The legal industry is on the verge of a major transition where lawyers will increasingly use AI to enhance access to justice, despite existing regulatory challenges.

With the advancements in AI, we created an assistant that enables lawyers to delegate complex legal tasks efficiently, significantly speeding up their workflow.

The integration of AI tools into various industries, including law and finance, is becoming essential for competitiveness, as companies are increasingly expected to leverage AI to enhance their operations.

The role of lawyers is evolving back to being advisers, focusing on strategic work rather than just low-end tasks that can be automated.

The legal industry is particularly suited for AI because the value of each token in legal documents is high, making the efficiency of AI applications extremely valuable. If you focus on building a specific workflow, the value can be very high, but if it doesn't sell, you're in trouble.

We initially focused on large law firms, but learned that not all firms are ready to adopt new technology quickly, leading us to pivot towards smaller firms that found significant value in AI.

A successful demo can compress several days of legal work into minutes, illustrating how AI can significantly enhance a lawyer's efficiency.

The launch of Co-Counsel led to overwhelming demand, with our servers going down and an inability to hire support and sales staff quickly enough, which is a sign of real product-market fit. We built an AI Legal Assistant that acts like a new member of the law firm, capable of reading millions of documents and summarizing findings, which significantly extends the workforce of law firms.

Transforming raw AI models into usable products for lawyers involves significant work, including filtering relevant documents from vast amounts of data.