due diligence

“You realize like, holy shit, this is transformational. It's taking tasks, which used to be, you know, days or hours and it's turning them into minutes.”

“And it, and it's also not a race to the bottom in terms of pricing. Because if you pull down, let's say the cost of a due diligence, you free up more time to spend with a board on advising them on, you know, a really complex merger or a really complex acquisit…”

“A lot of legal work is low differentiation. You know, if you're doing a DD from, you know, law firm X or law firm Y, kind of getting the same deal. And so when you have this perfect Equilibrium of services and somebody disrupts that by taking a new approach. C…”

“And now it's becoming almost a commodity where you're expected to do it, but clients are also not really that excited to pay for Very simple contract review when they know that AI can do, you know, 99% of it.”