“Partners at law firms will charge anywhere from eight 50 to 1600 dollars an hour. And with us, they still get the similar type of quality at 10 dollars an hour in type of cost, which is incredible savings for a similar type of quality, what they could expect from another EM bomber.”
quote is from the automated transcript, cleaned for reading:
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More from Arpan Nanavati
Opinion
Nanavati: AI legal counsel delivers results equal to or better than human lawyers
“With AI, they have the ability to use a high quality AI legal counsel. Which gives them similar to sometimes even better, faster results than they would get from a traditional lawyer.”
Arpan NanavatiMay 30, 2025▶ 3:52Why Founders Stopped Being the Human in the Loop
Insight
Nanavati: Legal AI requires the provider, not the customer, in the loop
“Generally when AI products sell human in the loop, what they're selling is the customer becomes the human in the loop, which is the customer still self-servicing the AI, which may make sense in a lot of, in legal industry, customer generally doesn't know what …”
Arpan NanavatiMay 30, 2025▶ 11:19Why Founders Stopped Being the Human in the Loop
Insight
Nanavati: Data is not a moat in legal AI, execution is
“Within the legal domain data by itself is open source and data in itself doesn't become the model. It's the application of that data set. It's the application of how you tune the models and the fact that you're building a tech layer between the customer and te…”
Arpan NanavatiMay 30, 2025▶ 13:09Why Founders Stopped Being the Human in the Loop
Disclosure
Nanavati: Cimphony considers itself a service company, not a software company
“We're not a software company. We're a service company is what I say.”
Arpan NanavatiMay 30, 2025▶ 25:34Why Founders Stopped Being the Human in the Loop
PredictionNot checkable as stated
Nanavati: Professional services will become highly deflationary and outcome-based
“I think services in general will become highly deflationary, net positive for the end user. Services will become really fast. Business models will be more outcome based business models.”
Arpan NanavatiMay 30, 2025▶ 28:13Why Founders Stopped Being the Human in the Loop
Opinion
Nanavati: Law firms' billable-hour model is ripe for disruption
“The business model of legal services and law firms is based on an hourly model. And it's all about how can you increase the billable hours? Which means you need a very, very fat wallet. You even pay for things like reading an email. Hey, can I get on a call ty…”
Arpan NanavatiMay 30, 2025▶ 4:33Why Founders Stopped Being the Human in the Loop
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