Legal
topic on 7 shows · 9 statements across 9 episodes
the Y Combinator Startup Podcast
Latent Space
Lenny's Podcast
the Neon Show
the Official SaaStr Podcast
Top Founders
Big Technology
9 statements about Legal, every show
Abel: Legal is the largest budget line item in enterprise organizations
“Interesting thing about legal. It's the largest budget line item in the enterprise kind of budget, right? Sometimes three to four times other budgets and it's forever. There's always more money for legal.”
Penmetsa: Foundation model labs will not build specialized vertical products
“But do I think they'll build a product for legal that can really work inside, you know, complicated law firms for healthcare, for construction, for automotive? I don't think so.”
O'Driscoll: Healthcare and Legal Were Historically Terrible Software Markets
“The existing markets are getting bigger, and AI is also coming to new markets like healthcare and legal, which, let's be frank, were terrible markets for software before this.”
Malde: In legal AI, getting 80% of the way there is zero
“For a field like legal, like getting 80% of the way there is the same thing as zero.”
Legal Industry Disruption Previews AI Swallowing All Professional Services
“Ultimately, I think legal is a precursor to AI swallowing professional services as an industry, and it's a bumpy road, but you know, lawyers do their homework, and I think that they'll net out looking pretty smart for doing so.”
AI tools will blur lines across legal, risk, engineering, and design
“And I think that speaks to how these roles are going to evolve in the future. The lines are going to be blurred between whether you're in legal or in risk or in engineering and design even.”
Dave Lieb says AI adoption in legal and finance will become default
“And I think we're now getting to the point in legal, in finance, and all these other areas where it's become a competitive disadvantage if you don't embrace it. So I think it will become default.”
Stodgy Industries Like Healthcare and Legal Will Yield Earliest AI Returns
“Legal, healthcare, life sciences, clinical trials, drug discovery, all these areas where financial services, insurance, Like, the oldest, stodgiest industries that you can imagine. They've got so much natural language. It's such a large opportunity. I think th…”
Legal tech companies can achieve near-zero churn by understanding the vertical
“No, one of the great, one of the things that's really nice about legal is if you do a good job of taking care of your customers, you can have an extremely low churn rate in this market. It's a very interesting vertical because companies coming from outside who…”