Further Comments

Damien Riehl & Horace Wu

Join legal technology experts Damien Riehl and Horace Wu as they explore the intersection of law and technology. In each episode, they discuss the latest trends, tools, and innovations shaping the future of legal practice, from litigation tech to transactional solutions.

  1. The Things, They Are A-Changin

    21 MAR

    The Things, They Are A-Changin

    Send us Fan Mail LegalWeek Wrap: GenAI Valuations, Agentic Workflows, Build vs Buy, and the Future of Legal Work Damien and Horace record an end-of-season-two LegalWeek conversation about how AI has shifted from flashy banners to an integrated reality, alongside soaring valuations for legal GenAI platforms Harvey ($11B) and Legora ($5.5B), which they contrast with the legal-content arms of Thomson Reuters, LexisNexis, and Wolters Kluwer. They discuss agentic workflows (including runaway agent costs), a Fortune company’s in-house buildout of over 160 agents, and the ongoing build-versus-buy dilemma. They map the legal AI stack (data, foundation models, UI/UX), note transactional data’s immaturity versus litigation, and anticipate consolidation among 1,000–4,000 legal tech companies. They explore adoption patterns at top firms, portability and lock-in, workflow/IP questions, niche tools displacing broad platforms, and concerns about a reported 90% drop in graduate offers in Australia. 00:00 LegalWeek Reunion 00:37 AI Everywhere Now 01:22 Unicorn Valuations 02:41 Agents Run Wild 04:05 Build Versus Buy 05:07 Legal Tech Stack 06:32 Too Many Startups 08:10 Workflow Patents 10:26 Valuation Math 12:15 Chasing Services TAM 14:08 Law Firm Hedging 16:23 Data Portability 17:25 Graduate Apocalypse 19:46 Model Ceiling Debate 22:51 People Process Gap 24:21 Free Versus Services 26:32 Open Source Over Vendors 27:22 Time Value Versus Laziness 28:42 Utopian Deflation Future 30:48 Legal AI Products Maturing 32:35 Jevons Paradox Legal Market 33:19 Consolidation And Moats 36:32 Paying For Consulting 38:40 Marketing Stunts At Legalweek 40:29 Copyright And Workflow Theft 45:02 No Moats In UI Cloning 47:41 Build Fast Get Noticed 49:27 Niche Tools Displace Platforms 51:10 Infinite Forks Open Source 52:59 Season Wrap And Cheers

    53 min

About

Join legal technology experts Damien Riehl and Horace Wu as they explore the intersection of law and technology. In each episode, they discuss the latest trends, tools, and innovations shaping the future of legal practice, from litigation tech to transactional solutions.

You Might Also Like