Deal Data Demystified: How Litera’s Foundation Dragon Uses AI and Existing Law Firm Data to Arm Lawyers in Contract Negotiations (Haley Altman)
Technically Legal - A Legal Technology and Innovation Podcast
Release Date: 06/06/2024
Technically Legal - A Legal Technology and Innovation Podcast
This episode is a conversation with Spellbook co-founder Scott Stevenson about intersection of technology and creativity. Spellbook is a AI contract co-pilot for transactional lawyers that plugs into Microsoft Word. Despite founding a legal technology company, Scott is not a lawyer but is computer engineer by training. As a kid Scott was into video games and in fourth grade he talked his parents into getting him a computer because he wanted to figure out how to create them. By middle school he was building websites and eventually landed an internship at Electronic Arts. Scott is also...
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A conversation with , an E-Discovery veteran and founder of and . Kelly shares her journey into E-Discovery, stemming from the first-ever ABA event on the topic in the early 2000s, and the rapid evolution of case law and technology that led her to develop E-Discovery Assistant which has now been rebranded Minerva 26. The discussion delves into how Minerva 26, a strategic command center for E-Discovery, curates case law, rules, checklists, and offers on-demand education. Kelly explains the reasoning behind rebranding from "E-Discovery Assistant" to "Minerva 26," emphasizing the shift from data...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
Studies determined that at least one litigant does not have a lawyer in 75% of civil cases in the United States. The number is even higher when it comes to family law, domestic violence, housing, and small claims matters. But organizations like are doing something about it. On this episode, Kamron Graham, the Law Center’s Executive Director, talks about the not for profit law firm’s efforts to provide affordable legal assistance to people that make too much to qualify for legal aid, but don’t make enough to hire a lawyer. The Commons Law Center helps out people facing evictions, have...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
A conversation with , CEO of , a consultancy focused on helping law firms optimize technology investments. Bim shares his experience in the legal tech space, tracing his journey from a technical support role at Elite (later acquired by Thomson Reuters) to leading a consultancy dedicated to improving law firm operations through strategic technology implementation. The discussion covers the critical aspects of data migration, the benefits smaller law firms can derive from technology, key factors for successful software implementation, and perspectives on hyped versus underutilized technologies...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
A conversation with , a partner at , a venture capital firm with growing interest in legal tech companies. Yelena shares her journey from investment banking and entertainment finance to the world of venture capital, highlighting her focus on identifying transformative technologies. The conversation delves into Jump Capital's investment philosophy, particularly their thematic approach and focus on Series A and B funding rounds. Yelena articulates what makes a legal tech company attractive to Jump, emphasizing the importance of demonstrated traction, a strong team dynamic, and a deep...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
, Chief Legal Officer for the , visited the podcast in September to discuss her crypto journey, her role with the organization and its objectives. Since then, she was promoted and is now the Executive Director of DEF which is a nonpartisan research and advocacy group working to explain the benefits of DeFi, achieve regulatory clarity for the future of the global digital economy, and help realize the transformative potential of DeFi for everyone. Amanda goes in depth into the DEF’s areas of focus: Research and Advocacy Policymaker Education Messaging for Crypto Companies ...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
In this episode, author of "" and business systems expert, David Jenyns, discusses the importance of systemizing business processes, even in the nuanced field of law. Jenyns debunks the myth that legal work is too bespoke to be systemized, explaining how just like any other business, documenting legal workflows unlocks scalability and creativity. He shares his journey from digital SEO agency owner to becoming a systems expert and outlines the seven steps of his Systemology framework. Key Topics: The importance of documenting processes in any business, including legal services. How...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
A conversation with Sean Fitzpatrick, CEO of LexisNexis, North America, UK, and Ireland. Fitzpatrick discusses how LexisNexis is integrating AI into its products to enhance legal practice. The discussion covers the company's approach to innovation, the role of AI in improving attorney efficiency and client outcomes, and the future of legal technology. Key topics include LexisNexis's AI assistant "Protégé," the company’s philosophy on AI, and the impact of AI on the legal profession. [0:09-1:43] Introduction to Sean Fitzpatrick and LexisNexis's focus on AI in legal tech. [2:05-4:37]...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
A conversation with Jaron Luttich, co-founder of Element Standard, a legal tech startup designed to bring transparency and organization to litigation. Jaron discusses how Element Standard's "CONTROLit" app and litigation cartography help litigators manage cases, improve client communication, and streamline internal processes. He highlights the disconnect between traditional legal practices and modern client expectations for transparency, drawing comparisons to consumer experiences like ride-sharing and package tracking. Jaron also addresses how the litigation management software can enhance...
info_outlineTechnically Legal - A Legal Technology and Innovation Podcast
This episode involves two people with very distinguished careers. who now heads the and , the founder of just acquired by The AAA. Bridget has served in just about every role you can in the legal industry. She started her legal career in legal aid and as a public defender handling trials and appeals. She then moved to teaching law school, first at Yale and then Michigan. After her stint as an educator, she decided she wanted to help foster even more change and won a seat on the Michigan Supreme Court where she ultimately ascended to the position of Chief...
info_outlineLitera’s Haley Altman visits the Technically Legal Podcast to discuss the company’s new software offering: Foundation Dragon–an app powered by artificial intelligence that helps legal professionals advise clients based on market insights drawn from their law firm’s existing data and prior deal points.
This is a repeat appearance for Haley. She was first on the podcast in 2018 to discuss the company she had recently launched called Doxly. Founded in 2016, Doxly is a cloud based app that helps automate processes involved in closing M&A deals. In 2019, Haley sold Doxly to Litera and she too joined Litera and currently serves as a strategic advisor to the company.
One of the initiatives in which Haley is heavily involved is the company's recent launch of an AI product called Foundation Dragon.
Foundation Dragon is an app that connects to a law firm’s document management systems and experience software and once connected, using GenAI, it compiles information from the software and enables lawyers to enter into contract negotiations from a position of strength.
For instance, using Foundation Dragon users can:
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Learn what contractual positions opposing counsel starts with or has agreed to in the past
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Provide industry standards for individual contract clauses; and
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Enable users to find precedents across a law firm to figure out what terms colleagues are using
In addition to Foundation Dragon, Haley also shares insights for startups. Including the importance of understanding the implications of capital raises and the potential impact on future exits.
Learn more about Haley and if you're interested in learning more about Foundation Dragon go here.