Fenwick Leverages Kira Systems’ AI Platform to Help Clients Efficiently Navigate M&A Due Diligence
Mountain View, CA (October 6, 2016)– Fenwick & West today announced it has partnered with Kira Systems to immediately deploy Kira’s artificial intelligence (AI) tool for document review and analysis during the due diligence process for its mergers and acquisitions (M&A) practice.
"Fenwick has invested heavily in tools and processes that make our M&A practice as fast and efficient as possible. Kira allows us to continue this progress by harnessing the power of AI and machine learning in our M&A work,” said Ralph Pais, technology transactions partner at Fenwick. The firm selected Kira after testing it on real M&A deals, and found that the benefits were significant.
“Fenwick is well known as an innovator in the legal industry, and we’re very pleased to be working with them,” said Noah Waisberg, CEO and co-founder of Kira Systems. “Kira will help amplify the expertise that Fenwick brings to its leading technology and life sciences M&A practice.”
Kira scans contracts and related documents to uncover relevant information by using advanced machine learning technology to search and analyze text, giving users a faster and more complete review and analysis while mitigating risk of errors. Kira’s search capabilities were designed for due diligence review and can automate the extraction and analysis of key contract provisions and create summaries in seconds and analysis in just a few minutes. Kira allows the lawyers to concentrate on the more nuanced and valuable aspects of the diligence and review process and turns over the more routine and time consuming aspects of the review and capture of relevant information to an intelligent tool.
Fenwick has one of the premier technology M&A practices in the nation, and continues to be honored for its excellence. Fenwick was named the top law firm for private tech company mergers and acquisitions deals in 2015 by PrivCo and Technology Law Firm of the Year for outstanding mergers and acquisition work at the 2015 M&A Atlas Awards for Americas Middle Markets.
About Fenwick & West
Fenwick & West LLP provides comprehensive legal services to ground-breaking technology and life sciences companies – at every stage of their lifecycle – and the investors that partner with them. We craft innovative, cost-effective and practical solutions on issues ranging from venture capital, public offerings, joint ventures, M&A and strategic relationships, to intellectual property, litigation and dispute resolution, taxation, antitrust, and employment and labor law. For more than four decades, Fenwick has helped some of the world's most recognized companies become and remain market leaders. For more information, please visit fenwick.com.
About Kira Systems
Kira Systems helps enterprises uncover relevant information in unstructured contracts and related documents. Its powerful, award-winning software excels at searching and analysing contract text. Kira offers pre-built, machine learning models covering due diligence, general commercial, corporate organisation, real estate and compliance. 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, trusted Kira on over $100 billion of M&A transactions in 2015 alone. They also deploy Kira for knowledge management, contract search, analytics, and other use cases where visibility into contract provisions is critical. For more information, visit kirasystems.com or contact Steve Obenski, +1.646.453.7125