legal tech startups

Legal Technology Startups

Are still just startups

Some General Startup Issues

Founders: compatible and comprehensive Market: Goldilocks – juuuuust right Barriers to entry Inefficiencies, ripe for disruption

those who pay must see benefit Focus on customers, not competition

Random Points

Google's competitors lost as much as Google won (Excite, Alta Vista, Yahoo!, etc.)

With all factors at 80% good – only ~10% succeed.

Startups are a LOT of work, and not fun fun fun (unless you're following your passion).

Search

A solution to many (legal) problems: case law, patents, legal services; statutes?

Information specification (e.g. author, geographical region, date, cost, etc.)

Single ranked list: from macro to micro Text search: inverted index, tf/idf, vectors Automated classification

Access

U.S. “Justice Gap”: poor 80% unmet needs Latent Market: underserved Comparison with, say, Belgium CA Bar: “expand, support, and improve” Technology: leverages orders of magnitude

Conclusion

Lots of current and future changes Legal Technologists: tech-savvy lawyers,

law-aware techies Not just evolution, but design Goals: increased efficiency, accuracy,

accessibility, fairness