‘We Use AI, But We Pass on the Savings’ – Kyra Law

Kyra Law is a pioneering UK-based NewMod law firm. Artificial Lawyer spoke to co-founder Julian Ritter about leveraging AI with this new business model, the work they’re doing for clients, the economics of this approach, and where this is all heading.

And as you’ve seen, NewMods are growing in number at a tremendous rate. Many are in the US, so it’s great to see another one arrive on this side of the Atlantic.

To watch / listen to the video inside the page, please press Play, or you can go direct to the AL TV Channel.

In the video discussion we explore:

• How Kyra Law is built as a ‘new model’ AI-first law firm, designed from scratch around AI rather than retrofitting AI into a traditional firm structure.
• The firm focuses mainly on startups and scale-ups, especially clients between pre-seed and Series B who often need commercial contracts, MSAs, and funding-round support.
• Kyra operates on an unreserved legal basis in the UK, with regulated lawyers doing the work but the business itself not set up as a traditional regulated law firm.
• The firm’s value proposition is speed and price: published fixed fees, same-day turnaround on many matters, and materially lower costs than big law firms.
• Pricing is managed bottom-up using data, risk signals, and learning from past matters, with the goal of making fixed fees sustainable through better forecasting and AI-driven efficiency.

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NewMod Overview:

Kyra Law (www.kyralaw.co.uk) is a UK NewMod: an AI-native law firm delivering the full commercial and corporate stack for UK startups from pre-seed to Series B. The firm handles contract review and negotiation, shareholders’ agreements, term sheets, funding rounds, EMI and SEIS/EIS work, on fixed fees quoted upfront at a fraction of what traditional law firms charge, with turnaround in hours or days rather than weeks.

The model puts AI to maximum use without removing lawyers from the work. Every piece of advice which the firm produces is signed off by qualified solicitors with practicing certificates, and clients can speak with their solicitors whenever they want.

Kyra was founded by Joey Irwin (ex-Linklaters, Monzo, Goldman), Julian Ritter (ex-Bain, exited startup founder) and Jaap Oosterbroek (AI researcher). Clients include startups backed by the likes of a16z and Antler.

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Come and join us in London this November 4th + 5th at Legal Innovators! The conference at the intersection of legal AI and the business of law. Day One: law firms, Day Two: inhouse.

Legal Innovators UK – London, Nov 4 and 5