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1 of 7
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
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

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Legal Tech Startups

  • 1. Legal Technology Startups Are still just startups
  • 2. 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
  • 3. 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).
  • 4. 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
  • 5. 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
  • 6. 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
  • 7. 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