I hear http://thoughtly.co moved into e-discovery for visualization and summarization. Are there any other machine learning startups in the space right now?
Four Areas of Legal Ripe for Disruption by Smart Startups
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Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#62The article mentions some interesting things, but I have a few quibbles: > But even with today’s modern communication tools, both customer experience and lawyer workflow have remained stagnant. At a large firm, legal practice is unrecognizable compared to even 10-15 years ago. Everything is electronic: filing and docketing, document collection/scanning/OCR, legal research, document management (DMS + version control).…
One lawyer I talk to says that every single filing he makes at court has to be paper. He bought a wheely suitcase to carry all this documentation around to court. If everything is electronic, his firm and the judges they deal with didn't get the message...
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#63It's hard to get excited about software for lawyers, and I think that's why Disco has flown under the radar a bit, but I think these guys are going to be huge. They've made exponential improvements in e-discovery software.
Having worked in e-discovery for many years, "exponential improvements" is a huge overstatement. What they have is in pretty much any e-discovery product on the market. And they are missing a huge piece--predictive coding and advanced analytics (email threading and near-dup are EXTREMELY common). If you are in NLP, ML and/or IR, the legal industry is probably one of the most exciting places to be. Huge datasets, avai…
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#64It's hard to get excited about software for lawyers, and I think that's why Disco has flown under the radar a bit, but I think these guys are going to be huge. They've made exponential improvements in e-discovery software.
Having worked in e-discovery for many years, "exponential improvements" is a huge overstatement. What they have is in pretty much any e-discovery product on the market. And they are missing a huge piece--predictive coding and advanced analytics (email threading and near-dup are EXTREMELY common). If you are in NLP, ML and/or IR, the legal industry is probably one of the most exciting places to be. Huge datasets, avai…
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#65I currently write software for an e-discovery company. Most tasks that our software is expected to be able to perform are simple-sounding tasks, at first glance, such as ... 1. extracting documents from within other documents (attachments out of an email, files out of a zip, embedded excels out of a word doc, images out of a powerpoint, etc) 2. convert all said documents to some kind of standard media format so that…
That's where I see potential in this market. Ediscovery is a pain-point for law firm clients - especially large corporate clients who are constantly involved in complex litigation. Document review has to happen in order to effectively litigate (gotta find the smoking gun!) but when a bill comes through with hundreds or thousands of attorney-hours devoted to reading your opponent's old emails, ouch. The client hasn't even seen a work product yet.
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#66Earlier quoted context omitted.
> And computers still don't really understand either what issue you're looking for or what issue a case is about. So ancient technology (search for this word near that word) still rules the day. I think this is the key. The big revolution in legal research that I'm waiting for is the ability for the computer to understand something like: all cases where a) Claim X was brought as a counterclaim and not as the original…
FWIW: This is entirely solvable, it's just that the worlds search experts are not working on legal search, because it's not a large enough market :)
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#67I currently write software for an e-discovery company. Most tasks that our software is expected to be able to perform are simple-sounding tasks, at first glance, such as ... 1. extracting documents from within other documents (attachments out of an email, files out of a zip, embedded excels out of a word doc, images out of a powerpoint, etc) 2. convert all said documents to some kind of standard media format so that…
Feature requests in e-discovery bloat your original software out of all proportion. Nevermind getting past the original part of effectively searching large troves of data in different formats.
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#68It's hard to get excited about software for lawyers, and I think that's why Disco has flown under the radar a bit, but I think these guys are going to be huge. They've made exponential improvements in e-discovery software.
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#69Earlier quoted context omitted.
Having worked in e-discovery for many years, "exponential improvements" is a huge overstatement. What they have is in pretty much any e-discovery product on the market. And they are missing a huge piece--predictive coding and advanced analytics (email threading and near-dup are EXTREMELY common). If you are in NLP, ML and/or IR, the legal industry is probably one of the most exciting places to be. Huge datasets, avai…
On the research end of things, NIST's TREC has a legal track, and that's probably the best place to look for what's happening in the "applied research" space of the field.
Re: Four Areas of Legal Ripe for Disruption by Smart Startups
#70Earlier quoted context omitted.
Having worked in e-discovery for many years, "exponential improvements" is a huge overstatement. What they have is in pretty much any e-discovery product on the market. And they are missing a huge piece--predictive coding and advanced analytics (email threading and near-dup are EXTREMELY common). If you are in NLP, ML and/or IR, the legal industry is probably one of the most exciting places to be. Huge datasets, avai…
Interesting. What type of advanced analytics do you mean?