Future Contracts Ep 1: The Future of Contracts Starts Here
Jun 24, 2025
Preston Clark, CEO of SimpleDocs and President of Law Insider, delves into the evolving intersection of law and technology. He discusses the need for standardization in legal practices and how AI is transforming contract workflows. The conversation reveals insights on the challenges of achieving product market fit in legal tech and the shift towards embracing innovative tools. Clark also highlights the importance of adapting legal education to prepare for future demands as automation reshapes contract processes and the role of legal professionals.
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Origin Story of Law Insider
- Preston Clark noticed the Law Insider idea while analyzing Rocket Lawyer's growth and a marketing partner's website indexing contracts.
- He realized lawyers often search Google for clauses and that sharing contract samples could build a valuable, engaged global audience.
Legal AI Adoption Growing Fast
- Legal AI adoption is growing as category awareness rises and skepticism decreases.
- Most customers are first-time buyers of AI legal tech, excited by its promise despite past failures by others.
Agentic AI for Legal Teams
- AI will drive agentic legal teams where bots handle workflows and lawyers oversee outcomes.
- This will eliminate last-minute legal bottlenecks and speed contract execution significantly.