No surprise as Allen & Overy licenses Kira software
When Allen & Overy announced in April that Kira Systems was among the second cohort of companies awarded a place in its tech incubator Fuse, we could have bet money that an announcement re a licensing agreement would follow, and today (10 July) it has.
A&O is embedding Kira in its Legal Service Centre in Belfast as well as in a number of its transactional practices to help expedite contract review work and the due diligence process.
“We are thrilled to be partnering with Allen & Overy in their commitment to innovation and look forward to hearing more as the firm incorporates Kira into their ongoing services for clients,” said Sam Spivack, AI practice consultant at Kira Systems. “Allen & Overy is a firm that always strives towards delivering the highest level of client service, and we are excited to work with them in streamlining their contract review processes.”
Surprise or no, this is a big win for Kira, particularly given that A&O stands out among its peers as a leader when it comes to legal tech initiatives.
“We are always on the lookout for innovative solutions that help our lawyers be more productive and we think Kira fits that bill. We want to ensure we continue to provide a high quality service to our clients,” explained Kevin Oliver, A&O’s head of advanced technology delivery.
By joining Fuse, Kira, which counts magic circle firms Freshfields Bruckhaus Deringer, Clifford Chance and Linklaters among its clients, will be able to work closely with A&O throughout the onboarding process of Kira’s software across the firm.
The other established player within the second Fuse cohort is Neota Logic, which is already working with A&O on a number regtech apps.
RAVN Systems (iManage) was one of the first companies in Fuse and its participation in the incubator was announced just shortly after we broke the news that A&O had signed up with iManage as its document management system.