Interview: Daniel Lewis - Ravel Law CEO & Co-founder

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En provenance du cours de IE Business School

Legal Tech & Startups

24 notes

IE Business School

Legal Tech & Startups

24 notes

LegalTech is the reaction to the disruption that technology is having across all sectors of the economy. Considering that the legal sector is one of the most resistant to change, due to its conservative nature, we can see just how different the future will be. In this course, IE professor Marti Manent will guide you through the essential stages of this disruption in technology, giving you the key tools and ideas to consider when starting your online business. In the course, Marti explains the key market trends that you will encounter and will provide you with a handy practical toolbox. The course features interviews with industry professionals as well as very motivating and interesting lectures that will help you open your mind and better understand everything in the course. Be part of this disruption that technology is having in the legal sector and join Professor Marti during this exciting new course.

À partir de la leçon

The Business idea

Introduction2:39

Big data and legal4:23

Blockchain and legal4:14

Bots and legal3:59

Machine learning and legal4:31

Virtual reality and legal2:27

New professionals with Javier de Cendra6:57

Interview: Daniel Lewis - Ravel Law CEO & Co-founder3:11

Rencontrer les enseignants

Marti Manent
Professor
Director Programa Legal Bridge to Silicon Valley

[MUSIC]

Hi, hi, Daniel how are you?

>> I'm good how are you?

>> Very well.

Can you explain about your experience in the company, what you are doing?

What is the future of analytics that you see

[INAUDIBLE] imagination from all the lawyers you can do a lot of it.

>> Yeah, so our company has focused on building data-driven tools to help

litigators make more competent decisions.

Or data-driven decisions about what's likely to happen and

how they can influence the results.

We've been around for about five years.

And one of the interesting things has been to see the development of other

technologies in this space,

adoption by lawyers of new technologies over those five years has really improved.

So I think five years ago people were really unfamiliar

with this idea that they could make data-driven decisions.

Today it's much more common and accepted.

But there's a lot of space yet to go.

So I think there's some really interesting future work that's yet

to be done and a lot more people to

use this kind of technology.

>> [INAUDIBLE] 20 or 30 years ago.

Do you think that that's going to come closer?

[INAUDIBLE] in 10 or 20 years?

>> Yeah, a lot of changes are going to come sooner than lawyers expect.

And they may not realize it, but

maybe their competition is already making the important decisions.

Or maybe the company that they're doing work for is making data-driven decisions.

So I think that as that happens, the rate of adoption is going to accelerate because

we're not going to be able to look around and not see people using this.

You're going to look around and

your company is going to be pressing you to use it.

Your competition is going to be using it.

So as more and more people take advantage of it,

I think the momentum of it will grow [INAUDIBLE].

>> [INAUDIBLE] >> I think there's a lot of opportunity.

It's such a big space whether you're doing enterprise software or helping

consumers find legal help or helping companies manage their legal issues.

So there's 1,000 different places where people could pick something to work on.

I think one of the challenges is picking a market that's big enough that you can

actually do something and build a business around it.

And understanding the customers and why they want to do something new.

And whether the forces and the motivations of that are strong enough for

them to adopt new technology.

Because adopting something new is always hard.

You need to be significantly better than what came before, so

you've gotta find a real pain point.

And you have to find customers who value it and can understand that pain point and

make changes based on it.

So, that's pretty broad advice.

It's a hard industry.

There's a lot of people who have failed.

And it's slow, and it can be frustrating.

That doesn't mean there aren't good opportunities.

>> Thank you for your good advice.

>> Thank you.

[MUSIC]

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