find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Global firm takes on AI technology

Global firm takes on AI technology

innovation

DLA Piper has partnered with Kira Systems to implement an artificial intelligence tool for document review during the due diligence process for M&A transactions.

Kira Systems’ advanced, machine-learning software, which will be available for DLA Piper lawyers across the global firm, searches and analyses text in contracts, giving parties a faster and more complete review and analysis than conventional methods.

“We believe that this innovative technology will do for corporate transactional work what e-discovery has done for litigation,” Jonathan Klein, chair of DLA Piper’s US M&A practice, said.

“It will not only make due diligence faster and more efficient, but will mitigate risk throughout the process, all of which are important benefits for our clients and the firm.”

DLA Piper has already piloted Kira in deals handled by its corporate and intellectual property and technology practices, and was able to measure tangible improvements in speed and accuracy.

The firm plans to quickly roll the program out to its corporate lawyers around the world, while looking at opportunities for expansion into other practices by teaching Kira to identify provisions needed for contract review in these other areas.

“It's clear that using tools like Kira will transform the way in which we deliver our services to clients,” said Lyndon Masters, corporate M&A partner in Brisbane.

“On a recent deal, our knowledge and experience combined with Kira meant that we could deliver to much faster timelines with greater accuracy and efficiency.”

DLA Piper’s international COO Andrew Darwin added that with the rapid rate of new technology emerging in the legal sector, firms must get on board.

“It's crucial that firms are constantly evaluating and implementing new technologies to complement their existing service delivery models,” Mr Darwin said.

“Part of that means committing to bold investments, such as Kira, on an ongoing basis.”

Some firms such as MinterEllison have pointed to the introduction of artificial intelligence in the near future, while other firms have already begun to do so.

Hall & Wilcox recently created an app that uses AI software to assess the likelihood of a claim being recovered, while Hive Legal partnered with AI provider Neota Logic to launch an app that assists regulated superannuation funds to streamline and bring greater consistency to their breach assessment process.

 

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Global firm takes on AI technology
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice
Dec 15 2017
Timing ‘critical’ in unusual contempt of court ruling
A recent case could have interesting implications for contempt of court rulings, according to a Ferr...
Dec 14 2017
International arbitration and business culture
Promoted by Maxwell Chambers. This article discusses the impact of international arbitration on t...
Papua New Guinea flag
Dec 14 2017
World-first mining case launched in PNG
Citizens of Papua New Guinea have launched landmark legal proceedings against the country’s govern...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...