Ep 108: Kira’s Cofounders on 10 Years in Business and their New Book on AI in Law

This year marks the 10th anniversary of Kira Systems, the first company to develop AI-powered contract analysis, technology that is now becoming commonplace in the legal profession. To mark the anniversary, Kira’s cofounders are releasing a book, AI For Lawyers: How Artificial Intelligence is Adding Value, Amplifying Expertise, and Transforming Careers. When CEO Noah Waisberg, a former lawyer, and CTO Dr. Alexander Hudek, a computer scientist, launched Kira in 2011, they thought it would be easy to develop machine-learning software to review contracts. They quickly found out otherwise. It was two years before they had a product to sell and nearly three before they earned a penny of revenue.  This week on LawNext, Waisberg and Hudek join host Bob Ambrogi to share their story of founding and building Kira Systems into one of the world’s leading legal technology companies, used by law firms throughout the world.  They also discuss their new book, the topics it covers, and the “friends” from the legal tech industry who helped them write it.  Thank You To Our Sponsors This episode of LawNext is generously made possible by our sponsors. We appreciate their support and hope you will check them out.  ASG LegalTech, home to the practice management platforms PracticePanther, Bill4Time, and MerusCase, and e-payments platform Headnote. XIRA.com, where clients find, book and meet with attorneys; and where attorneys get free, fully integrated practice management software. Everlaw, the cloud-based ediscovery platform for law firms, corporations, and government agencies.  Law Insider, producer of the show Contract Teardown, where they analyze the contracts that others are talking about.  A reminder that we are on Patreon. Subscribe to our page to be able to access show transcripts, or to submit a question for our guests.