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At The TLTF Summit, It Was All About Producing ‘Who Luck’ Come about, To Drive the Future of Legal Tech

Bynewsmagzines

Dec 11, 2023
At The TLTF Summit, It Was All About Making ‘Who Luck’ Happen, To Drive the Future of Legal Tech


There in the bar, it suddenly struck me that I was in a moment that summed up the incredibly essence of what manufactured this conference so distinctive.

It was virtually 11 p.m. on the second night time of the TLTF Summit outdoors Miami. A group of us ended up in the hotel bar, stridently debating whether an alternative enterprise structure, accredited less than Arizona’s liberalized authorized regulatory scheme, could produce lawful services in other states. Those engaged in the debate included a leading authority on Stomach muscles licensing in the U.K., the running director of an Arizona Abdominal muscles legislation business, a veteran authorized tech executive and imagined leader, and the chief of an innovation software at a important law faculty.

It was a minute, I understood in the midst of it all, exactly where the combine of people today and the depth of their awareness and the strength of their convictions had occur with each other in a way that rarely does at lawful technology conferences, but that was, by all accounts, par for the class at this conference.

Two days previously, at the opening of the conference, organizer Zach Posner (pictured previously mentioned) appeared to conjure the spirit of Abbie Hoffman’s “Steal this Book” when he urged attendees to “skip a session, skip just about every one session.” Rather, he explained, “Take a walk with someone.” Citing a thought conceived by company author Jim Collins, Posner explained, “Our intention is to make ‘who luck’ take place.”

Could they Do It All over again?

This was the second 12 months of the TLTF Summit, an invite-only program centered on the long run of authorized tech, organized by The LegalTech Fund, the very first enterprise cash organization to aim exclusively on lawful tech, and performed beneath Chatham Dwelling policies, which means participants could use details they heard at the conference, but they could not attribute it to any person precise.

Dan Katz and Damien Riehl focus on generative AI in authorized.

Following attending past year’s summit, I explained it as having felt like the lawful tech world’s reply to individuals invite-only summits – these as the Davos meeting of the Earth Economic Discussion board or a Renaissance Weekend – that provide collectively leaders from across disciplines to engage in open and unfettered dialogue.

“It was a superlative conference – a person like no other convention in authorized tech,” I wrote previous 12 months, predicting that having tickets for this year’s summit would “likely be the legal tech equal of a Taylor Swift ticket.”

Positive, but could they do it once again?

I’ll confess, coming into this year’s summit, I was somewhat doubtful that it would recapture the spirit of previous year’s. Immediately after all, this year’s summit just about doubled in size, from less than 250 attendees previous yr to someplace all-around 450 this yr – a threat to the intimacy that was a hallmark of the very first calendar year.

The intersection of fintech and lawful tech, with Dru Armstrong, CEO of Affinipay, Tom Brown, partner and normal counsel, NYCA Companions, and Mark Dorman, CEO of Elite.

On top of that, the convention moved out of downtown Miami north to the sprawling campus of the JW Marriott Miami Turnberry Resort & Spa in Aventura, a resort with a golf program, drinking water park, spa, and far more. Posner told me that the selection was deliberate, simply because he actually preferred attendees to get out and take walks and discover non-public time to communicate. The lodge and its grounds reminded him of the California campus of Stanford, he reported.

However, inspite of the bigger attendance and the extra-sprawling venue, this year two of the summit managed to recapture and most likely even construct on the spirt of 12 months just one.

Distinctive Combine of Attendees

The overarching purpose this summit is so specific is the attendees. There is no other convention in legal tech that brings alongside one another a very similar mix of startup founders, set up firm leaders, VCs and other investors, lecturers, and innovation leaders from regulation companies and corporate legal.

These was the blend of persons in attendance at this summit that, had a giant Florida sinkhole suddenly opened under the J.W. Marriott and swallowed up anyone there, it would have been a remarkable setback for lawful innovation. The roster of attendees was rather basically a who’s who of some of the major names in authorized tech, together with some of the most promising rising startups and at the rear of-the-scenes traders who assist gas the long run of lawful.

The participation of VCs is specifically special. I will repeat here what I said final yr. If you appear hard enough, you will discover investors attending each individual key lawful tech convention. But they are ordinarily there in stealth manner, quietly observing and no question using a private conference or two. Here, they arrive out of the shadows, lively individuals on panels and in hallway conversations. There is no other authorized tech meeting wherever this occurs, even though these VCs perform significant roles in the development and evolution of authorized tech.

New York Occasions writer Kashmir Hill is interviewed by Jeff Ward about Hill’s e book on facial recognition know-how.

Yet another component that tends to make this convention unique – and, all over again, one I also cited final calendar year – is that it is devoid of income. There is no show hall and no one striving to get you to listen to a gross sales pitch. Yes, each startups and recognized businesses ended up given the phase to make transient displays about what they do, but these had been offered as insightful, not commercial. And, sure, I have no doubt there were being deals being mentioned in the hallways and walkways, but they very likely included, if nearly anything, investments and partnerships, not one particular-to-1 income.

Substantive Presentations

Lest I depart the effect that the whole summit took position offstage and offline, permit me set the history straight. Despite Posner’s invitation to “skip each solitary session,” attendees would have lost out if they took him way too basically.

In just one of two founders fireplace chats, Gaby Isturiz moderated a conversation with Charley Moore, founder of RocketLawyer, and Jack Newton, founder of Clio.

The summit kicked off with a speedy-paced presentation by Dan Katz, professor of law at Chicago Kent School of Legislation, on 11 days that defined the yr in legal AI, adopted by a dialogue concerning Katz and Damien Riehl, VP, remedies champion, at vLex, on the effect of AI in lawful.

The keynote application was a discussion between New York Instances author Kashmir Hill and Jeff Ward, director of the Duke Centre on Regulation and Tech, about Hill’s e book on facial recognition technological innovation, Your Confront Belongs to Us: A Secretive Startup’s Quest to Close Privateness as We Know It.

Amid the standout courses had been two independent “founders” fireside chats:

  • The 1st featured Brian Liu, founder and previous chairman and CEO of LegalZoom and now cofounder of Overture Regulation, and Andrew Sieja, the founder and government chairman of Relativity, in a conversation moderated by Haley Altman, now a strategic advisor to Litera and formerly the founder of Doxly.
  • The next was with Jack Newton, founder of Clio, and Charley Moore, founder of RocketLawyer, moderated by Gaby Isturiz, common associate with The Fund XX and formerly the founder of equally Bellefield, which was acquired by Aderant, and eBillingHub, which was acquired by Thomson Reuters.

A further fireplace chat targeted on accessibility to justice, in a dialogue amongst Sheena Meade, CEO of the Clean Slate Initiative, and Natalie Knowlton, founder and principal advisor at Entry to Justice Ventures.

Discussing document administration in the age of AI were Gina Lynch, Joe Eco-friendly, Avaneesh Marwaha, Josh Baxter, and Jim Wagner.

On the key convention phase, panels protected:

  • The intersection of fintech and lawful tech, with Dru Armstrong, CEO of Affinipay, and Mark Dorman, CEO of Elite, moderated by Tom Brown, companion and basic counsel, NYCA Companions.
  • Transformative techniques to compliance and regulatory problems moderated by Shruti Ajitsaria, head of Fuse at Allen & Overy and that includes Ashton Boon, chief danger officer at the Mayo Clinic, Alex Zerden, founder and principal at Capitol Peak Techniques, Hemma Lomax, VP and basic counsel for integrity, governance, hazard and compliance at Zendesk, and Steve Marsh, CEO of Archivist Funds and chairman and founder of Smarsh.
  • Tech-run litigation, that includes Darth Vaughn, managing director of legalops and litigation counsel at Ford Motor Enterprise, Subroto Mukerji, CEO of Integreon, and Farrah Pepper, main lawful innovation counsel at Marsh McLennan, and moderated by Kevin Clem, chief progress officer at Harbor.
  • Doc management in the age of AI, with Gina Lynch, chief understanding and innovation officer at Paul Weiss, Josh Baxter, CEO of NetDocuments, Avaneesh Marwaha, chairman of Litera and govt chairman of Reveal, and Joe Environmentally friendly, chief innovation officer at Gunderson Dettmer, moderated by Jim Wagner, cofounder and CEO of The Contract Network.
  • Alternatives for legislation firms in a transforming authorized products and services landscape, with Ira Coleman, chair of McDermott Will & Emery, and Mitch Zuklie, chair of Orrick, Herrington & Sutcliffe, moderated by Keri Gohman, CEO of Caret.
  • The affect of alterations to the regulation of legislation observe, with James Peters, head of authorized innovation at LegalZoom, Gareth Hunt, controlling Director of financial institutions and authorized expert services at Stifel, and Catherine Kemnitz, main method and improvement officer at Axiom), moderated by Crispin Passmore, founder and handling director of Passmore Consulting.

Crispin Passmore moderated a panel on regulatory variations, with Catherine Kemnitz of Axiom, James Peters of LegalZoom, and Gareth Hunt of Stifel.

During the summit, a individual Startup Showcase phase highlighted a series of 5-moment pitches from pre-seed to Series A authorized tech companies. Five of the startups had been picked as finalists to present on the main phase: HData, Streamline.ai, Justpoint, SimpleClosure, and NLPatent.

Twelve scale phase corporations also built presentations, which were described as highlighting the following technology of expansion and advancement-stage organizations.

Predominant Themes

Lawmatics founder Matt Spiegel gave 1 of the scale phase presentations.

So for a meeting centered on “innovators who are transforming the entire world of regulation,” what have been the predominant themes?

Notably, past year’s meeting took put just a week right after ChatGPT first came to market. In summing up past year’s convention, I wrote, “All eyes are on generative AI.” When AI was however considerably of a curiosity then, it was, not shockingly, a dominant topic this 12 months, as seemingly every lawful tech products now incorporates AI and just about every trader, founder, and enterprise head focuses on the foreseeable future of AI.

1 panel that took the AI dialogue in a fascinating way focused on the intersection of AI and doc management, and in the techniques that AI could perhaps complement or supplant document management programs as we know them.

Another subject that permeated the summit this year, as it also did very last calendar year, was the intersection of fintech and lawful tech. As I previously pointed out, there was 1 panel devoted to that subject, but all through the summit, it was clear that much believed is being offered to the need for legal specialists to meld the money and technological features of delivering authorized services.

A topic that was dominant past yr but scarcely described this calendar year was deal lifecycle administration, or contracts tech in normal. Even though the topic surely was not disregarded, it clearly has been overshadowed by the concentration on AI.

What About A2J?

I would have favored to see more focus paid out to justice tech and problems bordering obtain to justice. Even though the summit did include a hearth chat on accessibility to justice, it felt a bit gratuitous, and the chat was improperly attended. There was no other programming on A2J, and none of the highlighted startups have been in that space or in justice tech.

Rather, as may well be anticipated at a convention place on b VCs, the concentrate was on – as Willie Sutton could possibly have reported – “where the cash is.” And where by the revenue is means major firms and big corporates – and hence on tech intended to meet the wants of major companies and significant corporates.

A different of those people impromptu discussions I experienced in the course of the summit went precisely to this stage. Is there a trickle-down effect in legal tech? Does tech created for massive firm and substantial corporate clients finally inure to the benefit of smaller sized companies, modest organizations and customers?

I think it does, at least in some cases. But acquiring tech for biglaw is a circuitous route to aiding more compact firms and shoppers. Following calendar year, I counsel, make justice tech a central element of the discussion.

But truthfully, regardless of whether they get my advice on that or not, I will be back again following calendar year, really should they deign to invite me. No other conference so uniquely brings alongside one another the foremost edge of authorized tech, in a setting developed to foster the discussions and collaborations that will move that major edge even farther into the foreseeable future.

For me, staying in a position to be there and be element of that felt like a minute of huge “who luck.”


Want other views on the meeting? Right here are other post-mortem posts I have seen from attendees:

  • LegalTech Lowdown – TLTF 2023, by Ted Theodoropoulos, CEO of Infodash, producing, “overall it was a single of the much more pleasant authorized tech convention encounters I have experienced.”
  • A LinkedIn publish from Stepan Khzrtian, cofounder and CEO at Corpora, exactly where he stated, “Through the study course of ~72 hrs (with slumber barely accounting for 12), we traveled through a meticulously weaved chain of experiences, interspersed with 1:1s both pre-prepared and impromptu, all revolving all around a common issue: how do we keep advancing the frontiers of legaltech.”
  • A LinkedIn submit by Steve Obenski, former chief approach officer at Kira and now an advisor to startups, who reported, “I cannot remember any 3-day interval far more packed with engaging and fruitful conversations with leaders in #legaltechnology.”
  • A LinkedIn publish by Josh Rosenzweig, senior director of digital transformation and user expertise at Morgan, Lewis & Bockius, who wrote, “You can go to any other lawful tech meeting to study about what regulation companies or assistance providers are carrying out nowadays, but if you are intrigued in what’s coming upcoming, this function stands on your own.”

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