Welcome to the latest episode of Zach and Richard’s Excellent Legal AI Adventure – where we focus on a range of hot topics, from why the Big Law / legal AI engagement today feels a lot like ‘The Big Short’ (with the NewMods and most progressive AI companies in the role of Michael Burry and allies); to how Jevon’s Paradox doesn’t operate in a vacuum and that countervailing AI forces will eventually come into play; and why curated legal data is a powerful defence against any impending repeat of the Claude Crash. Plus, at least two references to Robert Plant and Led Zeppelin – as well as some levees breaking.
All this and more in the new and deluxe edition of Zach and Richard’s Excellent Legal AI Adventure. Alright, let’s ramble on….!
Overview:
- 00:42 Could Harvey be Valued at $16B?
- 01:50 Legal AI Fatigue
- 03:20 Harvey, Legora and The Big Short?
- 08:46 Legal AI a Luxury Handbag Market?
- 10:31 AI Wizards and Muggles in Big Law
- 13:35 The Seeds of Systemic AI Impact
- 21:36 Valuations Signal Technology is Essential In Legal Service Delivery
- 23:02 Jevon’s Paradox and the Volume of Modern Contracts
- 30:08 AI Still Needs Daycare
- 36:48 New Mod and AI First Firms are Pressuring Big Law
- 44:18 Is the Market Wrong on TR/Lexis
- 49:48 Are Chief AI Officers CINOs Differently Packaged?
Many thanks to Nina and Zach as always!
P.S. for those of you who haven’t read it….here’s the Wikipedia page for ‘The Big Short’.
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Two Major Legal Innovators Conferences this November
Come and join us in New York and London this November at Legal Innovators!
Legal Innovators UK – London, Nov 4 and 5
And, then Legal Innovators New York – Nov 17 and 18.
After another fantastic Legal Innovators California, where we had speakers from OpenAI, Y Combinator, Google, Meta, and many more pioneering organisations; and our stellar inaugural event in Paris this June, we are now looking forward to the landmark conferences in London and New York, both in November, and both across two days: Law Firm Day, and Inhouse Day.
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