Real Person / Lawyer-ish: New Yorker, LegalTech / LegalAI OG and CEO of LexFusion. Love science, technology, cats and sarcasm. Not necessarily in that order.
Taking to @bloomberglaw about the M&A (boom?) in legal tech.
“People are talking to me more about buying and selling than ever before,” said Joe Borstein, a partner at Baretz+Brunelle who advises legal tech companies on business strategy.” https://t.co/OVJTt3RM9y
look at Crosby's summer class and what AI can do compared to a year ago. these kids haven't been indoctrinated by the billable hr or past legal processes. law is going to dramatically and rapidly change. "tabula rassa" should be every lawyer's motto
May was a big month for @WeAreLegora .
Legal professionals are the ultimate proof of the product.
That's the only adoption curve that matters. When lawyers are logging 40+ hours a month and churning at under 1%, that's not a sales story. That's a product story.
I think about the guy that doesn’t have the money for a lawyer fighting a custody case. Previously he was toast. Now he’s got a chance. Many such cases across the law and justice. Pretty cool to be honest.
I don’t really understand the doom and gloom around AI in the legal industry.
Honestly, AI may be one of the greatest opportunities young lawyers have ever had… if they use it correctly.
The legal profession rewards leverage.
Let me ask you a question…
Have you ever watched a young attorney convert a Word document to PDF for a “seasoned” lawyer?
I have.
The room acts like magic just happened.
Now… Imagine what happens when an entire generation of younger attorneys becomes fluent in AI while others refuse to adapt.
The people who think AI is about avoiding work are missing the point.
The real advantage is being able to move faster, communicate better, stay more organized, and spend more time actually thinking instead of getting buried in repetitive tasks.
There are drawbacks to it, but that’s a topic for another day on how legal education can adapt.
For now, let me ask you another question…
Do you see law firms with massive libraries and dozens of young lawyers huddled around a table combing through physical books for hours on end?
Would you want them to do that today?
The lawyers who learn how to work with AI early are going to have a massive advantage.
Kirkland & Ellis, the world's highest-grossing law firm, is setting aside $500M to build its own AI platform rather than rely on tools available to its rivals (Financial Times)
(Visit Techmeme dot com for the link and full context!)
can’t wait to be back to nyc next week.
you have to leave it for a while to get a renewed sense of appreciation for it.
i guess that might be true for a lot of things.
Been living in New York City for around five years now.
Yes, it’s expensive, taxes are high, and there are some interesting characters walking around. Those are some of the costs.
Here’s what we get:
Access to the best restaurants in America, no matter what type of food you’re in the mood for.
Everything our family needs is just a short walk away.
You constantly get to see friends in person, as they’re always passing through.
Some of the best public and private schools in America.
The network you build here, just by going about your day-to-day life, is incredible. You run into some of the most interesting people doing the most amazing things at the highest level.
Access to the best doctors in the world.
The career opportunities here are immense, no matter what you do.
Central Park – my go-to spot – never gets old.
If you’re a shopper, there’s nowhere better in America.
If you’re an entrepreneur, this city forces you to think bigger on a daily basis.
Broadway, sports, concerts, comedy – the highest level of entertainment, right in your backyard.
The subway. Yes, the subway – and yes, millions of normal people take it every day – gets you around this place like a time machine.
It’s a wonderful place to raise kids. Every kids' activity you can think of is just blocks away. Our son loves the Natural History Museum, and endless playdates are available either in our building or within a three-minute walk.
Maybe all those folks who can afford to live anywhere in the world but choose to raise their families here aren’t so crazy after all.
it must suck to be an air conditioner repairman cuz you spend your day working in buildings that have no air conditioning.
when it's fixed & finally cool, you have to leave.