Basha Rubin, CEO and co-founder of Priori Legal, discusses her entrepreneurial journey, the use of technology and data in legal services, and challenges faced by women entrepreneurs. Priori connects in-house teams with skilled attorneys using a data-driven process. They explore Priori's new product, Scout, which aims to diversify legal services and address pain points faced by law firms in identifying suitable lawyers.
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Quick takeaways
Priori Legal uses technology and data to enhance outside counsel hiring decisions in the legal services industry.
Priori Scout improves in-house teams' understanding of external counsel relationships by focusing on diversity and providing granular information on attorneys.
Deep dives
Priori Legal: Transforming Legal Services
Basha Rubin, CEO and co-founder of Priori Legal, shares her journey of founding a legal tech company. She explains that Priori uses technology and data to improve outside counsel hiring decisions in the legal services industry. Rubin discusses the challenges faced by women entrepreneurs in fundraising and provides advice to overcome biases. She highlights the success of Yale Law School graduates in entrepreneurship. The podcast also delves into the business model of Priori, featuring its marketplace that connects in-house teams with vetted legal providers. Additionally, the introduction of Priori Scout is discussed, which offers enhanced insights into law firms' diversity and expertise.
Priori's Unique Marketplace and Vetting Process
Priori Legal's marketplace connects in-house teams with a global network of attorneys. The platform uses a data-driven vetting process, resulting in a 10% admission rate for attorneys. The aim is to enable companies to hire legal services with confidence. Rubin emphasizes the importance of evaluating attorney quality and understanding client preferences. The marketplace caters to Fortune 500 companies, technology firms, and financial institutions, providing them with diverse legal options, reducing costs, and facilitating staff augmentation.
Priori Scout: Enhancing Outside Counsel Selection
Priori Scout, the new offering from Priori Legal, improves in-house teams' understanding of their external counsel relationships. By sharing data on the platform, law firms enhance the process of hiring the right lawyers for specific projects. Scout focuses on diversity, allowing companies to identify diverse attorneys within their firms and have intelligent conversations about staffing matters. The system also boosts efficiency by enabling precise searches and providing granular information on attorneys.
Today’s guest is Basha Rubin, CEO and co-founder of Priori Legal, a global legal marketplace that helps in-house teams find the right legal provider for their next project. She founded Priori with classmate Mirra Levitt immediately upon graduation from Yale Law School, and they never looked back. Last year, Priori raised $6.3 million in Series A financing from leading investors in legal technology, and their growth continues to be fueled by demand resulting from the pandemic.
Listen in to today’s conversation to learn:
- Why Basha chose the path of the entrepreneur instead of practice—and why she chose to found a technology company.
- How Priori uses technology and data to drive better outside counsel hiring decisions in the $800 billion business of legal services.
- The factors driving demand for alternative approaches, such as those offered by Priori and its newest product, Scout.
- The specific questions posed to women entrepreneurs by investors, and Basha’s advice for how to answer them.
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