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> 60 year old partner who still makes hand edits and has the Secretary scan the pages and send them out of order to the associate We've designed our product to
by jpbryan 2y ago
> 60 year old partner who still makes hand edits and has the Secretary scan the pages and send them out of order to the associate
We've designed our product to be backwards compatible with existing workflows. It does not require every team member to use the product to add value. Partners who prefer their way of doing things can continue to do so allowing associates to add their drafts to Version Story to create redlines and consolidate changes.
>specialists edits get rejected because they don’t know the deal points and are just swooping in
The possibility of incorrectly rejecting specialists edits exists with or without Version Story. Our product makes it easier to understand what's changed so lawyers can exercise their judgement about these decisions.
> Third big flaw in the product: big law firms are the least innovative organizations on earth
I think this assumption is worth challenging. Millennials are becoming partners at law firms and are spearheading initiatives to update their tech stacks. This is reflected in legal tech budget growth trends (https://www.legalcurrent.com/tech-spending-remains-especially-hot-reactions-to-the-thomson-reuters-q1-2024-law-firm-financial-index/ https://www.legalcurrent.com/tech-spending-remains-especiall...).
> Fourth big flaw in the product: having junior associates do menial tasks at $800-950/hr is a feature, not a bug, of law firm business model. So you are solving for something that the target customer doesn’t necessarily want solved.
Making mistakes is not a feature (https://newsletterhunt.com/emails/40489 https://newsletterhunt.com/emails/40489). In the example I outline in the essay, the lawyer made three separate mistakes when manually merging documents.
- 1-more 2y agoI really hope you're right because I am 1000000% rooting for you. You just need two counterparties (could be two people in the same firm in the same practice!!) to use it to get some value somewhere in the whole process. As a humble software optimist, I believe there's room for this. I told him his critiques also apply to typewriters -> any old word processor -> MS Word, or fax -> email and those still happened so don't go taking an overpaid millenial's skepticism as normative for the whole thing. If Graeber taught me anything, it's that work is a gas and efficiency will not make the firms bill less.
- kevin-oconnell 2y agoThanks for the encouragement! We actually went a step further and designed it to provide value if only one person is using it. To your point, getting two counterparties to use it turbocharges the value and creates network effects.
- abrarski 2y agoYou guys are approaching things 100% backwards. Steve Jobs didn't ask people on the sidewalk what they wanted! He just gave them an iPhone.