AI and the Future of Law: The 10 Year "Overnight" Success Story

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  • เผยแพร่เมื่อ 17 ม.ค. 2025

ความคิดเห็น • 46

  • @ycombinator
    @ycombinator  ปีที่แล้ว +4

    What industry are you changing with AI?

    • @adixonsmith
      @adixonsmith ปีที่แล้ว +1

      Watching this is incredibly timely. We (Omnikey) applied for the W24 batch and are waiting to hear back. Such great info! As a lawyer, I’m really excited to see how AI positively influences the legal world and those who interact with it.

    • @SRVZ_official
      @SRVZ_official ปีที่แล้ว +5

      Service based businesses.

    • @WeylandLabs
      @WeylandLabs ปีที่แล้ว +1

      -Change- Not Create *New* !
      I would have thought Y-Combinator would have got this already ?

    • @iffyaiyan8942
      @iffyaiyan8942 ปีที่แล้ว

      Healthcare, in fact, building to brutally disrupt exiting traditional healthcare

    • @anzumanararunu1343
      @anzumanararunu1343 ปีที่แล้ว

      Agriculture

  • @warrenhenning8064
    @warrenhenning8064 ปีที่แล้ว +53

    I had thought saving lawyers time was a classic startup trap because law firms don't actually want to bill fewer hours.

    • @bacool
      @bacool ปีที่แล้ว +2

      😂

    • @yeetdeets
      @yeetdeets ปีที่แล้ว +21

      Suppose that if the delta is large enough, it forces their hand. "Use it or get left behind" kinda deal.

    • @jptre
      @jptre ปีที่แล้ว +1

      lololol

    • @lawyermahaprasad
      @lawyermahaprasad ปีที่แล้ว +1

      Not really, there is a curve for that. Better to have volume than the same grinding. PS: We do not our clients to go bankrupt. If we can save some money for them we do.

    • @cdv130
      @cdv130 ปีที่แล้ว

      I think this is kind of an optimization problem, mixed with a "human factor": law firms definitely want to bill "enough or a reasonable number of hours" for a case, but also process any relevant evidence and do the legwork as fast as possible.

  • @winkletter
    @winkletter ปีที่แล้ว +24

    "What a time to be alive."
    ME: Wait, is this Y Combinator or Two Minute Papers?

  • @chapterme
    @chapterme ปีที่แล้ว +7

    Chapters (Powered by ChapterMe) -
    00:00 - Intro: The Story of Casetext
    00:48 - Part 1: Jake's founder origins
    03:09 - Part 2: How Casetext got to product market fit
    04:36 - The Process
    06:45 - Early access to GPT-4
    08:52 - Golden demo
    10:56 - Part 3: Moving fast and building the future
    13:29 - Ex: California Innocence Project
    14:25 - Mega opportunities for builders
    16:08 - Never been a better time to start a company
    17:14 - Outro

  • @shashigoud7478
    @shashigoud7478 ปีที่แล้ว +5

    Iam working at a charterered accountant firm in india , i have to review the tax returns , most of the work is redundant and when i see technology like gpt it helps to reduce our work to a large extent , i literally feel like this technology will impact the world more than the internet doing provided if we can sort out hallucinations it has.

    • @VhantomYT
      @VhantomYT ปีที่แล้ว +2

      How many attempts, bro? I'm thinking of starting the CA exam at 25. (A lot of things have happened, and currently, I am trying to sort out my life.) Would you recommend the CA course at this age? Just a senior secondary (12th) pass-out here.

  • @nicklesseos
    @nicklesseos 11 หลายเดือนก่อน

    This is a great case study. Makes you think! Thank you for the push

  • @maneel_
    @maneel_ ปีที่แล้ว

    Thank you Y combinator for sharing.

  • @joeromero4819
    @joeromero4819 2 หลายเดือนก่อน

    When the person said to give the customer what they want the lawyers. My question is whether you compromise on anything important or manipulate at the customer's request?

  • @Salvatoreluciano.
    @Salvatoreluciano. ปีที่แล้ว

    I applied to YC in September and I never got an email.

    • @ycombinator
      @ycombinator  ปีที่แล้ว +3

      We are still reading and interviewing

  • @JosephRivera517
    @JosephRivera517 9 หลายเดือนก่อน

    What do you think are the downsides of a legal judgment prediction model? Do you think it is feasible in the real world?

  • @Alphfirm
    @Alphfirm ปีที่แล้ว

    Thanks for sharing!

  • @BizLytInteractive
    @BizLytInteractive ปีที่แล้ว

    Good Job. adding International Legal requirements in our project. Custom requirements, Import/Export, product regulations, etc.

  • @robertopena6621
    @robertopena6621 ปีที่แล้ว +7

    Is it me or was it a failing company until they connected to the OpenAI API

    • @maxsurgai
      @maxsurgai ปีที่แล้ว

      the past is in the past

    • @brandonreed09
      @brandonreed09 10 หลายเดือนก่อน +1

      No. They just reached a plateau of growth. The AI allowed them to accelerate their growth again.

  • @sepidehyazdi5358
    @sepidehyazdi5358 ปีที่แล้ว +1

    This is so inspiring

  • @philipwhiuk
    @philipwhiuk ปีที่แล้ว +2

    Bought out by Thomson Reuters for 650M

  • @davidrduch2334
    @davidrduch2334 ปีที่แล้ว +5

    i summarise the success of this company in 1 sentence
    " Early access to gpt4 " . Like khan academy .
    anything to do with altman's YC connections 🤔
    still love your vidz tho

    • @ycombinator
      @ycombinator  ปีที่แล้ว +4

      Doing RAG well is hard. Sanding down the edges is hard. Building a team is hard. Having proprietary data is hard. Selling is hard.

  • @rbright1721
    @rbright1721 ปีที่แล้ว

    Creating a viable business model around this idea seems challenging. The model would only be beneficial if it could incorporate oral supplements, but obtaining permission for audio file input, given that they are considered court property, is unlikely. Nevertheless, the model could still prove valuable for appeals or projects focused on innocence. The limitation lies in the financial aspect; if they had sufficient funds, they might have avoided unfavorable outcomes in the first place.
    Disclaimer
    This content was generated 40% by artificial intelligence. It may contain errors or inaccuracies, and should not be relied upon as a substitute for professional advice.

  • @MisterDivineAdVenture
    @MisterDivineAdVenture 10 หลายเดือนก่อน +2

    Not an interview - it's an infomercial. Obvious omissions of any mention of hallucinations. It's all golden - I'll bet. CaseText and CoCouncil focus on establishment money. Not anything better.

  • @cherubin7th
    @cherubin7th ปีที่แล้ว +2

    Legal stuff in the US is strange. Here we just look up the law in the appropriate law book and the evidence.

    • @_hadoken
      @_hadoken ปีที่แล้ว +1

      If you're referring to the differences between common law and civil law, I find the fact that the court can technically be free to be entirely inconsistent and ignore precedent in civil law jurisdictions quite strange myself.

  • @pacifiquebusiness
    @pacifiquebusiness ปีที่แล้ว

    👏