How AI-First Moritz Is Taking on Big Law

In this Artificial Lawyer interview, we speak to Moritz co-founder, Pamir Ehsas, whose plan is to take the legal delivery fight to Big Law with a NewMod, AI-first strategy that includes working with dozens of elite lawyers.

We cover:

• How it all got started, (hint: they initially sold AI tools to law firms, but decided that to make a real impact it was better to launch their own legal business.)
• The work they cover, (it’s a lot more than just NDAs…)
• How far up the value curve they want to go, (very high…!)
• How they work with experienced lawyers, (they have hired some directly and also have a bench of others.)
• And how they engage with large corporate clients, (they go into the business and understand their needs.)

To watch the video, please press Play. You can also go direct to the AL TV Channel.

And you may have seen yesterday, Y Combinator-backed Moritz, formerly Arcline, has just raised a $9m Seed round – including investment from founders from Reddit, Dropbox, HuggingFace and many more. So far they have helped over 100 companies close deals worth more than $2.3 billion in aggregate contract value, with an average turnaround of just four hours’ – and that’s just after a few months.

Now the battle really begins.

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AL’s Big Picture Perspective

AL would like to underline why the NewMod approach is so central to our new AI era:

• If human lawyers do all the work it’s hard to operate with a fixed fee.
• If human lawyers do all the work it’s hard to go fast and still get quality.
• If human lawyers do all the work it’s hard to scale quickly.

Placing AI at the heart of the firm, where it handles around 80% of the actual work, but under the close supervision and quality checking of experienced lawyers, means that – for once – you can actually change the game.

And the prices for this approach? A fraction of what Big Law charges.

Plus, Moritz is just one of many other NewMods in the market already – and many more are about to launch. AL knows of four others that are currently assembling their teams – right now.

More about Moritz here.

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Legal Innovators California, the landmark West Coast legal tech event, will take place on June 10 and 11, in the heart of the Bay Area, the home to many of the world’s leading AI businesses – and plenty of legal tech pioneers as well! More information and tickets here.

Express route to your Legal Innovators California June 10th and 11th ticket here.

And,

A Legal Tech Conference For All of Europe – Legal Innovators Europe – Paris – June 24 and 25.

Express route to your ticket here.