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This is awesome and I'm really happy to see venture dollars being spent on the legal industry. One of my gripes has always been that quality legal is traditiona
by neom 9y ago
This is awesome and I'm really happy to see venture dollars being spent on the legal industry. One of my gripes has always been that quality legal is traditionally expensive to obtain because the "quality" part in legal work tends to come from literally practicing law for a long time and knowledge about many things quite deeply. Over time law firms obviously grow in standing and therefore size, increasing costs. This can easily leave a huge part of society under-served. In theory, much of the cost is research by humans, and I presume research by humans garnering key insights could be done somewhat algorithmically by scanning case law for key points. I hope we see more and more automation and ML services applied to the industry of providing council around aspects of the law.
- PatentTroll 9y agoI don't think much legal cost is in research, industry-wide. Most lawyers specialize in one niche and already know all the relevant big cases in their field. More nuanced research isn't all that time consuming really. And a whole big swath of legal work has absolutely nothing to do with researching law, there's a lot more to it. And a huge part of society doesn't need super-experienced lawyers. The under served market needs warm bodies who are qualified to represent clients at some state bar who are willing to work for peanuts. Like, just someone to sit there in a suit and look menacing would help out most of the 'under served.' Large student loans require law school grads to seek the highest paying work possible, thought, so lawyers can't represent poor people.
- neom 9y agoThen why does Cooley or WSGR employe near 1,000 lawyers?