clauses quickly and accurately. Initially based in Toronto, Canada, Kira faced early challenges but grew to serve many top global law firms and professional services firms. In August 2021, Litera Microsystems acquired Kira, integrating its AI contract review tools into Litera’s legal technology platform. Kira’s software continues to enhance legal and compliance workflows by automating due diligence, contract management, and risk analysis, making document review faster and more precise than traditional methods. The acquisition reinforced Litera’s position in the legal tech market, with Kira’s AI remaining a core technology driving contract intelligence worldwide.</span></p><h3 class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Contract Analysis</span></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Kira offers advanced contract analysis features that significantly accelerate legal workflows while improving accuracy and consistency. Leveraging patented machine learning technology, Kira identifies, extracts, and analyzes over 1,400 clauses and data points across 40+ substantive contract areas. This allows legal teams to rapidly locate key terms, assess risk, and streamline due diligence during mergers, acquisitions, audits, and compliance reviews.</span></p><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">The platform features customizable Smart Fields powered by its no-code Quick Study tool, enabling users to tailor clause detection to their specific requirements. Kira also provides AI-generated Smart Summaries, converting extracted data into concise, actionable reports that reduce document review time.</span></p><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Additional capabilities include clause comparison heat maps, bulk redlining, dynamic dashboards, and collaborative workflows that support centralized tagging, searching, and team communication. Users can export results in Word, Excel, and PDF formats or integrate them into external systems via API.</span></p><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">With multilingual support and the ability to analyze both structured and scanned documents, Kira delivers up to 90% time savings in high-volume contract reviews. Its flexibility and precision make it a powerful tool for law firms and corporate legal departments seeking efficiency in contract lifecycle management.</span></p><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Kira primarily supports contract analysis in English, but its advanced OCR and multi-language recognition capabilities enable it to handle documents in over 100 languages automatically. The software can identify and extract key clauses and data points regardless of the document language, making it suitable for global legal teams dealing with international contracts. While English is the main language supported for detailed legal concept recognition and workflows, the platform’s underlying AI technology can process and extract critical information from a broad array of languages, enhancing contract review efficiency worldwide.</span></p><h3 class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Legal Research</span></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Provides AI-powered document and contract analytics but does not perform traditional legal research.</span></p><h3 class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Document Drafting</span></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Not a document drafting tool; focuses on review and data extraction from documents.</span></p><h3 class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Legal Translation</span></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Not a core feature; primary focus is English language contract analysis.</span></p><h3 class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Predictive Analytics</span></h3><p class="ql-align-justify"><span style="color: rgb(0, 0, 0); background-color: transparent;">Emphasizes identification of key clauses, risk points, and data extraction rather than legal outcome predictions.</span></p><p><br/></p>

Unbiased review of Kira AI: explore its contract analysis features, smart summaries, use cases, and performance for legal teams.