Invest, Innovate, Integrate: Litera’s Approach to GenAI
Generative AI (GenAI) is rapidly reshaping the legal industry, enabling firms to streamline operations, cut costs, and elevate the quality of legal services. According to our recent survey, this technology is gaining significant traction, with 42% of law firms already utilizing GenAI tools and another 34% planning to adopt them within the next year. Document creation and proofreading stand out as the top use cases, with 69% of firms exploring GenAI as a potential technology to efficiently generate and polish legal documents.
However, with so many legal AI companies claiming to solve every challenge a law firm or legal team faces, it can be challenging to cut through the noise and find the right solution.
Leading the Way in Legal GenAI
As a trusted legal solutions provider for over 30 years, Litera empowers over 2.3 million legal professionals, including 99% of the Am Law 100, to amplify their impact.
For more than a decade, Litera has led the way in AI innovation with tools like Kira, Contract Companion, and Clocktimizer. Now, we're harnessing generative AI (GenAI) to transform the legal experience.
Litera’s GenAI technology delivers relevant information exactly where and when it's needed. Seamlessly integrated into the platforms legal professionals use most — including Word, Outlook, the web, and Copilot — our solutions turn complex, unstructured requests into actionable insights, enabling you to work faster, with greater accuracy, and win more business.
Here’s how we’re infusing our technology with GenAI.
Invest
We are investing in enhancing our core engines, including Kira and our Document Analysis Engine to enhance tools like Contract Companion and Litera Create.
- Kira: We've augmented Kira’s market-leading machine learning technology with large language models (LLMs) to boost accuracy in contract review. With GenAI, Kira will empower legal professionals with summaries of smart field extractions, driving efficiency and enhancing client service.
- Contract Companion and Litera Create: With investment in the Document Analysis Engine, we are reducing false positives for proofreading in Contract Companion and enhancing the experience of document creation in Litera Create.
Integrate
We’re integrating Drafting, Contract Review, and Firm Performance tools for a seamless workflow, accessible through a unified interface in Word and Outlook. Your favorite Drafting tools are also moving from VSTO/COM add-ins to SaaS (Office Add-ins) with smart GenAI capabilities driving productivity and quality.
- Coming Soon! New Drafting GenAI Features: Join the waitlist to discover our new SaaS platform, uniting essential current apps with future must-haves for a seamless experience.
We are also integrating GenAI to enhance the synergy among our existing Litera products and layering in new GenAI-powered features, delivering critical intelligence — matters, clients, deal points, and more — directly to lawyers' fingertips.
- Litera Compare: The future of Litera Compare, used by 75% of the legal industry, includes a browser-based upgrade with GenAI-powered summarization for fast insights into key document changes (coming soon!).
- Kira: Kira now integrates GenAI to provide enhanced value for users, streamlining contract analysis and due diligence with advanced, AI-driven insights.
Innovate
We're innovating with GenAI and LLMs to solve complex legal challenges, using natural language search, data extraction, and automated summarization to turn hours of work into seconds. These new technologies allow us to innovate in ways that were not possible before.
- Foundation Dragon: Legal professionals can advise clients based on market insights automatically drawn from a firm’s experience data and deal points.
- Coming Soon! Foundation Lattice: Lattice is a GenAI-powered natural language search engine that delivers structured data results, allowing legal professionals to ask direct questions and receive precise, organized answers.
To learn more about how Litera’s GenAI legal solutions can help your firm #AmplifyImpact, check out our landing page here.
