With a focus on delivering seamless, integrated experiences across various devices, Litera aimed to align with the current needs of legal professionals. For nearly three decades, these innovations have further solidified Litera's role in driving change within the legal industry.

“With the launch of Litera Add-in in both Microsoft Word and Outlook, our core enhancements in Drafting and the expansion of Dragon and Kira, Litera is innovating squarely at the intersection of the business and practice of law – something no one else in this industry is doing,” said Litera CEO Sheryl Hoskins. “When it comes to innovation, we want to enhance every part of the lawyer workflow from drafting and contract review to knowledge management and business development.”

Litera has redefined how legal professionals interact with key drafting, contract review, and firm performance tools by integrating them seamlessly within Microsoft Office. The Litera Add-in streamlines a firm's technology ecosystem, offering enhanced workflows and insights that boost drafting efficiency. This add-in, accessible on any device with an Internet connection, is available for Microsoft Word and Outlook. In Word, the beta version currently supports proofreading and document comparison, while the Outlook version includes metadata cleaning features. Looking ahead, Litera plans to introduce more comprehensive document drafting, AI-driven contract review, and search functionalities throughout 2024 and 2025. Since deepening its collaboration with Microsoft in May, Litera aimed to extend core workflows across its drafting suite and integrate additional generative AI capabilities, including integration with Copilot, to drive new business opportunities and improve client satisfaction.

"At Litera, we're committed to deeply enhancing our core solutions while also developing powerful integrations and innovation to deliver connected workflows that meet lawyers where they work,” said Litera Head of Product Adam Ryan. “For example, by being able to tap into your firm’s collective knowledge and experience while drafting allows lawyers to immediately identify market standard positions to enhance their drafting processes, all from within Microsoft Word.”

Litera has broadened the capabilities of Foundation Dragon, initially introduced earlier this year, by adding a new Real Estate Purchase Agreement deal type. Foundation Dragon enhances client service by providing data-driven insights that give lawyers a competitive advantage in negotiations, offering a thorough 360-degree understanding of market trends. Litera's strategy involved collaborating with in-house industry experts and clients to create a detailed set of deal points tailored to specific practice areas. This approach allows firms to leverage ready-made industry-standard templates across various legal domains, avoiding the complexities of maintaining custom solutions over time. The M&A profile within Foundation Dragon was designed to align with the ABA's M&A deal point study, ensuring it meets rigorous standards. As Foundation Dragon evolves, it will include more document types, such as credit agreements and venture capital documents, empowering lawyers to advise clients confidently, approach negotiations strategically, and efficiently identify precedents for future deals.

“As an early adopter of Foundation Dragon, we felt confident that Litera would appreciate our feedback, which they took and very quickly incorporated to improve the tool,” said Casey Rauschenberg, Experience Manager at Frost Brown Todd. “Dragon makes the practice of collecting real estate data even more efficient and helps us offer better and faster answers to our clients. Dragon helps us punch above our weight as a firm and we’re giving our lawyers access to better data than they’ve ever had before.”

Kira’s new Rapid Clause Analysis provides turbo-powered comparisons and actions on clauses across documents or selected templates in one step. With Rapid Clause Analysis, legal teams can instantly identify identically drafted clauses across all documents in a project; simultaneously take actions that apply to all identically drafted clauses, such as tagging, flagging, and generating summaries. This breakthrough feature allows lawyers to further accelerate their contract review process and flag potential issues across a broader document set more quickly. Rapid Clause Analysis will be available to all Kira customers at the end of August.