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15 results for “legal strategy”
...happening in legal AI. You know, just given how document intensive the industry is, there's tons of applications for LLMs in the space. Most of what you probably heard are around companies like Harvey, you know, serving the defense and the corporate
16:30 / 17:33
from transcript16:30 – 17:33
...could be legal docs. Oh, we're doing an m and a we did an m and a deal. We're being sued. You hire a new counsel to, you know, do the
55:31 / 56:29
from transcript55:31 – 56:29
...of these contracts and all this legal work. And I think the reason
4:35 / 5:45
from transcript4:35 – 5:45
...the legal work that the law firms do is pretty much undifferentiated. You get pretty much the same thing depending on which firm you go to. If you just look at the, you know, Diddy and the work. It's kind of, an equilibrium where the price gets offer
49:20 / 50:39
from transcript49:20 – 50:39
...is legal. And you need a law firm that, you know, it's tough with most, law firms because, you know, the billable hour wins. And and the law firm, frankly, is not necessarily there it's not in their best interest to tell you no. So I I as a I'm not a
45:43 / 46:48
from transcript45:43 – 46:48
But the lawyers that are there in 2030 or 2040, they will be valued much more for their kind of, high level and and sort of, commercial input and market knowledge input than just their, sort of, yeah, their drafting lengthy documents. I was gonna ask
44:12 / 45:19
from transcript44:12 – 45:19
...speak to someone who can give you a bit of expert legal advice,
5:10 / 6:19
from transcript5:10 – 6:19
They were, in many ways, asking for a faster horse, and we wanted to build a cart. What I realized was that we needed the brand, and we needed to be coupled with a firm that had a very serious position in the market. They they are innovative. They ar
19:26 / 20:36
from transcript19:26 – 20:36
...writings out there to pull from. Is that correct? And is there something that I'm missing that makes AI a good fit for, AI? Yeah. Yeah. No. I I think that's exactly right. Like, I think there's a ton of analogies between code and legal, and these fee
6:36 / 7:46
from transcript6:36 – 7:46
...And so I have a lease, and I need to get, you know, input on that. That's completely different than what these massive law firms are doing. And so I think a really good example of what these firms are doing that, I mean, you guys will be familiar wit
3:01 / 4:16
from transcript3:01 – 4:16
And but it just gets billed out separately. Mhmm. And I think one thing is that partners might just accrue a lot more of the value with fewer associates. They still have the build hours. They're just a lot more efficient. And, you know, in particular
29:13 / 30:21
from transcript29:13 – 30:21
...mean, legal search terms on on Google are are the most expensive, cost per click. I mean, these thousands of dollars for cost per click. Case acquisition, I think, is might go up even more because if you can just get the case in and you're still you'
41:12 / 42:15
from transcript41:12 – 42:15
...work that they do at a loss in order to get the big deal. Mhmm. So, you know, a lot of law firms will do work for private equity, and they will do that work at a massive discount or even, again, even at a loss in order to get the LBO or the M and A.
24:04 / 25:06
from transcript24:04 – 25:06
...the legal work that the law firms do is pretty much undifferentiated. You get pretty much the same thing depending on which firm you go to. If you just look at the, you know, Diddy and the work. It's kind of, an equilibrium where the price gets offer
48:37 / 49:46
from transcript48:37 – 49:46
...seeing legal AI companies do so well. But I was just blown away by the amount of capital going into EVE, Nexel, Spellbook, Harvey, EvenUp, and Legora in the last, like, thirty days. So yeah. There's and there's a couple of things that lawyers do. You
53:59 / 55:03
from transcript53:59 – 55:03
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