piper make major ai play
The robots keep coming: DLA Piper makes major AI play with Kira software deal
Intent on driving automation throughout the business, DLA Piper has partnered with Canadian tech firm Kira Systems to launch an artificial intelligence tool for document review during M&A transactions. The move comes just three months after Kira Systems secured a similar deal with Big Four accountant Deloitte and follows a 200-person UK redundancy round by DLA Piper as part of an attempt to shift towards automation. 'We believe that this innovative technology will do for corporate transactional work what e-discovery has done for litigation,' said Jonathan Klein, chair of DLA Piper's US M&A practice. '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.' Kira Systems has developed machine-learning software, which will be available for DLA Piper lawyers across the global firm, to search and analyse text in contracts.