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> a better strategy would have been supplying tools and software to lawfirms, tools and software for patent law are abundant and low value. you can't just say
by spamcast 7y ago
> a better strategy would have been supplying tools and software to lawfirms,
tools and software for patent law are abundant and low value. you can't just say "tools and software for [INDUSTRY]" and assume a business model exists there. you need some insight into how firms operate.
> aggregating data and knowhow
law firms are not going to give a startup access to client data. especially in any format that could be aggregated. 0% chance. confidentiality, privilege, and patentability, are essential. it goes against our business model and professional obligations.
> and then pivoting to an “automated” law firm as a service.
the portion that could be automated is 10% of the value. experience, both with the practice area and the client's industry, are 90% of the value.
think of stackoverflow, yes an applicable code snippet exists on there, but understanding how it works, what its going to do, and the larger implications is the valuable bit. you can't automate that.