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Ready or not, 2025 is here and so is our biggest FREE event of the year! Packed with insights on the top 3 AI trends coming in 2025 and how to position your firm to WIN, lawyer hot takes on controversial topics, the chance to win epic productivity giveaways like a brand new iPhone 16, and so much more! Hosted by Sam Mollaei, Esq. Only 76 seats left! Register now before it's too late: https://bit.ly/lawyerclubfiesta24 In this episode, Sam Mollaei and Neil Tyra dive into the transformative power of AI in revolutionizing your law practice.Whether you're looking to automate tedious processes, improve client engagement, or stay ahead of the competition, their discussion sheds light on the practical tools and trends reshaping the legal industry.Key Takeaways from Sam and Neil:1. AI Agents for Law Firms: Automating Client Engagement and OperationsAI agents automate client intake, lead qualification, and document collection, freeing lawyers for higher-value work.This paves the way for fully autonomous law firms.2. Decision Support Systems (DSS) Integrated with Your CRM for Smarter InsightsDSS tools within CRMs offer actionable insights for client follow-ups and case prioritization.Predictive analysis helps firms make better decisions and identify risks.3. AI-Enhanced Legal Research and Document ReviewAI speeds up legal research and analyzes case law with precision.Tools like Casetext and Kira Systems make document reviews faster and more cost-effective.4. Bonus: AI-Powered Litigation Prediction and Outcome AnalysisAI predicts case outcomes by analyzing past results and judge patterns, refining strategy.Tools like Lex Machina improve decision-making and client satisfaction.5. Bonus: Generative AI for Legal Document Drafting and Contract AutomationGenerative AI speeds up legal drafting and contract automation with customizable templates.Tools like Casetext and Lawgeex reduce errors and increase efficiency. "Once you bring AI into the picture and it's able to give you insights, you can turn a five-figure case into a seven- or eight-figure case." — Sam Mollaei"When I was in litigation, a motion for summary judgment in the PI world was the most legal research-driven undertaking we did. The whole idea of gathering the right cases and shepherding them is tailor-made for AI." — Neil Tyra
In this episode of "The Geek in Review" podcast, co-hosts Greg Lambert and Marlene Gebauer interview Ryan McClead and Kate Boyd, the CEO and COO of Sente Advisors, respectively, as part of their "Love and Legal Tech" series. The interview delves into the couple's history in the legal technology space, their experience working together, and the challenges and benefits of being in a relationship while also being colleagues. Ryan and Kate share their extensive backgrounds in legal technology, with Ryan starting in the industry in 2003 and eventually becoming the head of innovation at a law firm, while Kate began her career as an intern at a law firm and later transitioned to the vendor side, working for companies such as HighQ, Compliance HR, and Kira Systems. The couple met while working together at HighQ and became good friends before starting their own companies in 2018 and eventually dating. When discussing the best aspects of working together, Kate mentions the empathy and understanding they have for each other's work habits and the ability to help one another when stuck on a problem. Ryan adds that working together eliminates the need to "download" their workdays to each other every night, as they are already aware of what the other is dealing with. However, they also acknowledge the challenge of not letting work consume their entire lives and the importance of setting aside time for non-work activities. The couple shares their experiences with reactions from others when they reveal that they work together, ranging from surprise to curiosity. They also discuss how they handle disagreements within their company, emphasizing the value of their different perspectives and the trust they have built in each other's problem-solving abilities. When asked about the interesting projects they are currently working on, Ryan and Kate highlight their involvement in AI-related projects, product launches, and technology evaluations for clients. They also offer advice for couples considering working together, stressing the importance of maintaining separate work and personal personas, knowing each other's strengths, and nurturing professional friendships outside of their shared work life. Listen on mobile platforms: Apple Podcasts | Spotify | YouTube Contact Us: Twitter: @gebauerm, or @glambertThreads: @glambertpod or @gebauerm66Email: geekinreviewpodcast@gmail.comMusic: Jerry David DeCicca and Eve Searls Transcript
Noah Waisberg is the co-founder and CEO of Zuva.ai and the former co-founder and CEO of Kira Systems. He has worked for more than a decade on artificial intelligence and its application in the legal industry, beginning his work long before anyone had heard of Transformers and GPT. He is also the author of two books on artificial intelligence: "AI for Lawyers" which, as the title suggests, is focused on AI and its use by lawyers; and "Robbie the Robot Learns to Read", likely the first children's book aiming to teach younger readers about machine learning concepts. Naturally, with Noah we discussed many issues related to artificial intelligence, including: * What it was like selling AI systems to lawyers in the early 2010s * How AI adds value in the legal industry * The ability of AI to capture, distribute and amplify legal expertise * Jevons paradox and how it relates to AI in the legal industry * The role of generative AI in contract review and other legal use cases * The extent to which generative AI levels the legal tech playing field LINKS Noah on LinkedIn: https://www.linkedin.com/in/noahwaisberg Noah on X: https://twitter.com/nwaisb "AI for lawyers" book: https://tinyurl.com/mx4t5nh6 "Robbie the Robot Learns to Read" book: https://tinyurl.com/3c9pjf6r
On this episode of The Geek in Review, hosts Marlene Gebauer and Greg Lambert explore innovations in legal search with Paulina Grnarova and Yannic Kilcher, co-founders of DeepJudge. This semantic search engine for legal documents leverages proprietary AI developed by experts with backgrounds from Google and academic AI research. As PhDs from ETH Zurich, Grnarova and Kilcher recognized lawyers needed better access to institutional knowledge rather than constantly reinventing the wheel. DeepJudge moves beyond traditional keyword searches to a deeper integration of search and generative AI models like GPT-3. Partnerships provide financial support and key insights – advisors include execs from Recommind and Kira Systems while collaborations with law firms shape real-world product capabilities. Discussing product development, Kilcher explains connecting search to language models allows generating summaries grounded in internal data without ethical or security risks of training individual models. Grnarova finds the core problem of connecting users to full knowledge translates universally across firms, though notes larger US firms devote more resources to knowledge management and data science teams. When asked about the future of AI, Grnarova expresses excitement for AI and humans enhancing each other rather than replacing human roles. Kilcher predicts continued growth in model scale and capability, requiring innovations to sustain rapid progress. They aim to leverage academic research and industry experience to build AI that augments, not displaces, professionals. DeepJudge stands out for its co-founder expertise and proprietary AI enabling semantic search to tap into institutional knowledge. Instead of reinventing the wheel, lawyers can find relevant precedents and background facts at their fingertips. As Kilcher states, competitive advantage lies in accumulated know-how – their technology surfaces this asset. The future of DeepJudge lies in combining search and generative models for greater insights. Links: Contact DeepJudge: info@deepjudge.ai Contact Us: Twitter: @gebauerm, or @glambert Threads: @glambertpod or @gebauerm66 Email: geekinreviewpodcast@gmail.com Music: Jerry David DeCicca Transcript
In this episode of the Legal Marketing 2.0 Podcast, Guy is joined by Kate Boyd who is a 25 year veteran of the legal industry. She started her career at law firms Shearman & Sterling and White & Case. After completing her MBA at NYU in 2014, she took her business and legal experience to high-growth legal tech vendors HighQ and Kira Systems. In 2018, she co-founded litigation fund, Validity Finance, and served as COO before joining Sente in 2022. Kate is active on the boards of the leading legal edtech company AltaClaro, and immigration non-profit Immigration Law & Justice NY.
Noah Waisberg literally wrote the book on Lawyers and Artificial Intelligence. Now he is building his second company that offers AI to analyze contracts. As many do, Noah went to a top notch law school and then to BigLaw. He ended up doing deal work at the firm and had to review of ton of contracts. What Noah learned is that even moderately sized companies have a ton of contracts, but because lawyers are expensive, to get a deal done, they would review only the most important contracts. This often left an incomplete picture of the liabilities and risks a company might be taking on by buying another. This got Noah thinking. After taking some off from the legal grind, he and a co-founder launched Kira Systems to build an artificial intelligence tool that would help lawyers analyze contracts. If it worked, Noah figured, the AI would give the lawyers a head start permitting them to review more contracts with the same amount of work they were putting in without AI. Because more contracts could be reviewed, companies involved in M&A deals could have a better picture of the risks and liabilities in a deal. Kira's AI did work, and in fact, was a smashing success. Last year, another legal tech company, Litera, bought it. Before the Litera acquisition, Kira started working on a tool that would help in-house legal teams use AI to analyze contracts to help out with contract management. After the Litera deal, this project became a new company that Noah now runs, Zuva. Zuva's technology permits users to embed AI into into their own applications via APIs to extract information from their contracts. In this episode, Noah explains how he and his team grew Kira systems and why he is excited to do the same with Zuva.
It's Thursday September 30th 2021, and today we're talking about: Semios harvests $100m USD to eat up agtech, Salesforce acquires LevelJump.io, Kira Systems spinout Zuva raises $20m, and a lighting round: Conexiom raises $130m from Warburg Pincus LLC, The Goodyear Tire & Rubber Company rolls into Gatik, and Convictional raises $6.7m.
Alex and Elliot chat about: * More news on the M1X MacBook Pros * The recent acquisition of Kira Systems by Litera Microsystems, and Luminance's related PR campaign * The maturing of the legal tech market * The 2021 Gartner hype cycle for legal and compliance technologies LINKS Legal Evolution article: https://www.legalevolution.org/2021/08/how-the-first-half-of-2021-signals-the-maturity-of-an-ecosystem-255/ Article on the 2021 Gartner hype cycle: https://www.artificiallawyer.com/2021/07/28/gartner-legal-tech-hype-cycle-2021-some-thoughts/
Haley Altman has had a notable legal and #legaltech career. She's steadily moved forward from legal associate, to partner, to legaltech co-founder and CEO, and now sits as the Global Head of Corporate Development for the company that acquired her legal technology startup. In this episode, Haley shares her outstanding journey from legal practice into technology and entrepreneurship. Her experience should be shared with as many #startup founders as possible. Two takeaways that stood out in the conversation. Haley described what her startup offered, with precision. Make sure to listen to that aspect of her interview and refine the description of your startup. The second great takeaway was how her previous company found a sweet spot on the pain point lawyers were having in managing transactions. Lawyers knew it was a problem that required a solution. The added benefit, was many investors had been on the other side of closing transactions and therefore understood the problem her company was solving. As such, it put Doxly in a good place for selling the software as well as finding funding. Lastly, we touched on the recent acquisition of Kira Systems by Litera. There appears to be a focus on Litera becoming the one-stop shopping experience for legal transactions via #LiteraTransact. More about Haley Altman & Litera: Haley Altman on LinkedIn: https://www.linkedin.com/in/haley-alt.... Haley Altman on Twitter: https://twitter.com/Haley_Altman. Litera Microsystems website: https://www.litera.com/.
It's Thursday August 12th, and today we're talking about: Southwestern Ontario team up to launch Health Innovation network, FreshBooks now contain a $1b valuation and is looking to expand globally and due diligence is completed as Kira Systems is acquired by Litera.
EPISODE SUMMARY In this episode of Chan With A Plan, host Max Chan speaks with Joseph Kim, the Director of Talent Acquisition at Kira Systems where he has led growth efforts to scale the company by more than 500%. We talk about job search strategies in general and what recruiters look for in selecting a candidate from 1st round screening to sending out that coveted job offer. In addition, we also dive deep into Kira Systems' hiring process to get an inside look at how his company evaluates candidates so you can get an idea of what companies such as his, looks for in a standout application to increase your odds of engaging with more companies that want you as their next hire. QUOTES “I'll tell you right now, many Talent Acquisition professionals are very biased towards you having done the role before, or the job before, unless you are applying for an early career job, they will want to have seen you do something similar in capacity as opposed to taking a chance.” - Joseph Kim [23:57] “[When it comes to finding proper salary information] I think what you need to be doing is asking other professionals in your network who are in a similar role, if I want to be let's say a senior accountant on a finance team what's the kind of compensation I should expect to ask, or what I should be expecting in terms of compensation.” - Joseph Kim [1:01:17] “[When it comes to reaching out to recruiters] I feel like a lot of people send those notes without doing the leg work involved to prepare for those conversations or do the work that makes me want to engage with you.” - Joseph Kim [1:28:01] TIMESTAMPS [0:05] Meet Joseph [4:44] Difference between a 3rd party/agency recruiter compared to an internal company recruiter [10:01] The importance of LinkedIn as part of your overall job search strategy and what to do to optimize your LinkedIn profile to increase messages sent to you from recruiters for potential job opportunities [16:24] An overview of the Applicant Tracking System (ATS) and what it does as part of a company's recruiting process [20:01] The process of creating a job ad for a new role [23:16] How close of a match you need to be with the job ad in order to apply and have a good chance at getting an interview [26:38] Discussing if ATS systems auto-reject resumes that don't fit a certain criteria outlined by the recruiter [28:53] How much time on average does a recruiter spend looking at a resume [32:28] Joseph's tips on writing a good resume to increase your response rate for online job applications [37:44] Does Kira Systems emphasize on cover letters for their online job applications and Joseph's opinion on cover letters for your job search [39:22] Additional documents you should upload as part of your online job application to strengthen your candidacy [41:45] Resume tips for recent grads [47:31] Average amount of candidates that get selected for a 1st round screening at Kira Systems [50:33] Reference and Background check process at Kira Systems [54:29] How Kira Systems competes for top talent against the big companies that everyone knows and wants to work for [59:12] How compensation is crafted at Kira Systems and why some companies ask salary expectations at the 1st round screening call [1:00:58] Finding good accurate salary information for a role you are interviewing for to not eliminate yourself out of the running for an opportunity [1:04:23] Discussing Kira Systems interview process and what they look for in a candidate [1:14:24] Joseph's thoughts on thank you notes and follow up Emails from candidates [1:15:57] If a candidate doesn't get the role at Kira Systems that they interviewed for, is it ok to apply to another role in the future, how soon can you apply again and how many can you apply to at once [1:17:47] Would Kira Systems be proactive in reaching out to a candidate that's on file that didn't get the job they apply for to apply for another role at the company [1:19:09] Joseph's thoughts on 1 way video interview screenings [1:20:53] Joseph's opinion on professionals job hopping for a better opportunity [1:23:04] The advantage of being a referral candidate for a job opening compared to going in completely cold and tips from Joseph on how to network properly to get that referral [1:27:17] Best practices when wanting to reach out to the recruiter who posted the job ad on LinkedIn [1:32:06] Joseph's opinion on sending your LinkedIn profile as part of your online application if you apply to a company's job through LinkedIn directly [1:33:04] A major roadblock that Joseph has faced and what he did to overcome it to move his career forward [1:35:08] Best practices on how older workers can collaborate and work well with younger professionals that are part of the Gen Z and Millennial generation [1:38:03] Contacting Joseph [1:38:48] Outro RESOURCES & RELEVANT LINKS Kira Systems Joseph Kim on LinkedIn Chan With A Plan Max Chan on LinkedIn
On Track - Trending Topics in Business and Law - by Haynes and Boone, LLP
Welcome to a new episode of AI Chats. This is a podcast series produced by the law firm of Haynes and Boone and lawyers from its AI and Deep Learning Practice Group. Our intent is to explore the exciting, ever-evolving, and occasionally controversial world of artificial intelligence. Our guest today is Noah Waisberg, Co-Founder and CEO of Kira Systems. Today, for our latest episode, we're going to talk about AI and its role in drafting and reviewing contracts. Moderators:Eugene Goryunov, Partner, Haynes and BooneDina Blikshteyn, Counsel, Haynes and BooneSpeaker:Noah Waisberg, Co-Founder and CEO, Kira Systems
As the founders of a company that provides AI-powered contract analysis software, Kira Systems' Noah Waisberg and Dr. Alexander Hudek are used to facing skepticism, fear and doubt from attorneys. Will AI steal their jobs? Would using it violate ethics rules? How can it be good for a business model that relies on the billable hour to cut down on the amount of time it takes to review a contract? In their new book, AI for Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers, Waisberg and Hudek attempt to answer these questions and provide an accessible guide for firms considering how AI might add to their practices. They also pulled in other minds in the legal tech community to speak to the use of AI beyond the kinds of contract review Kira Systems focuses on, such as in litigation analytics, legal research and e-discovery. In this episode of the Modern Law Library, Waisberg and Hudek discuss their experiences as early proponents of artificial intelligence, the unique programming challenges presented by legal language, the still-developing ethical debates and common misconceptions about AI.
As the founders of a company that provides AI-powered contract analysis software, Kira Systems' Noah Waisberg and Dr. Alexander Hudek are used to facing skepticism, fear and doubt from attorneys. Will AI steal their jobs? Would using it violate ethics rules? How can it be good for a business model that relies on the billable hour to cut down on the amount of time it takes to review a contract? In their new book, AI for Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers, Waisberg and Hudek attempt to answer these questions and provide an accessible guide for firms considering how AI might add to their practices. They also pulled in other minds in the legal tech community to speak to the use of AI beyond the kinds of contract review Kira Systems focuses on, such as in litigation analytics, legal research and e-discovery. In this episode of the Modern Law Library, Waisberg and Hudek discuss their experiences as early proponents of artificial intelligence, the unique programming challenges presented by legal language, the still-developing ethical debates and common misconceptions about AI.
As the founders of a company that provides AI-powered contract analysis software, Kira Systems' Noah Waisberg and Dr. Alexander Hudek are used to facing skepticism, fear and doubt from attorneys. Will AI steal their jobs? Would using it violate ethics rules? How can it be good for a business model that relies on the billable hour to cut down on the amount of time it takes to review a contract? In their new book, AI for Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers, Waisberg and Hudek attempt to answer these questions and provide an accessible guide for firms considering how AI might add to their practices. They also pulled in other minds in the legal tech community to speak to the use of AI beyond the kinds of contract review Kira Systems focuses on, such as in litigation analytics, legal research and e-discovery. In this episode of the Modern Law Library, Waisberg and Hudek discuss their experiences as early proponents of artificial intelligence, the unique programming challenges presented by legal language, the still-developing ethical debates and common misconceptions about AI.
Kira Systems Co-Founder and CEO Noah Waisberg discusses the misconceptions around lawyers and AI, Kira's restructuring, and what the future holds for the Toronto-based AI software company.
Noah Waisberg has been in the #legaltech space as founder and CEO of Kira Systems for nearly a decade. In this episode, he shares with us how they overcame obstacles, grew the business from 2 people to more nearly 100 people before ever taking any venture capital. Additionally, he provides a great recap of the last 10 years of Kira Systems and the actions they took to bring #artificialintelligence into the contract analysis space. If you're a founder, much like our co-host Devshi Mehrotra, you're going to want to listen to this episode. There is a wide variety of struggles and success in the #founder journey. Noah has clearly refined the experience and shared his knowledge! More about Noah Waisberg & Kira Systems: Noah Waisberg on Twitter: https://twitter.com/nwaisb. Noah Waisberg on LinkedIn: https://www.linkedin.com/in/noahwaisb.... Kira Systems website: https://kirasystems.com/. Noah's book on Amazon: https://www.amazon.com/Lawyers-Artifi.... More about Devshi Mehrotra: Devshi Mehrotra on Twitter: https://twitter.com/DevshiMehrotra. JusticeText website: https://justicetext.com/. SHOW LESS
I spoke with Noah Waisberg, the co-founder and CEO of Kira Systems, a leading AI-powered contract analysis software company, and the co-author with Dr. Alexander Hudek of AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers (Wiley, February 3, 2021). We discussed the growth of Kira Systems, his inspiration for AI For Lawyers, how AI is changing the law, and where it is headed.
I spoke with Noah Waisberg, the co-founder and CEO of Kira Systems, a leading AI-powered contract analysis software company, and the co-author with Dr. Alexander Hudek of AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers (Wiley, February 3, 2021). We discussed the growth of Kira Systems, his inspiration for AI For Lawyers, how AI is changing the law, and where it is headed.
This year marks the 10th anniversary of Kira Systems, the first company to develop AI-powered contract analysis, technology that is now becoming commonplace in the legal profession. To mark the anniversary, Kira’s cofounders are releasing a book, AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers. When CEO Noah Waisberg, a former lawyer, and CTO Dr. Alexander Hudek, a computer scientist, launched Kira in 2011, they thought it would be easy to develop machine-learning software to review contracts. They quickly found out otherwise. It was two years before they had a product to sell and nearly three before they earned a penny of revenue. This week on LawNext, Waisberg and Hudek join host Bob Ambrogi to share their story of founding and building Kira Systems into one of the world’s leading legal technology companies, used by law firms throughout the world. They also discuss their new book, the topics it covers, and the “friends” from the legal tech industry who helped them write it. Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out. ASG LegalTech, home to the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote. XIRA.com, where clients find, book and meet with attorneys; and where attorneys get free, fully integrated practice management software. Everlaw, the cloud-based ediscovery platform for law firms, corporations, and government agencies. Law Insider, producer of the show Contract Teardown, where they analyze the contracts that others are talking about. A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests.
While lawyers probably hear every day how Artificial Intelligence is going to change the legal industry, many are still uncomfortable discussing it simply because they don't understand what exactly AI is, and if it is going to be a good thing or a bad thing for them personally. Kira Systems' Noah Waisberg and Dr. Alexander Hudek are releasing a book on February 3rd that addresses these issues. AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers walks through the questions and gives some easy to understand explanations on how AI is being used in the legal industry. Whether it is document automation, e-discovery, legal research, or a myriad of other legal issues, AI is becoming normalized across practically every task a lawyer or legal professional does. As with most advanced technologies, AI may sound scary, but eventually, it becomes ubiquitous. Information Inspirations The Strategic Knowledge and Innovation Legal Leaders Summit (SKILLS) went online this year using Shindig, and it was a great experience. The audience and presenters found ways to interact, and while LegalWeek may not have happened this year, it was nice to still be able to seek out our conference friends online. Speaking of friends, our fellow 3 Geeks contributor Ryan McClead from Sente Advisors, along with Nicole Bradick of Theory and Principle won the video presentation at SKILLS for their new Map Engine software. Early podcast guest, Jae Um has a five-part series on what to expect in a post-pandemic era for the legal market. It is a must-read. We thought that last year's bar exam was a bit of a mess. Turns out it was more like a mean game of musical chairs. There were definitely winners and losers. The University of Texas Center for Women in the Law is putting on a free CLE featuring Nina Totenberg and four former clerks of Ruth Bader Ginsburg to celebrate the beginning of their Ginsburg Initiative. Listen, Subscribe, Comment Please take the time to rate and review us on Apple Podcast. Contact us anytime by tweeting us at @gebauerm or @glambert. Or, you can call The Geek in Review hotline at 713-487-7270 and leave us a message. You can email us at geekinreviewpodcast@gmail.com. As always, the great music you hear on the podcast is from Jerry David DeCicca.
Today I have a guest! Markus Grupp is the Senior Direct of Design at Kira Systems. On this episode, he'll be sharing his story, "The 90 Million Dollar Mistake" and we'll be exploring the word of the day: negligence.
In this episode, we talk about how startups and small businesses have been impacted by COVID-19. Discussing raising money during a pandemic and that it depends on the industry as some startups hold a strong position to raise money, while some are unable unless they give out more to investors through a lower valuation. The discussion then bleeds into incorrect assumptions and false ethical narratives with business operations, raising money, and expanding during the COVID-19 outbreak. Highlighting that this is not a complete economic lockdown. We talk about useless, unethical and heartless COVID-19 marketing e-mails and debate the reasoning behind such activity. It can stem from many areas, some did a great job and kept it simply to updating customers/clients on business operations while others leveraged the vulnerable emotional state of their customers to increase sales. This lesson is important because we are after long term business relationships with customers and clients. Cold COVID-19 marketing does quite the opposite.We then get into a heartier discussion on Humans VS Artificial Intelligence and the advancement of artificial intelligence over time. We discuss Elon Musk and his concerns with having gone too far with AI. Challenging the potential benefits and dangers of rapid AI expansion.Today's guest is Andrew Kanapatski, the strategic planning manager for Kira Systems, an AI and machine learning platform that analyzes contract text. Andrew strives to help companies across industries understand the various ways in which business and innovative technology come together to yield exponential growth.
In the latest CMO Talks, ITWC CMO Fawn Annan and Kira Systems CMO Vinay Nair discuss the importance of AI and machine learning (ML) to sales and marketing. Nair talks about how emerging tech is helping companies deliver the most impactful messages, and how AI and ML are swiftly moving from great ideas to practical tools for success.
“Artificial Intelligence for contract review is going to be ubiquitous,” says Noah Waisberg, CEO of Kira Systems. Tune in to today’s episode to better understand Artificial Intelligence (AI) and Machine Learning (ML) in legal.
In this episode, we dive into artificial intelligence and learn how the space works. Can artificial intelligence do it better than humans? Does age matter when it comes to building a successful startup? Why are B2B (business-to-business) startups not as popular as B2C (business-to-consumer) startups? How do you build relationships that lead to the first deal and healthily beyond?How do you establish credibility and trust in the artificial intelligence space?These are some of the questions I discuss with today's guest, Andrew Kanapatski, a passionate growth-oriented business executive focused on helping companies across industries understand the various ways in which business and innovative technology come together to grow organizations.
Episode 1:A short summary of Legalsifter an AI contract negotiation tool, as well as an interview with Kevin Miller, Legalsifter CEO. Episode transcript (what does Legalsifter do?):What are AI Contract Negotiation tools I hear you say. Well Broadly speaking these are software tools that assist you when you are redlining or negotiating a contract. They let you upload that contract to their software at which point AI will automatically locate or change language in that contract, helping the contract reviewer to negotiate a contract more effectively and efficiently. Right first things first, now we are talking about Legalsifter specifically, so what does it do? The most important function of LegalSifter is that it has pre-trained AI that knows how to find hundreds of legal concepts, LegalSifter uses this AI (which they call Sifters) to automatically find important parts of the contract and then simply show the user where those clauses are in a friendly interface so that the end user can find the contract sections they care about more quickly and then themselves determine acceptability or not in that particular negotiation. You are also able to some degree incorporate your businesses specific playbook in to the version of the software that you use. Practically speaking this means that if for example you couldn’t agree to non-competes in your NDAs, you would setup that rule in a dashboard in the tool. Later on when you upload a contract, legal sifter would send you an alert telling you it found a non-compete and you can’t agree to this. It's worth noting though that this function does not review the content of a clauses for acceptable wordings, simply whether a clause in their entirety are present or not. Moving on from the AI functionalities of the tool for a bit now, Legalsifter does also have a user interface that has been specifically been designed to assist you when redlining a contract. The interface has things that you would expect like a Word style document editor, but also provides places to store things like rationale for certain company positions or fallback language, that way if your contract reviewer needs to make an edit or understand something they have everything they need at their fingertips make those edits more quickly. Episode transcript (who should use Legalsifter?):Naturally some organisations will benefit more from this tool than others. Organisations that are spending more time reviewing contracts will likely find greater efficiencies. In order to justify using a tool like this directly you probably need to be reviewing thousands of contracts annually, with those that are reviewing complex 3rd party contracts finding the most benefit. However organisations with lower volumes may still be able to benefit from the technology via one of Legalsifters Law firm partners. The second major benefit as I see it is the improved review consistency and application of your organisations contract standards. Ensuring that contract standards are being properly implemented can significantly reduce an organisations legal and commercial risk. Therefore organisations with large legal teams and teams especially one that are geographically distributed could benefit more from this than others. About Legalsifter: LegalSifter is dedicated to bringing affordable legal services to the world by empowering people with artificial intelligence. LegalSifter intends to achieve its mission by working with the legal profession, not against it. Headquartered in Pittsburgh, Pennsylvania (USA), LegalSifter offers its products directly to organizations as well as through and with law firms.About Legaltech Tapas: Legaltech Tapas is a regular podcast that serves up bite sized summaries of the latest legal tools, what they do, and why you might use them. Each episode discusses a different legal tool, and includes an interview with a guest from that company so you can hear directly from the horses mouth why you should be using their product.About the host:Andrew is a legaltech enthusiast + ex mgt consultant + former Kira Systems employee.As an early stage joiner at Kira, Andrew saw time and time again that customers struggled to understand the many new legal technologies entering the market and didn’t have good resources to go to for support.Legaltech Tapas is his one very small effort to try and address that. Get on the email list at legaltechtapas.substack.com
One of the simplest, most basic application of artificial intelligence that we see today is for task automation – to remove repetitive and monotonous activity. In the legal world, this comes in the form of document review and analysis, like Kira Systems. Instead of sifting through pages of documents to find potential risk, Kira automatically highlights and extracts the most important sections of a contract. Rather than trying to find a "needle in a haystack", lawyers can more effectively and efficiently review documents. While it seems like a no-brainer to use this tool to improve productivity, there is still the need for lawyers to ultimately understand the context and semantics of the documents being reviewed. Especially when the potential risk associated to the task is high, building trust into a machine to do the work is imperative in the human-AI collaboration. Interpretability vs. explainability When designing for machine learning products and features like this, understanding mental models is crucial. Users need to feel like they understand how the machine came up with the result. For Winter Wei, Design Lead at Kira Systems, this means its her responsibility to help users interpret what they are seeing. In this podcast episode, we speak to Winter about how she designs trust into the machine learning features at Kira Systems. She dives into the importance of designing in a way that users can interpret and explain the results they are seeing. What You’ll Hear How she applied her background in science and statistics to now designing products. The “needle in a haystack” challenge Kira Systems is trying to solve in the legal industry with artificial intelligence. Why trust is so important in machine learning products and how to incorporate it into the user-design process. How designing for interpretability and explainability can solve the back box problem in AI. About Ask AI Ask AI is an educational nonprofit with a mission to increase connections and inclusiveness within Canada’s artificial intelligence sector. Our volunteer-run projects include hosted events, the Ask AI podcast, our chatbot, and the Ask AI newsletter. To learn more, and get information on sponsorships and volunteering just ask our bot!
Episode 0:A short two minute explainer episode introducing you to what the podcast series will cover and why you want to listen. 🙂About Legaltech Tapas: Legaltech Tapas is a regular podcast that serves up bite sized summaries of the latest legal tools, what they do, and why you might use them. Each episode discusses a different legal tool, and includes an interview with a guest from that company so you can hear directly from the horses mouth why you should be using their product.About the host:Andrew is a legaltech enthusiast + ex mgt consultant + former Kira Systems employee.As an early stage joiner at Kira, Andrew saw time and time again that customers struggled to understand the many new legal technologies entering the market and didn’t have good resources to go to for support.Legaltech Tapas is his one very small effort to try and address that. Get on the email list at legaltechtapas.substack.com
This episode has it all. We talk with Kyle Doviken, Senior Director at Lex Machina about their analytics tool, and about Kyle's passion for helping out in the Austin community through substantial Pro Bono efforts. Greg disturbs a recent third-time father, Noah Waisberg, CEO of Kira Systems to see how the acquisition of $50 million in minority funding will help Kira expand its reach into the legal market and, according to Waisberg, well beyond the legal market. We are adding a new (hopefully) installment of updates on government actions, public policy, and other actions affecting the legal information profession. Emily Feltren, Director of Government Relations at the American Association of Law Libraries fills us in on potential actions coming before the midterm elections, and AALL's push to fill the Privacy and Civil Liberties Oversight Board. Marlene recommends a Netflix movie called American Animals —warning for librarians… rare books are stolen! And, Greg discusses buy vs build.
In September 2017, venerable Magic Circle law firm Allen & Overy launched Fuse, setting aside a portion of its London office for a collaborative innovation space to develop and test new legal technologies, and it named lawyer Shruti Ajitsaria to head the project. On this episode of LawNext, Ajitsaria joins host Bob Ambrogi to discuss why Allen & Overy started Fuse, explain what it does, and describe its work to date. Ajitsaria says Fuse is not an incubator, per se, but a collaborative technology innovation space that gives legal technology companies the opportunity to work directly with Allen & Overy’s lawyers and clients. It’s a win-win, she says. Companies get the chance to test and refine their products, while the firm’s lawyers get to better understand how technology can help them in their own practices. Ajitsaria was a credit-derivatives lawyer dabbling in angel investing when a pitch from a legal technology startup sparked her interest in legal technology. While on maternity leave, she attended Google Campus’ Startup School, and when she returned to work, suggested and then spearheaded the development of Fuse. Fuse differs from other incubators in that it accepts companies that are beyond early stage. Participants in the current cohort include AI platforms Kira Systems and Neota Logic. Another participant, Bloomsbury AI, was acquired in July by Facebook. Allen & Overy so much liked the first company it brought into Fuse, fintech company Nivaura, that it made an equity investment in it. Comment on this show: Record a voice comment on your mobile phone and send it to info@lawnext.com.
In the next in this series of poolside chats from the Bellagio in Las Vegas, Noah Waisberg, CEO of Kira Systems, joins Zach in the Cabana. Also making cameos - David Cambria, Casey Flaherty and Nicole Arbiv.
AI, legal technology, document review, M&A due diligence, banking, finance, corporate, compliance, derivatives, financial regulation, Ravn-iManage, Kira Systems, natural language processing (NLP), innovation teams, strategic and operational considerations, knowledge systems, Ross Intelligence, IBM Watson, expert systems, Neota, probabilistic inference, machine learning Welcome to the first Lawyers of Tomorrow Podcast of 2018! This podcast was originally recorded towards the end of 2017 in Café Rouge in Highgate, London. Stephen Turner, the host of Lawyers of Tomorrow, interviews Richard Tromans, the founder of Artificial Lawyer a website dedicated to reporting on the development and deployment of the new wave of legal technology that can perform legal work. This technology often involves artificial intelligence, for example machine learning, predictive analytics or expert systems. Artificial Lawyer was named by Market Inspector as one of the Top 25 Technology Blogs of 2017, by Feedspot as one of the Top 50 Artificial Intelligence websites, and by Thomson Reuters as one of the Top 10 Sources for Keeping up with Legal Tech. Richard is also the founder of Tromans Consulting which advises law firms on strategy, innovation, and growth - and increasingly, on the deployment of legal technology, including artificial intelligence. Richard has particular skills in advising on merger candidate analysis, international network strategy and innovation development. In this podcast, Richard and Stephen discuss: • the development of Artificial Lawyer• the increase in the complexity of legal issues / documentation • document review and NLP• 2018: deployment of AI systems by law firms• AI at work in document review, compliance, due diligence, banking, finance (e.g. Ravn-iManage, Kira Systems, Luminance) • strategic and operational advice to law firms wishing to deploy artificial intelligence systems• staffing models, legal process outsourcing, alternative legal services providers • innovation teams• fixed fees as a driver for adoption of AI / automation systems• training a document review system• using AI review tools• the accuracy and speed issue: trained AI beats paralegal!• future business models: productisation of legal technology• the development of searchable knowledge systems: IBM Watson, Ross Intelligence• future development of NLP-based, searchable knowledge systems• billing models and fixed fee pricing• Neota and complex expert systems: probabilistic inference and machine learning• Neota's work with Kira Systems: document review and interrogation of data• outward facing expert systems e.g. in lead gen. / business development• chat bots: uses and limitations• blockchain and smart contracts Additional resources mentioned in this podcast:'Legal AI - A Beginners Guide' by Richard Tromans (published by Thompson Reuters and available to download for free from their website).'Legal AI + The Industrialisation of Cognition' by Richard Tromans (published on Artificial Lawyer) This is a fascinating podcast, with great advice and practical points for those interested in leveraging AI technology within the legal sector. Thanks to Richard for taking the time to speak to Stephen. To receive daily updates on the latest AI and legal automation, blockchain etc news, sign up to the email list at Artificial LawyerTo contact Richard: richard@tromansconsulting.com Twitter: @artificiallawyaTo contact Stephen: stephen@lawyersoftomorrow.com Twitter: @stephenjturner If you like this episode, then feel free to subscribe and share this podcast. If you really liked it, then please do us a review using the iTunes app and give us a five-star rating!
Summary: Welcome to the fifty fifth episode of the Evolve Law Podcast. Today our host, Mary Juetten, sits down to talk with Noah Waisberg from Kira Systems and together they talk about the problems Kira is solving by reducing the time and errors spend on going through contracts. For the latest topics, trends and tech in the legal industry, subscribe to Evolve Law Podcast: A Catalyst for Legal Innovation. Listen as legal experts and leaders share insights about the legal industry. For more information, questions, or suggestions about our podcast feel free to email us at info@evolvelawnow.com Show Notes: 00:00 Intro 00:25 Tell us more about Kira Systems 00:50 How did you discover this problem that you are solving? 01:35 How does your software work? 02:41 Do you build your tech yourselves? 03:44 Who are your main customers? 05:55 Do you have any feedback or studies from clients you are working with? 09:22 Outro
We may not yet be at the point where robots are taking all of our jobs … But why not pass off some of the workload at least to machine learning artificial intelligence software that sets the stage for users to employ its contract analysis and helps attorneys in their due diligence. The Director of Marketing of Kira Systems explains how it works and who it works for. Listen to the complete interview to find out how Kira works. Make sure to subscribe, share and review the podcast.