Episode 60 of the Legal Tech StartUp Focus Podcast - An Interview with Chris Cartrett, CEO of Aderant
Legal Tech StartUp Focus Podcast
Release Date: 07/12/2024
Legal Tech StartUp Focus Podcast
After Charlie introduces Mike and congratulates him on the recent Time of London article about Contend, Charlie and Mike discuss: Just what it is that Contend (at https://contend.legal) does to provide safe, accessible, and affordable information for "regular people" when those people confront a legal issue (principally, providing both signposts to information resources (often secondary sources aimed at non-professionals) and connecting people to legal professionals and other organizations that can provide additional help) Why Contend at present operates only in England and Wales (primarily...
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In this podcast episode, Chris and your podcast host, Charlie Uniman, discuss: What Aderant’s () software offers its large law firm customers generally and, most significantly, how Aderant’s new offering, 'Stridyn,' brings a real platform technology to Aderant’s suite of practice management and related tools. The Stridyn technology enables Aderant’s customers to integrate all Aderant tooling and third-party software seamlessly. How Aderant is bringing GenAI’s natural language processing features (and other machine learning architectures) to Aderant’s software suite,...
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Podcast host, Charlie Uniman, and Jim cover the following in this episode: How Jim’s undergrad major in computer science and his graduation from law school took him from his first job as a lawyer doing document review to working for over a decade in e-discovery. Eventually leaving e-discovery work to found his own company offering services outside the legal tech field, Jim nonetheless kept track of the immense benefits accruing to document review from the use of NLP and, eventually, GenAI solutions. Jim realized how these GenAI-driven solutions could...
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Your podcast host, Charlie Uniman, and Peter discuss: Peter’s professional background and his founding of Titans () and the creation of the Legal Tech Trends newsletter () Adoption trends, including the factors promoting (or hindering) legal tech adoption by large law firms Where large law firms are when it comes to the GenAI “hype cycle” Peter’s most contrarian view on legal tech What are the biggest mistakes (“own goals”) or oversights that legal tech vendors suffer from Peter’s (surprising views) as to what the blue ocean spaces are in the legal tech competitive landscape
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Tanguy's and Mike's Respective Backgrounds and Path into Legal Tech: Tanguy is an engineer with advanced degrees (including an MBA) from MIT and experience in venture capital, notably early-stage investing in legal tech startups (one of such startups being Ironclad) Mike has a background that includes working at the Federal Reserve, McKinsey, and co-founding a company that applied AI in the insurance space. Mike’s experience with AI and legal/regulatory challenges contributed to starting Paxton. Paxton's Recent Award: Celebrated being one of the winners at the 2024 ABA Tech Show Startup...
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In this podcast episode, Jackie shares her personal journey from working as a lawyer to founding Clearbrief, an AI-powered litigation analysis tool that integrates with Microsoft Word to assist with research, citations, and document management. Jackie and Charlie discuss the challenges women founders face in getting venture capital attention and support, even when their offerings are high quality. Jackie spoke about the importance of women legal tech startup leaders speaking confidently about their product and its market prospects (especially when, as was the case with Jackie’s own early...
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In this episode, your podcast host, Charlie Uniman, and Dan Broderick discuss: How Dan started BlackBoiler after practicing law for 7 years, having gotten the idea for Blackboiler while reviewing large numbers of contracts for a client and realizing how much of the work could be automated. BlackBoiler’s focus on automating high-volume contract review and markup during the negotiation phase, with BlackBoiler using machine learning AI to learn from historical edits and rule sets in order to suggest edits in tracked changes. BlackBoiler’s target market consists principally of corporate legal...
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· Otto is CEO of TermScout, which provides data and analytics on market terms in contracts to reduce friction in negotiations. · Otto was motivated to start TermScout after seeing startups overpay for legal services due to a lack of data on market terms. · TermScout uses AI and human review to analyze contracts and provide market data on common clauses. · TermScout's offering helps lawyers know what's "market" to resolve disputes over contract terms. TermScout's customers are both the contracting parties and their legal teams. · TermScout also offers...
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Mat Kerbis founded Subscription Attorney LLC to offer legal services through recurring monthly fees rather than hourly billing; in that way better aligning incentives between lawyer and client. Going solo allowed Mat the freedom to innovate with new billing models, which is harder at larger firms wedded to the billable hour. The subscription model expands affordable access to legal help, helping close the "justice gap." Mat leverages legal tech and other automation strategies to work efficiently and keep costs low as a virtual...
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Podcast host, Charlie Uniman, and Steve Fretzin discuss: Lawyers need training in business development and client relations, which is not taught in law school. Technology can help lawyers be more efficient, so they have time for business development. Social media is a great marketing equalizer that allows individual lawyers, as well as small-to-medium-sized firms, to build their brand and get their voice out, social media's certainly not just for big firms. Automating scheduling, email outreach, and content creation through technology frees up lawyer time and builds...
info_outlineIn this podcast episode, Chris and your podcast host, Charlie Uniman, discuss:
What Aderant’s (https://www.aderant.com) software offers its large law firm customers generally and, most significantly, how Aderant’s new offering, 'Stridyn,' brings a real platform technology to Aderant’s suite of practice management and related tools. The Stridyn technology enables Aderant’s customers to integrate all Aderant tooling and third-party software seamlessly.
How Aderant is bringing GenAI’s natural language processing features (and other machine learning architectures) to Aderant’s software suite, especially with Aderant’s MADDI “legal assistant.” This innovative feature has the power to significantly reduce the time spent on routine tasks, allowing legal professionals to focus on more strategic and value-adding activities.
How to understand the true meaning of 'cloud-first' and 'cloud-only' in legal tech use for law firms. Chris also explains how a legal tech vendor’s robust security and privacy features are not just crucial, but non-negotiable for encouraging the adoption of cloud-based software by legal tech customers, ensuring their data is always safe and protected.
Chris shares valuable insights for legal tech startup leaders on the subject of legal tech software pricing. He emphasizes that a 'value-based, ear-to-the-market' driven pricing strategy is key to gaining market share. He cautions against the risky path of bottom-up cost-plus pricing, advocating for a pricing approach that aligns with the value the product brings to the market.