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>Feels nothing like the same. The .com bubble was largely companies with no business, unchanged revenue but still having massive swings in price in private and

>Feels nothing like the same. The .com bubble was largely companies with no business, unchanged revenue but still having massive swings in price in private and public markets. I'm an attorney that got pitched the leading legal AI service and it was nothing but junk... so I'm not sure why you think that's different from what's going on right now.

namadaza 1y ago
Was the leading legal AI service Harvey.ai by any chance? I feel like big VC money goes to solving legal analysis, but I'm seeing a lot of wins with document drafting/templating. Briefpoint.ai, casely.ai, eve.legal etc. I work with an attorney who trained his paralegals to use chatgpt + some of these drafting tools, says it's significantly faster than what they could've done previously.
- freejazz 1y ago
  It was Vincent. > I feel like big VC money goes to solving legal analysis, but I'm seeing a lot of wins with document drafting/templating. What do you mean "wins?" Like motions won with AI drafted papers? I'm skeptical. >I work with an attorney who trained his paralegals to use chatgpt + some of these drafting tools, says it's significantly faster than what they could've done previously. I'd be concerned about malpractice, personally. The case reviews I've seen from Vincent (which is ChatGPT + the entire federal docket) are shocking in how facially wrong they can be. It's one thing for an attorney to use ChatGPT when they do know the law and issues (hasn't seemed to help the various different partners getting sanctioned for filing AI drafted briefs) but to leave the filtering to a paralegal? That's insane, imo.
infecto 1y ago
Never heard Vincent to be leading in the legal space but I know vlex is more popular outside of the US so perhaps that’s why. I am not sure why you would think your single anecdote is defensible or evidence to prove much. My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble.
- freejazz 1y ago
  >I am not sure why you would think your single anecdote is defensible or evidence to prove much. Evidence? Prove? What are you talking about. This is just a discussion between people, not some courtroom melodrama you are making it out to be. >My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble. Okay, I could be equally rude to you, but I wont.
  - infecto 1y ago
    I responded in the exact same format as yourself and adding my additional thoughts. If that counts a being rude then were you being rude? I don’t believe in the US market Vincent is considered the best tool. That said I don’t believe a lot of the tools in the legal space that try to do everything are that powerful and the ones on my lens that are going well have focused on specific domains and problems. Even Harvey tried to do too much from the start. As for valuations, when looking at current VC multiples and equity markets, I don’t see the same bubble from a qualitative perspective. Absolutely there is over hype coming from CEOs in public markets but there is a lot of value being driven. I don’t believe the giants are going to do well, maybe the infrastructure plays will but I think we will see a carve out of a new generation of companies driving the change. Unlike ‘99, I am seeing a lot more startups and products with closer to the ground roadmaps to profitability. In 99 so many were running off of hopes and dreams. If you would actually like to converse I would love to see your perspective but if all you can be is mad please please don’t respond. Nobody is having a courtroom drama other than what’s playing out in your head.

namadaza 1y ago

Was the leading legal AI service Harvey.ai by any chance? I feel like big VC money goes to solving legal analysis, but I'm seeing a lot of wins with document drafting/templating. Briefpoint.ai, casely.ai, eve.legal etc. I work with an attorney who trained his paralegals to use chatgpt + some of these drafting tools, says it's significantly faster than what they could've done previously.

freejazz 1y ago
It was Vincent. > I feel like big VC money goes to solving legal analysis, but I'm seeing a lot of wins with document drafting/templating. What do you mean "wins?" Like motions won with AI drafted papers? I'm skeptical. >I work with an attorney who trained his paralegals to use chatgpt + some of these drafting tools, says it's significantly faster than what they could've done previously. I'd be concerned about malpractice, personally. The case reviews I've seen from Vincent (which is ChatGPT + the entire federal docket) are shocking in how facially wrong they can be. It's one thing for an attorney to use ChatGPT when they do know the law and issues (hasn't seemed to help the various different partners getting sanctioned for filing AI drafted briefs) but to leave the filtering to a paralegal? That's insane, imo.

infecto 1y ago

Never heard Vincent to be leading in the legal space but I know vlex is more popular outside of the US so perhaps that’s why. I am not sure why you would think your single anecdote is defensible or evidence to prove much. My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble.

freejazz 1y ago
>I am not sure why you would think your single anecdote is defensible or evidence to prove much. Evidence? Prove? What are you talking about. This is just a discussion between people, not some courtroom melodrama you are making it out to be. >My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble. Okay, I could be equally rude to you, but I wont.
- infecto 1y ago
  I responded in the exact same format as yourself and adding my additional thoughts. If that counts a being rude then were you being rude? I don’t believe in the US market Vincent is considered the best tool. That said I don’t believe a lot of the tools in the legal space that try to do everything are that powerful and the ones on my lens that are going well have focused on specific domains and problems. Even Harvey tried to do too much from the start. As for valuations, when looking at current VC multiples and equity markets, I don’t see the same bubble from a qualitative perspective. Absolutely there is over hype coming from CEOs in public markets but there is a lot of value being driven. I don’t believe the giants are going to do well, maybe the infrastructure plays will but I think we will see a carve out of a new generation of companies driving the change. Unlike ‘99, I am seeing a lot more startups and products with closer to the ground roadmaps to profitability. In 99 so many were running off of hopes and dreams. If you would actually like to converse I would love to see your perspective but if all you can be is mad please please don’t respond. Nobody is having a courtroom drama other than what’s playing out in your head.