Everything Karl Seelbach said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Seelbach: Skribe is 60% to 70% cheaper than traditional court reporting
“It's an alternative to old-fashioned court reporting. It's about 60 to 70% less expensive.”
Seelbach: AI will disrupt how attorneys bill for their time
“AI is going to ultimately disrupt how attorneys bill for their time because AI is going to be that powerful in the years to come, and I think that's true”
Seelbach: Traditional depositions cost roughly $1,000 per hour with agency markups
“And so the cost to take a deposition the way I just described is about a thousand dollars an hour by the time you pay all of those people. The sonographer, the videographer, they're sent to the job by a court reporting agency, which is a middleman, so they're …”
Seelbach: Traditional deposition transcripts take three to four weeks without expedite fees
“Unless I wanted to pay double or triple, I wouldn't expect to get a copy of the transcript and the video until three to four weeks later.”
Seelbach: Deposition speed drives law firm case turnover like inventory
“I think more than impacting the outcome, it impacts the ability of a law firm to turn over its cases. So if you think about cases like inventory, the less delays you have baked into the system, the faster you can turn those cases.”
Seelbach: Shifting depositions to Zoom did not reduce traditional deposition costs
“So what should have driven cost down actually ended up Either no drop in price or the cost actually went up to take a deposition.”
Seelbach: Next-generation attorneys will conduct almost all depositions via software
“I believe the next generation of attorneys is fully primed to do almost all of their depositions in a software powered solution.”
Seelbach: Legal tech is attractive because attorneys rarely switch software
“Legal tech certainly has fallen behind some of the other big verticals, insure tech, the medical field, and I think people are now beginning to realize that legal tech is extremely attractive, and one of the things that's so attractive about it is attorneys fi…”
Seelbach: Non-stenographic software depositions are permissible in almost all states
“This is permissible in almost every state. There are a Two or three states where it's not. I think the stenographer lobbyists got ahold of the legislature in those states, but in most jurisdictions, it's, it is permissible.”
Seelbach: Over 90% of depositions were on Zoom from 2020 to 2022
“Over that two-year period, 20, 20 through 20, 22, the vast majority, I would dare say almost a hundred percent, 90 plus percent of depositions took place in Zoom rooms”
Seelbach: Stenographers will remain in high demand for years
“Stenographers are going to be in high demand for the years to come.”
Seelbach: Litigation is rising while new stenographer numbers drop substantially
“The problem is the number of claims, the number of litigated cases is on the rise. The number of new stenographers has dropped substantially, and a lot of them are ending or they're entering the retirement phase of their careers.”
Seelbach: Skribe Converted 30 of First 100 User Interviews Into Angel Investors
“So we actually ended up converting in the first, I'd say, hundred calls 30 of those attorneys invested, and we weren't, and it wasn't, the purpose of the call wasn't investment. They just asked, hey, are you taking on investors? And ultimately, those, what wer…”
Seelbach: Skribe plans to raise Series A in first half of 2025
“What we're looking for in investment companies, particularly in VCs, is we close out the seed round and we transition to a series A the first half of next year, I think is an investment firm with a legal tech thesis or that is interested in legal tech.”
Seelbach: Skribe does not use generative AI to create transcripts
“We don't use generative AI to create the transcript”
Seelbach: Under 10% of attorneys in presentation used AI in their firm
“Last time I gave that type of presentation, I was amazed at how few hands went up when I asked how many attorneys are using Scribe, not scribe, but using AI in their firm currently, and it was less than 10%.”