Kira can quickly review large volumes of legacy contracts and highlight the information that should be reviewed and considered in the context of an IBOR review. This enables organizations to begin preparing a review and repapering plan immediately, and helps mitigate potential financial and other risks associated with IBOR cessation. For example, Eigen has made their QA capability a central part of their offering for some time now. London, – Hogan Lovells, in collaboration with FTI Consulting and Cognia Law, has launched Hogan Lovells Engage: LIBOR – a new solution to combat the significant legal and administrative challenge of dealing with LIBOR re-papering. Check compare for players: Matus Kira vs Libor Hrdlicka.
Global law firm Norton Rose Fulbright (NRF) has launched its own IBOR repapering platform utilising a range of tech tools, including eBrevia and Kira Systems, with the potential to use four other NLP-driven doc review tools. The move comes amid growing demand in the financial services sector for more efficient solutions to the massive. So, the biggest opportunity for us in the last few years has been helping to extract data from contracts, both current and legacy, and moving that good. Kira ’s leading machine learning contract analysis technology has helped top teams globally. (more…)