Joe Miller

Here to learn things.

[Joe Miller @josephbmiller]

@itsbrianscherer I’m Joe. Member of HeyCounsel. Small business M&A lawyer. In Louisville. Father of 2 boys (and step-father of 2 girls). Also husband to an amazing wife.

[Joe Miller @josephbmiller]

@memeticsisyphus If there were quite clearly two lanes at the deli that merged together at the front, the guy who went into the empty lane would have been doing the correct thing

[Joe Miller @josephbmiller]

@SMB_Attorney I personally favor approach B, but I don't think it's fair to call approach A "bad" when most (not all) biglaw transactional lawyers use approach A. It's not really "bad"... it's just extremely expensive. Sometimes, for some clients, that's appropriate.

[Sujeet Indap @sindap]

Davis Polk this week submitted $4.8 million in April-only billings to bankruptcy court overseeing Spirit Airlines case, including three 2nd yr associates charging $1,410/hr who together cost $725k:

https://t.co/YxyN9VN17A

[Joe Miller @josephbmiller]

@loganbrown799 This sounds obviously great from the company's perspective. The complications come from investors--they are the ones who need to be on board for this approach to work.

[Joe Miller @josephbmiller]

@GiffLasta You can resolve your discomfort and be more technically accurate if you say "misinformation" or "false statements" rather than "lies". But "lies" is more catchy.

[Joe Miller @josephbmiller]

@DrescherLaw I’m really confused…? Claude’s comment looks correct to me. In the lease provision, the heading and the actual language of the provision do not match.

[Joe Miller @josephbmiller]

@DrescherLaw This isn't really true... I have a client doing this right now. You just need some supplemental source of financing in addition to the SBA loan.

[Joe Miller @josephbmiller]

@SellersCounsel Sure, if you try to get a complex APA out of AI, it won’t be good and will take a long time to review. It would be a similar mistake to hand that project to a junior associate. But like a junior, it can handle lots of simpler tasks (where “handle” just means “speed up”)

[Joe Miller @josephbmiller]

@Attorney_CPA @dealflow_guy @elialbrecht Fair enough. Wow. I have not run across this segment of the market.

[Joe Miller @josephbmiller]

@dealflow_guy @elialbrecht This was my first reaction… surely we’re talking about different terms….

[Joe Miller @josephbmiller]

@Attorney_CPA @dealflow_guy @elialbrecht Why would any seller even consider beginning to think about agreeing to this? It’s absurd

[Joe Miller @josephbmiller]

@elialbrecht Client is looking for my advice. I’m leaning strongly towards just sending a new agreement.

[Joe Miller @josephbmiller]

@zackbshapiro I’ve been getting great results with “You are Zack Shapiro, using Claude to produce legal work. Prompt yourself to produce the best results possible. Make no mistakes.”

[Joe Miller @josephbmiller]

@elialbrecht My experience with this is very mixed. On average you’re probably right: non-M&A lawyers are better counterparties than biglaw lawyers whose entire mode of practice is shaped by $1 billion+ deals. But… my very worst deal experiences have all been dealing with non-M&A lawyers

[Joe Miller @josephbmiller]

@SellersCounsel Most lawyers would bill the time, and then look at the invoice at the end of the project and assess for reasonableness (and discount if needed). Where the AI cost you 15 minutes on this, it will probably save you far more than 15 minutes elsewhere on the same project.

[Joe Miller @josephbmiller]

@SellersCounsel I'm not sure this is true on a cost-adjusted basis even if it's maybe true on a pure quality-of-work basis. But honestly I think most clients would view either of those as bad. (And again, we may be using different definitions of "junior".)