[AI-powered contracts](https://www.artificiallawyer.com/2019/09/19/the-kira-systems-guide-to-ai-driven-contract-analysis/) are drafted, reviewed, stored and tracked by software programs. They are standardized throughout the contracting process. Stored clauses and contract templates provide users with boilerplate language, which speeds up the building of new contracts. This also facilitates contract language and metadata storage and management.
AI speeds up the tedious process of contract review and can quickly extract relevant data. This frees up attorneys to focus their time on analysis of critical contract language. Take, for example, Freshfields Bruckhaus Deringer LLP, a "Global Elite" law firm headquartered in London. Since September 2016, Freshfields has worked with Kira to tackle a variety of projects, ranging from due diligence to regulatory compliance. Kira allows Freshfields to tailor its offerings to every client thanks to its ability to customize the platform using existing knowledge — even when the software has not been pre-trained to extract the specific provisions or the language to be reviewed. With Kira, Freshfields experienced efficiency gains of 20 to 40 percent on a recent project and earned additional work from the same client.