Cyril Amarchand Mangaldas (CAM) has signed an agreement with Canada-based technology company Kira Systems to use its artificial intelligence software. CAM is Kira’s first law firm client in India.
Kira’s software uses artificial intelligence to identify, analyse and extract clauses and other information from contracts and other types of legal documents. It includes integrated machine learning models for a range of transaction requirements, across practice areas. It can also identify different clauses across a large volume of legal contracts with a high degree of accuracy.
CAM hopes the technology will enhance its delivery model to provide certain legal services more efficiently, quickly and accurately to its clients. Although other technologies can identify and tag terms within legal documents, CAM was attracted to Kira’s software due to its advanced machine learning features.
“Our clients expect us to be at the cutting edge of the practice of law, and of the business of law,” said CAM’s managing partner, Cyril Shroff. “We recognize that the business challenges of our clients come first, and that we need a suite of different tools and advanced skills to address these.”
“Cyril Amarchand Mangaldas is an iconic legal brand in India, and we are excited to be working with them on this initiative,” said Noah Waisberg, the co-founder and CEO of Kira Systems. “The firm has outlined a clear transformation and innovation strategy to us that includes not only the adoption of artificial intelligence, but the productization of their legal knowledge and the introduction of unique skills not yet seen in the Indian market.”
Kira Systems’ clients include international law firms such as DLA Piper, Freshfields Bruckhaus Deringer, Clifford Chance, Wilson Sonsini Goodrich & Rosati, Addleshaw Goddard, King & Wood Mallesons and Torys.
UK-based consultancy Janders Dean, which focuses on corporate legal management, future thinking and innovation, has been advising CAM on its technological initiatives and played a key role in new developments at the firm.