Legaltech roll of honour: Difference between revisions

From The Jolly Contrarian
Jump to navigation Jump to search
← Older edit
VisualWikitext
No edit summary
No edit summary
 
(12 intermediate revisions by the same user not shown)
Line 1: Line 1:
{{a|tech|{{image|Lexrifyly logo|png|Where you are headed.}}}}You know what we think about [[legaltech]].  
{{a|tech|{{image|Pie Chart|png|<br>“What I need,” said no [[lawyer]] in the history of the world, “is an app with lots of pie charts and performance graphs”.}}}}As a special service, the JC is tracking the [[legaltechbros]] he knows about. This comes, at first, from those enthusiastic people at ''Legal Geek'' and their “[https://www.legalgeek.co/startup-map/ startup map]” that they kindly created in 2021, and which is now a dynamic, although confusing and hard to follow, and not fabulously well-updated, online resource.  


As an special service, the JC is tracking the [[legaltechbros]] he knows about.  
In any weather, it gives a good picture of the current state of [[peak inflated expectations|''peak'' inflated expectations]], but buries its own [[fossil record]] — those [[legaltech]] startups which are, for whatever reason, no longer of this earth — in a way which our one won’t.


This comes, at first, from those enusiastic people at ''Legal Geek'' and their “[https://www.legalgeek.co/startup-map/ startup map]” that they kindly created in 2021, and which is now a dynamic, although somewhat hard to follow, and not fabulously well-updated, online resource.  
Now, to be sure: there are some good businesses here. Excellent ones. And there are good businesses ''not'' represented here — perhaps they weren’t prepared to pay ''Legal Geek'' whatever lucre it sought for inclusion. We know some of the owners: they are good people. But — well, diamonds in the muck, and all that.


This gives you the current state of [[peak inflated expectations]], but buries its own [[fossil record]] — those legaltech startups which are, for whatever reason, no longer of this earth — in a way which our one won’t. I don’t promise it is accurate, or fair, or up-to-date. If you think your business has been unfairly characterised, let me know.
As we go, we are adding new ventures as we find out about them — admission is free! — though it may be a club you’d rather not be part of — if you would like yours featured don’t hesitate to drop us a line.


As we go we are adding new ventures as we find out about them — if you would like yours featured don’t hesitate to drop us a line.
We don’t promise it is accurate, fair, up-to-date or that we have fully understood, or cared less about, the offerings. After 250 or so crappy websites your eyes glaze over. So if you think your business has been unfairly characterised, let us know.


We aim to track a few dynamics:  
We aim to track a few dynamics:  
===Failures===
===Failures===
Those that have just run out of steam altogether — “👻 as of ~”. Since 2021, that is 42 firms out of the 270 odd on the original list — fifteen percent — have gone ''[[tetas arriba]]'' in just two years. And that was ''before'' the tech winter kicked in.
Those that have just run out of steam altogether — “👻 as of ~”. Since 2021, that is 42 firms out of the 270 odd on the original list — fifteen per cent — have gone ''[[tetas arriba]]'' in just two years. And that was ''before'' the tech winter kicked in.


===Acquisitions===
===Acquisitions===
Our theory is the industry is desperate for consolidation. We will mark those who have been acquired by a bigger fish thus🦈. With the winter coming, the theory ''should'' be that getting hoovered up into a bigger operator, as an alternative to just running out of money altogether, is the smart choice. But good luck with that exit package.  
Our theory is the industry is desperate for consolidation. We will mark those who have been acquired by a bigger fish thus🦈. With the winter coming, the theory ''should'' be that getting hoovered up into a bigger operator, as an alternative to just running out of money altogether, is the smart choice. But good luck with that exit package.  


But here is the weird thing: ''only eleven firms have been acquired''. That is a consolidation rate of just two percent per annum. The needed legal consolidation is not happening.  
But here is the weird thing: ''only eleven firms have been acquired''. That is a consolidation rate of just two per cent per annum. The needed legal consolidation is not happening.  


Perhaps this will change as the tech winter sets in.
Perhaps this will change as the tech winter sets in.
Line 23: Line 23:
Where we see it, we have also added snarkish, superficial and no doubt thoroughly unjustified shade, in the form of emojis about the products based on their business name, website presentation and proclivity for meaningless buzzwordery.
Where we see it, we have also added snarkish, superficial and no doubt thoroughly unjustified shade, in the form of emojis about the products based on their business name, website presentation and proclivity for meaningless buzzwordery.


Sticking “lex”, “ify” or “ly” in your business name and getting some Romanian coder you found on Upwork to mocking up some basic html workflow and claiming you have revolutionised contract management is not going to cut it.
Sticking “lex”, “ify” or “ly” in your business name and getting some [[Java coder from Bucharest you found on UpWork]] to mock up a basic HTML workflow and claiming you have revolutionised contract management is not, any longer, going to cut it. If you have to be an order of magnitude better than your competition to succeed <ref>© Peter Thiel.</ref>, then the fact that your product does the same thing, and looks the same, as dozens of other offerings on the market ought to tell you something. At least twenty-five firms offer the ''same'' contract generation and document management service. ''They will not all survive''.
 
You are welcome to click on the now 300 websites we have painstakingly collated. In fact, you ''should''. It is a sobering realisation of how homogenous, quotidian, and basically ''dreary'' this sector is. There are a few outliers, but broadly the applications all do more or less the same things, with few variations. At least twenty-five firms offering basically the same contract generation and document management service. ''They are not all going to survive''.
 
As we get on we are planning to build the list out to feature the types of businesses these websites represent, but for now just clicking on the links will reveal a jaw-dropping amount of homogeneity. Lots of frustrated associates at across the big law universe all seem to have had the same idea. Who would have thought that legal practitioners would be so conditioned to thinking in exactly the same way as each other?


If you don’t believe me, you are ''welcome'' to click on the now 300 websites we have painstakingly collated. You ''should''. It is a sobering realisation of how homogenous, quotidian, and basically ''dreary'' this sector is. There are a few outliers, but broadly the applications all do more or less the same things, with few variations. 


As we get on, we plan to build the list to feature the types of businesses these websites represent, but for now, just clicking on the links will reveal a jaw-dropping amount of homogeneity. Lots of frustrated associates across the big law universe all seem to have had the same idea. Who would have thought that legal practitioners would be so conditioned to think in exactly the same way as each other?


{{sa}}
{{sa}}
Line 35: Line 33:
*[[Legaltech]]
*[[Legaltech]]
*[[Lexrifyly]]
*[[Lexrifyly]]
*[[Hype cycle|Gartner peak inflated expectations]]


So, with feeling:
==The JC’s “Legaltech Roll of Honour”==
 
{{small|75}}
==The JC’s Legaltech Roll of Honour==
<small>
{{legaltech roll of honour}}
{{legaltech roll of honour}}
</small>
<div>
{{ref}}

Latest revision as of 10:07, 5 August 2024

JC pontificates about technology
An occasional series.

“What I need,” said no lawyer in the history of the world, “is an app with lots of pie charts and performance graphs”.
Tell me more
Sign up for our newsletter — or just get in touch: for ½ a weekly 🍺 you get to consult JC. Ask about it here.

As a special service, the JC is tracking the legaltechbros he knows about. This comes, at first, from those enthusiastic people at Legal Geek and their “startup map” that they kindly created in 2021, and which is now a dynamic, although confusing and hard to follow, and not fabulously well-updated, online resource.

In any weather, it gives a good picture of the current state of peak inflated expectations, but buries its own fossil record — those legaltech startups which are, for whatever reason, no longer of this earth — in a way which our one won’t.

Now, to be sure: there are some good businesses here. Excellent ones. And there are good businesses not represented here — perhaps they weren’t prepared to pay Legal Geek whatever lucre it sought for inclusion. We know some of the owners: they are good people. But — well, diamonds in the muck, and all that.

As we go, we are adding new ventures as we find out about them — admission is free! — though it may be a club you’d rather not be part of — if you would like yours featured don’t hesitate to drop us a line.

We don’t promise it is accurate, fair, up-to-date or that we have fully understood, or cared less about, the offerings. After 250 or so crappy websites your eyes glaze over. So if you think your business has been unfairly characterised, let us know.

We aim to track a few dynamics:

Failures

Those that have just run out of steam altogether — “👻 as of ~”. Since 2021, that is 42 firms out of the 270 odd on the original list — fifteen per cent — have gone tetas arriba in just two years. And that was before the tech winter kicked in.

Acquisitions

Our theory is the industry is desperate for consolidation. We will mark those who have been acquired by a bigger fish thus🦈. With the winter coming, the theory should be that getting hoovered up into a bigger operator, as an alternative to just running out of money altogether, is the smart choice. But good luck with that exit package.

But here is the weird thing: only eleven firms have been acquired. That is a consolidation rate of just two per cent per annum. The needed legal consolidation is not happening.

Perhaps this will change as the tech winter sets in.

Dreary business ideas

Where we see it, we have also added snarkish, superficial and no doubt thoroughly unjustified shade, in the form of emojis about the products based on their business name, website presentation and proclivity for meaningless buzzwordery.

Sticking “lex”, “ify” or “ly” in your business name and getting some Java coder from Bucharest you found on UpWork to mock up a basic HTML workflow and claiming you have revolutionised contract management is not, any longer, going to cut it. If you have to be an order of magnitude better than your competition to succeed [1], then the fact that your product does the same thing, and looks the same, as dozens of other offerings on the market ought to tell you something. At least twenty-five firms offer the same contract generation and document management service. They will not all survive.

If you don’t believe me, you are welcome to click on the now 300 websites we have painstakingly collated. You should. It is a sobering realisation of how homogenous, quotidian, and basically dreary this sector is. There are a few outliers, but broadly the applications all do more or less the same things, with few variations.

As we get on, we plan to build the list to feature the types of businesses these websites represent, but for now, just clicking on the links will reveal a jaw-dropping amount of homogeneity. Lots of frustrated associates across the big law universe all seem to have had the same idea. Who would have thought that legal practitioners would be so conditioned to think in exactly the same way as each other?

See also

The JC’s “Legaltech Roll of Honour”

Key

👻: Defunct as of ~
🦈: Gobbled
🏷️: Name change
🛸: AI/space-aged
🚑: Ambulance chasing
🤓: Smart contracting
🤖: Automation
🔨: Alternative legal services
₿: Blockchain
🖥️: Process management
🖊️: Digital execution
📚: Knowhow/Training/Compliance
🛒: Marketplace/Spend management
🦮: Support for lawyers
🥐: Continental
💩: Buzzword extravaganza
⚖️: Dreary branding
😬: Eeesh
🤡: Oh dear with the branding
🏌️: Join the club: homogenous product

🤷: Search me

Roll

Abogadea 👻 1/23 🥐
Altis 👻 1/23
Archii 👻 10/23 🏷️🥐🖥️🤖🛸
Atkins-Shield 👻 1/23
BigLegal 👻 1/23
BizBot 👻 10/23 🤖🦮
Case Crunch 👻 1/23
Case hub 👻 1/23
Claimit 👻 2/24 🚑⚖️“Website defunct”
clause 🦈 Docusign🖥️
CloudLegal 🦈 1/23
Complylog 🦈 EuroNext🏷️
Contractinbox 🦈 1/23
ContractsDone 🦈 1/23
Data Boxer 🦈 1/23
Data Solver 🦈 1/23
Datajuristes 🦈 1/23 🥐
Define Legal 🦈 1/23
Defined Terms Checker 🦈 4/24 🖥️🤖
DellaAI 🦈 10/23 Wolters Kluwer🛸
DocGovern 👻 1/23
DocYard 👻 1/23
Easy Quorum 🦈 Wolters Kluwer🦮
Enforcd 🦈 10/23 Waymark TechWaymark Tech📚
Enoron 👻 1/23 😬“Enron with an o”
Flexebos 👻 1/23
Frisk Reports 👻 1/23
Hoxro 👻 4/24 Hoxro🖥️
Law Tech Factory 👻 1/23
Lawers 👻 1/23
LawXero 👻 1/23
LegaleXe 👻 8/24 ⚖️🤡“This Account has been suspended.”
LegalHero 🦈 Lexly
Legaline 👻 4/24 🥐🔨
Legalydocs 👻 1/23
lexoo 🦈 8/24 Kalexius🖥️🤖⚖️🤡
Ligabis 👻 1/23
Listened.to 👻 1/23
Magnus Legal 👻 1/23
MyLegalAdviser 👻 1/23
neopolis 👻 4/24 🖥️
Online Lawyers 👻 1/23
Pingalawyer 👻 1/23
ProAnnexUs 👻 1/23
RFRNZ 👻 1/23 🛸
Route1 👻 1/23
Sibyl 👻 1/23
Sket.io 👻 1/23
Spectr 👻 1/23
synergist 👻 1/23
TagDox 👻 1/23
Teal Legal 👻 10/23 🔨
Teqmine 👻 1/23
Third Way Legal 👻 10/23 🦮🛒
Tiempo 👻 1/23 🏷️
Top3Legal 👻 10/23 🔨🛒
Vaxes 👻 1/23
Votre Robin 👻 1/23 🥐
WeLegal 👻 1/23
WorkShare 🦈 7/19 Litera📚
aatos.app🥐🔨
Access Solicitor🛒
AdaptingLegal🥐🤖
Addalia🥐🖥️🦮“Solutions for the digital customer journey.”
Adviserly🔨🛒⚖️🤡
Ageras🥐🔨🦮
AgileCase🖥️
Alacrity Law🛒
Alyne🏷️🤖💩
amicable🔨🚑😬“The trusted legal service for divorcing and separating couples.”
Amiqus🦮📚
AML Rightsource🏷️🦮😬“Reimagining compliance.”
Annotate🖥️🤖
Apperio🛒
Appjection🥐🔨
Arvesikring🥐🔨🤖
Atomian🖥️🤖🛸
Autto🖥️🤖
Avail🤖🦮🛸
Avokaado🥐🖥️🤡
Avoteca🦮
Avvoka🖥️🤖
Bigle🖥️🤖
BlockchainyourIP🥐🤖₿💩
Bounsel🖥️🤖🤡“CLM software reimagined.” (To be exactly like all other CLM Software, apparently.)
Briefed🔨
BusyLamp🛒
CallALawyer🥐🔨
Capdesk🦮
Case Law Analytics🥐🤖
Casedo🖥️😬“Say goodbye to your ring binders.”
Catylex🤖🤓🤡
Certifydoc🔨🤖🦮₿
ClaimsGate🚑🤡
Clara🖥️🤖
ClauseBase🤖😬“Limitless drafting.”
ClauseMatch🤖📚
Clever Compliance🏷️🦮
Cognitiv+🤖🤓
ComplyCloud🥐🔨📚
ConfirmSign🥐🖥️🖊️
Connect4🖥️🦮⚖️💩
Consult.law🥐🖥️🔨🛒
Contractbook🖥️🤖
Contractpedia🖥️🛒🤓
ContractPodAi🖥️🛸🤓
ContractZen🖥️
Corporify🦮🤡
corsearch🏷️🚑
Courtsdesk🦮🤓
Crafty Counsel🦮🛒📚
CrowdJustice🚑
Dealsign🖥️🖊️🛸
Demander Justice🥐🔨
digura🥐🚑
DinArv🥐🔨
Doc2🖥️🤖🤓
DocJuris🖥️🦮🛒🛸🏌️⚖️💩“The fastest and most accurate way to close deals”
Doctrine🥐🛸
Docue🏷️🥐🖥️
Documendo🥐🖥️🤖
Documentdrafter🏷️
DX🏷️🖥️🤖
Domaine Legal🥐🔨🛒
Donna🖥️🤖
DoNotPay🔨🤖🛸
E3CT🦮📚
eContractHub🖥️⚖️
eEvidence🦮
eGarante🥐🔨⚖️
eJust🥐⚖️
elAbogado🥐🔨🛒🏌️
Enloya🔨🛒🏌️
Eperoto🥐🚑🤓
Exizent🖥️🦮📚🤡
eXperYenz🔨🛒🏌️⚖️🤡
Farewill🔨😬“The UK’s best rated death experts”
FindMyNotary🔨🛒
FindOthers🔨🛒🚑
Fintact🖥️📚
F-LEX🔨⚖️
Fliplet🦮
FromCounsel🛒📚
Gaius🔨⚖️“WE ARE FOCUSED IN MEETING OUR CUSTOMERS’ NEEDS AND CARRYING OUT ITS GOALS AND OBJECTIVES”
Gatekeeper
Genie🛸
Golegal🔨📚
HappyResolution
Henchman🖥️🤖
Hoowla🖥️⚖️
Hunit🛸₿
DiliTrust🏷️🤖🛸⚖️
Ilves🤖🤓
🦈In99🥐🚑
inCase Legal
incaseof.law🔨
Inddubio🥐
Indemniflight🚑
Indemniza.Me🥐🚑
Intapp🖥️🛸
Intelllex🛸📚🤡“Three Ls! Not a typo!”
InTouch🔨
iubel🥐🚑
iusify🖥️⚖️
Juralio🖥️🤓
JuriBlox🔨
Juriosity🛒
JuriPhone🛒
Juro🤖
Just🦮
Just Lab🥐🔨🛸
JustBeagle🛒
Justifit🏷️🥐🔨🛒
Karva🏷️🥐🔨
Kleros🔨🚑😬“A decentralized arbitration service for the disputes of the new economy.”
Knowlex📚⚖️
Kormoon🤖🛸
Kudocs🤖
La Fabrique Juridique🥐🛒
Law Superstore🛒🚑
Lawbite🔨⚖️🤡
LawPanel🖥️🏌️⚖️
Lawyer 365🔨🛒
🦈Lawyer Checker🦮
LawyerlinQ🛒
Le Droit Pour Moi🥐📚
Lean Entries🤖🤓
Legal Monitor🛒
Legal Pigeon🥐🛒🤡
Legalcomplex“Search Trillion of Dollars in Deals in Seconds”
LegalDutch🥐🦮
Legalesign🖥️🖊️⚖️
LegalThings🥐🖥️🤖
Legartis🤖🛸🤓
Legatics🖥️⚖️💩
Legito🖥️🤖
Legly🖥️🤖🛸⚖️🤡
LEX superior🥐📚⚖️
LexDigo🥐⚖️
LexGo🛒💩
LexIQ🥐🔨💩
Lexly⚖️🤡“With cutting-edge technology and a passion for customer experience Lexly is shaping the future of legal services.”
Lexolve🥐🖥️⚖️
LexSnap🛸📚⚖️
LexStep🛒⚖️
Libryo🔨📚
Linkilaw🔨
Logical🖥️🤖🤓
MaitreData🥐🤡
Majoto Lab🖥️📚
MaLegalTech🏷️🥐
MaNewCo🥐🦮
matters.Cloud🖥️🦮
Matters+🖥️
Ment🏷️🤖🤡
Milcontratos🥐🖥️
Mine Arvinger🥐🔨
Subscribo🏷️🖥️🤖🤓
myBarrister🛒🚑
MyDocSafe🖥️🤖
MyNotary🔨
Nalytics🛸🤓
Nemo Jus🥐🤡
Netzbeweis🥐🚑
Nomio🛸🤓📚
nubbius🥐🦮
Oasi🥐🔨🛒
Oathello🦮🤡
Office & Dragons🖥️🤖
Ohalo🛸🤓
Oneflow🖥️🤖
online solution attorney🥐🔨🛒
Onna Technologies🖥️🦮🤓
Ontra🏷️🖥️🔨🛸🤓🏌️💩“AI-powered legal operating system automates mission-critical legal processes across the full fund lifecycle.”
Oratto🔨🛒🤡
Orbital Witness🖥️🦮
Ozmosys📚💩😬🤡“Cutting-Edge Tech to Empower and Streamline Knowledge Services.”
P&K TimeApp🥐🖥️
Panache Software🖥️🦮
PatentProfs🥐🔨
Payink🦮
PersonalData.IO🥐📚
Persuit🛒
Pirical🏷️🔨🦮
PocketLaw🖥️🤖
PolicyStore📚
Post-Quantum🦮⚖️💩“Helping organisations become quantum-safe across their entire digital footprint.”
Precisely🤖🤓
Predictice🥐🦮📚
ProFinda🛒⚖️💩
Punto Neutro🥐🦮😬“Tranquility in your communications.”
PymeLegal🥐⚖️
PythAgoria🛸🤓💩
Quarande🥐🚑
Reclamador🥐🚑
ReviewSolicitors🛒
RightsDD🤓📚
Rosetta Advisor🥐🦮
Ruby Datum🖥️🤓
Scribestar⚖️💩
Scrive🖥️
Seers Group📚
semantha🤖🛸🤓
Senate🖥️🔨🛒
Sharedo🖥️
Signaturit🥐🖥️🖊️
SignRequest🖥️🖊️
singlerulebook.com📚
SnapDragon🛸🚑
SoftLaw🥐🖥️🛸
Solomonic🦮🚑
SomeBuddy📚
Sparqa🔨🛒🛸“Your Digital Lawyer. To help build and protect your business”
StructureFlow🦮📚
Summize🖥️🤖⚖️💩😬“Digital contracting done differently.”
Tabled🖥️🤓⚖️💩
Tenant Compensation🛒🚑
Terminis🥐🖥️
TestaViva🥐🔨
The Link App🦮
The Privacy Compliance Hub📚
Thirdfort🤓📚
ThoughtRiver🤖🛸🤓⚖️
TIQtime🦮
Tirant Analytics🥐🛸🤓
Tonic Works🦮
Trakti🖥️🤖
Trama🚑⚖️
TripleCheck🦮
tuAppbogado🥐🔨🛒
UNAES🥐🔨🛒
Unpaid🥐🚑
Vable📚
ValidatedID🦮⚖️
Validient🦮📚
Valla🚑
VC-EXP Safe💩
Verify🦮📚
Vizlegal🚑
VQ Legal🤖🛸💩
Waymark📚
WillSuite🤖🦮
Winu🥐🚑
XBundle🖥️🚑🤓
Zefort🏷️🥐🖥️🏌️
ZYNYO🖥️🖊️

References

  1. ↑ © Peter Thiel.
Retrieved from "https://jollycontrarian.com/index.php?title=Legaltech_roll_of_honour&oldid=87749"