"Osler, Hoskin & Harcourt LLP is primary outside counsel to Chemtrade Logistics Inc. , which provides industrial chemicals and services to customers in North America and around the world. In January 2014, it closed a deal to acquire General Chemical Holding Company. For the General Chemical acquisition, Osler, Hoskin & Harcourt LLP conducted their legal due diligence contract review with the assistance of Kira Systems’ software, Kira."
"Kira helps lawyers review contracts faster and more accurately. It finds and highlights diligence-relevant provisions (e.g., change of control, assignment, term), automatically prepares summary charts, and includes workflow and data analysis tools to help users understand and refine results. ''Kira was a good starting point as it identified the area of the agreement that had the information we were looking for, which can save a lot of time. The software is user friendly, and it is very straightforward to train someone on it; customer service was quick to respond whenever I had an issue.'' "
"Kira automatically converts files into machine readable form, and then uses machine learning models to identify the concepts and clauses you specify. Kira is available with a large number of pre-built machine learning models for common contract review tasks such as due diligence, general commercial compliance, lease abstraction, ISDA schedules, and more. Or, create custom provisions using Kira Quick Study."
Variety of document types
One of Chemtrade''s internal lawyers states, “We had a positive experience with Kira on this acquisition. It made the due diligence process speedy and much more cost effective. We plan to use this tool going forward, including for document review for some internal projects we’re working on."