Kira Systems Review - Features, Pricing & Deals

Kira Systems offers AI-powered contract analysis software that helps businesses understand and manage their documents more efficiently. Founded in 2011 in Toronto, the company emerged from the firsthand experience of former lawyer Noah Waisberg, who saw the need to improve traditional contract review methods.

The software uses machine learning to identify and extract important information from contracts and legal documents. It comes with over 1,000 built-in provision models and allows users to create custom ones through its Quick Study feature. Teams can upload documents easily, work together on reviews, and export their findings in various formats like Word or Excel.

Many large organizations, including AmLaw 100 firms and Big Four companies, use Kira for tasks such as due diligence, contract management, and compliance reviews. The platform typically helps complete review projects about 30% faster than manual methods.

Pricing varies based on organization size and needs. Small businesses with up to 10 users can expect to pay around $500 monthly, while larger enterprises with 100 users might pay between $2,000 to $5,000 monthly. Additional costs may include implementation, training, and data migration services.

The company has shown steady growth since its founding, reporting $19.1 million in revenue in 2024 and securing $50 million in funding. With approximately 60 employees, Kira Systems continues to develop its technology while maintaining its headquarters in Toronto.

• Machine Learning Contract Analysis: Advanced AI technology that automatically identifies and extracts key information from contracts, using over 1,000 built-in provision models for precise document review.
• Kira Quick Study: Allows users to train custom models and identify specific contract clauses not covered by pre-built systems, offering remarkable flexibility for unique business needs.
• Intelligent Document Management: Enables easy document uploading through drag-and-drop functionality, providing comprehensive overviews and suggesting expert reviewers for each contract.
• Collaborative Project Platform: Centralizes contract review processes, allowing team task assignments, progress tracking, and communication to accelerate project completion by up to 30%.
• Advanced Export and Reporting: Users can highlight critical text, tag documents, and export summaries in multiple formats like Word, Excel, and PDF for seamless workflow integration.
• Workflow Integration: Seamlessly connects with existing frameworks and virtual data rooms, enabling organizations to build tailored contract analysis solutions.
• Multi-Industry Contract Solution: Supports due diligence, contract management, and compliance reviews across commercial, corporate, real estate, and professional service sectors.

• Small Businesses can access Kira Contract Analysis for up to 10 users at $500 monthly or $5,000 annually.
• Larger Enterprises with 100 users can expect monthly costs between $2,000 to $5,000, translating to annual fees of $20,000 to $50,000.
• Global Enterprises with over 1,000 users can request customized pricing plans directly from Kira Systems.
• Implementation Costs range from $2,000 for small businesses to over $20,000 for large enterprises, depending on integration complexity.
• Customization Costs can vary from a few hundred to several thousand dollars based on specific requirements.
• Training Costs fluctuate between a few hundred and a few thousand dollars, contingent on business size and complexity.
• Data Migration Costs can span from a few thousand to several hundred thousand dollars, depending on data intricacy.

Kira stands out with its advanced machine learning technology that recognizes over 1,000 built-in provisions right out of the box. What makes it special is the Quick Study feature that lets you train the system to find custom clauses unique to your business. Unlike many competitors, Kira was built by lawyers who understood the pain points of contract review, resulting in a tool that's both powerful and practical for legal teams. Users typically report higher accuracy rates and faster implementation compared to similar tools.

Yes! Kira works with most popular document management systems through its flexible API. You can import documents directly from virtual data rooms, cloud storage platforms, and internal repositories. The system accepts multiple file formats including PDF, Word, and scanned documents. Many firms report smooth integration with platforms like iManage, NetDocuments, and Sharepoint. If you're worried about your specific setup, Kira's implementation team can usually find a workable solution for most enterprise environments.

Most small to mid-sized teams get up and running with Kira in about 2-4 weeks. The process includes installation, configuration, and basic training. Larger enterprises with complex needs might take 6-8 weeks, especially if you need custom integrations or have special security requirements. The good news is that users can start getting value from day one with the pre-built models, while gradually expanding use as they become more familiar with the system. Kira's team provides hands-on support throughout the process.

Kira's built-in provision models typically achieve 85-95% accuracy out of the box, which is among the highest in the industry. The system gets smarter as you use it, with accuracy improving over time. When you train custom models using Quick Study, you can expect around 80% accuracy initially, climbing higher as you refine the model with more examples. Remember that no AI system is perfect – Kira is designed to accelerate review, not replace human judgment entirely.

No technical background needed! Kira was built for lawyers and business professionals, not tech experts. The interface is straightforward with drag-and-drop functionality and intuitive controls. Most users feel comfortable with basic functions after just a few hours of training. For more advanced features like creating custom models with Quick Study, Kira provides templates and guided workflows. Their customer support team is also known for being responsive and helpful when questions come up.