Y Combinator Startup Podcast
AI and the Future of Law: The 10 Year "Overnight" Success Story | Main Function
Dec 28, 2023
Jake Heller, co-founder of Casetext, a groundbreaking legal AI company acquired for $650 million, shares his inspiring journey from a traditional legal career to tech innovation. He discusses the evolution of Casetext from a crowdsourced library to a powerhouse capable of drastically cutting legal work time. Key topics include the transformative role of AI in legal practices, the challenges of tech adoption in law firms, and the strategic pivots leading to their success with the CoCounsel product. Heller emphasizes the urgent opportunities AI presents for startups.
17:29
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Quick takeaways
- Casetext evolved from a crowdsourced law library to an AI-powered platform that revolutionizes the legal profession by reducing weeks of work into minutes.
- The success of Casetext is attributed to the development of their mega product, co-counsel, using large language models like GPT3 and GPT4, showcasing the immense potential of AI in various industries.
Deep dives
Building a Legal Tech Solution
Jake Heller co-founded Case Text, a legal tech company that uses AI to reduce weeks of legal work into minutes. Recognizing the need for technology in the legal profession, Jake embarked on a journey to create a platform that provides lawyers with the best access to modern technology. Case Text started as a crowdsourced case law library and evolved to incorporate early versions of natural language processing. After a decade of iterations and some missteps, they achieved product-market fit with their breakthrough product, co-counsel.
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