Legaltech startup conference: Difference between revisions

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[[File:Kids say the funniest things.png|450px|thumb|center|An occasional column devoted to gems from the IT profession]]
[[File:Kids say the funniest things.png|450px|thumb|center|An occasional column devoted to gems from the IT profession]]
}}We define a [[legal tech start-up conference]] as “opportunities for fantasists to meet the credulous and sell them stuff they don't need,” and a successful one where the credulous side of the room have meaningful budgets and a mandate to modernise and innovate at all costs. This is not nearly as implausible as it sounds, or ought to be.
}}We define a [[legaltech start-up conference]] as “opportunities for fantasists to meet the credulous and sell them stuff they don’t need,” and a successful one where the credulous side of the room have meaningful budgets and a mandate to modernise and innovate at all costs. This is not nearly as implausible as it sounds, or ought to be.


Here is an interesting list for the neural network to parse and analyse: here are the two hundred and seventy-seven [[Vendor|Vendors]] listed in the Legal Geek “Startup Map”<ref>I am not making this up: https://www.legalgeek.co/startup-map/. There could be more: the utterly bamboozling way it is set out made it hard to be sure I had go them all.</ref> Now I confess, not all of these are necessarily for profit businesses (by which I mean ''intending to make a profit'': a large portion of them, however well disposed to the ''idea'' of making a profit, clearly won’t ever ''actually'' make one) — there are some, even at a equick scan, that don’t such as ''The Crafty Counsel''. But let’s just say, for the sake of argument, that most do. Now there can be no doubt that the amounts spent in the pursuit and defence and analysis of one’s legal rights and obligations are, to all intents, infinite, but the particular problems to be solved by tech are not. ''There are only so many uses you can but technology to''. Do not confuse value of spend and things to spend it on. They are very different.
Here is an interesting list for the [[neural network]] to parse: here are the two hundred and seventy-seven [[Vendor|Vendors]] listed in the Legal Geek “Startup Map”<ref>I am not making this up: https://www.legalgeek.co/startup-map/. There could be more: the utterly bamboozling way it is set out made it hard to be sure I had go them all.</ref> Now I confess, not all of these are necessarily for profit businesses (by which I mean ''intending'' to make a profit; a large portion of them, however well disposed to the ''idea'' of making a profit, won’t ''actually'' make one) — there are some, even at a quick scan, that don’t.  


Even leaving aside the [[JC]]”s usual perorations about scale and [[rent-extraction threshold]]s — plainly these are to be ignored — just the scale of this list ought to prompt some questions.  
But let’s just say, for the sake of argument, that most do. Now there can be no doubt that the amounts spent in the pursuit and defence and analysis of one’s legal rights and obligations are, to all intents, infinite, but the categories of problem encountered when doing that, that can profitably be solved by [[legaltech]], are not. ''There are only so many uses you can put technology to''. Do not confuse value of spend and things to spend it on. They are very different.
 
Even leaving aside the [[JC]]”s usual perorations about scale and [[rent-extraction threshold]]s — plainly these are to be ignored — just the length of this list ought to prompt some questions.
 
There are ''billions'' of users of word processing software. There are, to all intents, two word-processing applications in the world, and one of them is freeware. This is something that makers of contract automation software might reflect upon.
 
It strikes me there are two explanations for this rich microcosm. One is that it is right and overdue for consolidation. If the founders of 15 basically interchangeable contract automation tools were to swallow their pride and amalgamate, pooling resources, expertise and clients, then a a apex predator might emerge to sort out this baffling landscape. One or two more sophisticated vendors are already doing that. The other is that there is a reason for for the the variety. As we have posted elsewhere [[tedium is particular, not generic]]. Perhaps these firms owe their continued survival to the single, unique problem they solve for each of their clients. It stands to reason that you orient your product and develop it according to the expectations of your anchor client.  This same reason may be the barrier to acquiring that second client whose user proposition does not quite match.
 
But does this not, in itself ask difficult questions about the the real promise of [[legaltech]]? How do you reconcile an ecosystem brimming with solutions so wooden, inflexible and difficult to iterate with the breathless promise of artificial intelligence?
 
Either there is a winner, and it will be an order of magnitude better than the rest, or this is a busted flush, only sustained by the wilful suspension of disbelief that accompanies dying days of a bubble.
 
By the way, for most participants, expect an ice age.
 
Winter is coming.


===These solutions cannot all be different===
===These solutions cannot all be different===

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