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Legaltech startup conference: Difference between revisions
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===Lawtech doesn’t scale=== | ===Lawtech doesn’t scale=== | ||
The other view is pessimistic: there is a reason for for | The other view is pessimistic: there is a reason for for all the variety. ''These solutions don’t scale''. As we like to say, [[tedium is particular, not generic|''tedium is particular, not generic'']]. | ||
And, also, consider two very well-funded, sophisticated market participants who are ''perfectly positioned'' clean up in this sector, but who, despite twenty years of opportunity, haven’t: Microsoft and Google. You have to wonder whether they know something these three hundred [[legaltech]] gurus don’t. Fools rush in where angels fear to tread. | And, also, consider two very well-funded, sophisticated market participants who are ''perfectly positioned'' clean up in this sector, but who, despite twenty years of opportunity, haven’t: Microsoft and Google. You have to wonder whether they know something these three hundred [[legaltech]] gurus don’t. Fools rush in where angels fear to tread. | ||
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But does this not, in itself ask difficult questions about the the real promise of [[legaltech]]? Does this not give the lie to how clever this technology really is? How do you reconcile an ecosystem brimming with solutions so wooden and inflexible that they can’t easily iterate, with the breathless promise of [[artificial intelligence]]? | But does this not, in itself ask difficult questions about the the real promise of [[legaltech]]? Does this not give the lie to how clever this technology really is? How do you reconcile an ecosystem brimming with solutions so wooden and inflexible that they can’t easily 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. Either way, most | 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. Either way, most [[vendor]]<nowiki/>s should brace for an ice age. Winter is coming. | ||
===On “niche” versus “enterprise”=== | ===On “niche” versus “enterprise” and the meatware vs. hardware wager=== | ||
“Niche vs. enterprise” is an interesting prism to view the market. If legaltech really is niche, it ''doesn’t'' scale. It is too fiddly, too context dependent, too hard to adapt to adjacent opportunities. But the whole premise of lawtech, remember, is that it ''does'' scale. That is can do exactly that: adjust, magically, to unexpected adjacencies; to handle things it has never seen before; that, free of our mortal frames it can pull off manoeuvres of which even a grand master could not dream. This is brave talk, of course. [[Legaltech]] is the wager that that will happen. [[Meatware]] — an investment in our learned friends, the legal eagles — is the bet that it ''won’t'': that legaltech does not, ultimately, scale: that, when all said and done, it will turn out to be more like a conjuring trick. | “Niche vs. enterprise” is an interesting prism to view the market. If [[legaltech]] really is niche, it ''doesn’t'' scale. It is too fiddly, too context dependent, too hard to adapt to adjacent opportunities. But the whole premise of lawtech, remember, is that it ''does'' scale. That is can do exactly that: adjust, magically, to unexpected adjacencies; to handle things it has never seen before; that, free of our mortal frames it can pull off manoeuvres of which even a grand master could not dream. This is brave talk, of course. | ||
[[Legaltech]] is the wager that that will happen. [[Meatware]] — an investment in our learned friends, the legal eagles — is the bet that it ''won’t'': that [[legaltech]] does not, ultimately, scale: that, when all said and done, it will turn out to be more like a conjuring trick. | |||
Legaltech does not (yet) scale. There are lots of underwhelming, poorly conceptualised offerings, all obliged to extract outrageous rent — see below — ''because'' they don’t scale. So ''can'' legaltech scale? The best answers currently go the other way: [[OneNDA]], for example, looks to genericise a legal process so it doesn’t need sophisticated [[legaltech]]: enterprise tech will work on it. But, simplifying is hard: it takes deep expertise, risk-awareness, a sense for psychology and market experience. The [[legal eagle]] [[paradox]]: the more expertise and experience you have the less inclined you are to simplify. ''Mastery of the ineffable is your unique selling point''. | Legaltech does not (yet) scale. There are lots of underwhelming, poorly conceptualised offerings, all obliged to extract outrageous rent — see below — ''because'' they don’t scale. So ''can'' legaltech scale? The best answers currently go the other way: [[OneNDA]], for example, looks to genericise a legal process so it doesn’t need sophisticated [[legaltech]]: enterprise tech will work on it. But, simplifying is hard: it takes deep expertise, risk-awareness, a sense for psychology and market experience. The [[legal eagle]] [[paradox]]: the more expertise and experience you have the less inclined you are to simplify. ''Mastery of the ineffable is your unique selling point''. | ||
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But there is, too, the legaltech paradox: just as the [[meatware]] is disinclined to simplify, ''so is legaltech''. Of the 277 offerings below, how many dedicate their machine learning, NLP, neural networks and artificial intelligence to ''making law simple''? | But there is, too, the legaltech paradox: just as the [[meatware]] is disinclined to simplify, ''so is legaltech''. Of the 277 offerings below, how many dedicate their machine learning, NLP, neural networks and artificial intelligence to ''making law simple''? | ||
=== On inhouse versus private practice === | === On inhouse versus private practice=== | ||
One last go round: the dynamics play differently in private practice to how they do inhouse.<ref>I owe this observation to Jared T Nelson (@jaredtnelson).</ref> Niche legal tech ''could'' survive behind the wall in private practice: the incentives are different, productivity tools are directly generative of revenue, and there is thus, appetite for the ongoing payment of rent. But this is an unambitious articulation of legaltech, not as some kind of replacement for the meatware, but dumb machinery to be used by it in the service of what the meatware has always done: ineffably mastering the ineffable. | One last go round: the dynamics play differently in private practice to how they do inhouse.<ref>I owe this observation to Jared T Nelson (@jaredtnelson).</ref> Niche legal tech ''could'' survive behind the wall in private practice: the incentives are different, productivity tools are directly generative of revenue, and there is thus, appetite for the ongoing payment of rent. But this is an unambitious articulation of legaltech, not as some kind of replacement for the meatware, but dumb machinery to be used by it in the service of what the meatware has always done: ineffably mastering the ineffable. | ||
===These solutions cannot all be different=== | ===These solutions cannot all be different=== | ||
Many of these startups have had, more or less, the same idea. Most have a variation on one of about five ideas. Each of these ideas is, in the abstract, a sound idea. But it is not enough for your idea to be sound, if a lot of other people have had the same idea. And if for every tech entrepreneur who has had a bright idea, there are | Many of these startups have had, more or less, the same idea. Most have a variation on one of about five ideas. Each of these ideas is, in the abstract, a sound idea. But it is not enough for your idea to be sound, if a lot of other people have had the same idea. And if, for every [[Legal tech entrepreneur|tech entrepreneur]] who has had a bright idea, there are others who have ''also'' had that idea, but just not acted upon it — possibly on the pretext that, while it is a good idea, it is also an obvious one, people all over the world have been having it for years, and it would be hard to monetise — | ||
*Abogadea <br> | *Abogadea <br> | ||
*Access Solicitor <br> | *Access Solicitor <br> | ||
*AdaptingLegal <br> | *AdaptingLegal <br> | ||
*Addalia <br> | *Addalia <br> | ||
* Ageras <br> | *Ageras <br> | ||
* AgileCase <br> | *AgileCase <br> | ||
*Aivan <br> | *Aivan <br> | ||
*Alacrity Law Limited <br> | *Alacrity Law Limited <br> | ||
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*Alyne <br> | *Alyne <br> | ||
*amicable <br> | *amicable <br> | ||
*Amiqus <br> | * Amiqus <br> | ||
*Annotate <br> | *Annotate <br> | ||
*Apperio <br> | *Apperio <br> | ||
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*BlockchainyourIP <br> | *BlockchainyourIP <br> | ||
*Bounsel <br> | *Bounsel <br> | ||
*Briefed <br> | * Briefed <br> | ||
*BusyLamp <br> | *BusyLamp <br> | ||
*Call A Lawyer <br> | *Call A Lawyer <br> | ||
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*Case Crunch <br> | *Case Crunch <br> | ||
*Case Law Analytics <br> | *Case Law Analytics <br> | ||
*Casedo <br> | * Casedo <br> | ||
*CaseHub <br> | *CaseHub <br> | ||
*CE Check <br> | *CE Check <br> | ||
*Certifydoc <br> | *Certifydoc <br> | ||
* Claim It <br> | * Claim It <br> | ||
* Clara <br> | *Clara <br> | ||
*Clause <br> | *Clause <br> | ||
*ClauseBase <br> | *ClauseBase <br> | ||
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*DinArv <br> | *DinArv <br> | ||
*Dine Arvinger <br> | *Dine Arvinger <br> | ||
*Doc2 <br> | * Doc2 <br> | ||
*DocGovern <br> | *DocGovern <br> | ||
*Doctrine <br> | *Doctrine <br> | ||
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*eEvidence <br> | *eEvidence <br> | ||
*eGarante <br> | *eGarante <br> | ||
*eJust <br> | * eJust <br> | ||
*elAbogado <br> | *elAbogado <br> | ||
*Enforcd <br> | *Enforcd <br> | ||
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*Enoron <br> | *Enoron <br> | ||
*Exizent <br> | *Exizent <br> | ||
* eXperYenz <br> | *eXperYenz <br> | ||
*F-LEX <br> | * F-LEX <br> | ||
* Farewill <br> | *Farewill <br> | ||
*find my Notary <br> | *find my Notary <br> | ||
*Find Others <br> | *Find Others <br> | ||
*Fintact <br> | *Fintact <br> | ||
*FlexeBoss <br> | * FlexeBoss <br> | ||
*Fliplet <br> | *Fliplet <br> | ||
*Forum Jurisprudence <br> | *Forum Jurisprudence <br> | ||
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*Genie AI <br> | *Genie AI <br> | ||
*GOlegal <br> | *GOlegal <br> | ||
*Green Meadow <br> | * Green Meadow <br> | ||
*Happy Resolution <br> | *Happy Resolution <br> | ||
*Hoowla <br> | *Hoowla <br> | ||
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*inCase <br> | *inCase <br> | ||
*incaseof.law <br> | *incaseof.law <br> | ||
*Inddubio <br> | * Inddubio <br> | ||
*Indemniflight <br> | *Indemniflight <br> | ||
* Indemniza.Me <br> | *Indemniza.Me <br> | ||
*Indio <br> | *Indio <br> | ||
*InsiderLog <br> | *InsiderLog <br> | ||
* Intelllex <br> | *Intelllex <br> | ||
*InTouch <br> | *InTouch <br> | ||
*iubel <br> | *iubel <br> | ||
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*Kudocs <br> | *Kudocs <br> | ||
*La Fabrique Juridique <br> | *La Fabrique Juridique <br> | ||
*Lakivälitys <br> | * Lakivälitys <br> | ||
*Law Tech Factory <br> | *Law Tech Factory <br> | ||
*Lawbite <br> | * Lawbite <br> | ||
*Lawers <br> | * Lawers <br> | ||
*LawPanel <br> | *LawPanel <br> | ||
*LawXero <br> | *LawXero <br> | ||
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*LegalDutch <br> | *LegalDutch <br> | ||
*Legalesign <br> | *Legalesign <br> | ||
* LegaleXe <br> | *LegaleXe <br> | ||
*LegalHero <br> | *LegalHero <br> | ||
*Legaline <br> | *Legaline <br> | ||
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*Legatics <br> | *Legatics <br> | ||
*Legito <br> | *Legito <br> | ||
* Legly <br> | *Legly <br> | ||
*LEX superior <br> | *LEX superior <br> | ||
*LexDigo <br> | * LexDigo <br> | ||
*LexGo App <br> | *LexGo App <br> | ||
*LexIQ <br> | *LexIQ <br> | ||
| Line 215: | Line 217: | ||
*LexSnap <br> | *LexSnap <br> | ||
*LexStep <br> | *LexStep <br> | ||
*Libryo <br> | * Libryo <br> | ||
*Ligabis <br> | *Ligabis <br> | ||
*Linkilaw <br> | *Linkilaw <br> | ||
*Listened.to <br> | *Listened.to <br> | ||
* Logical Construct <br> | *Logical Construct <br> | ||
*Made in law <br> | *Made in law <br> | ||
*MaitreData <br> | * MaitreData <br> | ||
*Majoto Lab Limited <br> | *Majoto Lab Limited <br> | ||
*MaNewCo <br> | *MaNewCo <br> | ||
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*Milcontratos <br> | *Milcontratos <br> | ||
*Mon-avocat <br> | *Mon-avocat <br> | ||
* Monax <br> | *Monax <br> | ||
*myBarrister <br> | *myBarrister <br> | ||
* MyDocSafe <br> | *MyDocSafe <br> | ||
*MyLegalAdviser <br> | *MyLegalAdviser <br> | ||
*MyNotary <br> | *MyNotary <br> | ||
*Nalytics <br> | *Nalytics <br> | ||
*Nemo Jus <br> | * Nemo Jus <br> | ||
*nubbius <br> | *nubbius <br> | ||
*Oasi - Online Arbitration & Settlement Institute <br> | *Oasi - Online Arbitration & Settlement Institute <br> | ||
| Line 242: | Line 244: | ||
*Oneflow <br> | *Oneflow <br> | ||
*Online Lawyers <br> | *Online Lawyers <br> | ||
*online solution attorney <br> | * online solution attorney <br> | ||
*Onna Technologies <br> | *Onna Technologies <br> | ||
*Oratto <br> | *Oratto <br> | ||
| Line 258: | Line 260: | ||
*ProAnnexUs <br> | *ProAnnexUs <br> | ||
*ProFinda <br> | *ProFinda <br> | ||
*PUNTO NEUTRO <br> | * PUNTO NEUTRO <br> | ||
*PymeLegal <br> | *PymeLegal <br> | ||
* PythAgoria <br> | *PythAgoria <br> | ||
*Quarande <br> | *Quarande <br> | ||
* Reclamador <br> | *Reclamador <br> | ||
*ReviewSolicitors <br> | *ReviewSolicitors <br> | ||
*RFRNZ <br> | *RFRNZ <br> | ||
| Line 271: | Line 273: | ||
*Scribestar <br> | *Scribestar <br> | ||
*Scrive <br> | *Scrive <br> | ||
* Seers Group <br> | *Seers Group <br> | ||
*Sharedo <br> | *Sharedo <br> | ||
* Sibyl <br> | *Sibyl <br> | ||
*Signaturit <br> | *Signaturit <br> | ||
*SignRequest <br> | *SignRequest <br> | ||
*singlerulebook.com <br> | *singlerulebook.com <br> | ||
* Sket.io <br> | *Sket.io <br> | ||
*SnapDragon <br> | *SnapDragon <br> | ||
*SoftLaw <br> | *SoftLaw <br> | ||
| Line 287: | Line 289: | ||
* StructureFlow <br> | * StructureFlow <br> | ||
*Summize <br> | *Summize <br> | ||
* synergist.io <br> | *synergist.io <br> | ||
*Tabled <br> | *Tabled <br> | ||
*TagDox <br> | *TagDox <br> | ||
| Line 309: | Line 311: | ||
*TrademarkNow <br> | *TrademarkNow <br> | ||
*Trakti <br> | *Trakti <br> | ||
* TripleCheck <br> | *TripleCheck <br> | ||
*tuAppbogado <br> | *tuAppbogado <br> | ||
*UNAES <br> | *UNAES <br> | ||
| Line 315: | Line 317: | ||
*Vable <br> | *Vable <br> | ||
*Validated ID <br> | *Validated ID <br> | ||
*Vaxes <br> | * Vaxes <br> | ||
*VENNCOMM <br> | * VENNCOMM <br> | ||
*Vizlegal <br> | * Vizlegal <br> | ||
*Votre Robin <br> | *Votre Robin <br> | ||
*VQ Legal <br> | *VQ Legal <br> | ||
* Waymark Tech <br> | *Waymark Tech <br> | ||
*welegal.es <br> | *welegal.es <br> | ||
* WillSuite <br> | *WillSuite <br> | ||
* Winu <br> | *Winu <br> | ||
*XBundle <br> | *XBundle <br> | ||
*ZYNYO <br> | *ZYNYO <br> | ||
| Line 329: | Line 331: | ||
{{ref}} | {{ref}} | ||
<references /> | |||