Anish Acharya

broadly.

broadly.

Is there going to be one company that wins the entire market of infrastructure for capitalism?

Is there going to be one company that wins the entire market of infrastructure for capitalism?

Of course not.

Of course not.

That is an industry, not a market.

That is an industry, not a market.

You're going to have dozens of winners that all specialize.

You're going to have dozens of winners that all specialize.

Just as in legal today, you've got dozens of specializations.

Just as in legal today, you've got dozens of specializations.

So I think in many of these markets, we are talking about it as if it is one market when it is much, much bigger and all the companies will specialize in their own directions.

So I think in many of these markets, we are talking about it as if it is one market when it is much, much bigger and all the companies will specialize in their own directions.

I mean, that's an open question.

I mean, that's an open question.

I don't think that we're in the 8% to 12% anymore, right?

I don't think that we're in the 8% to 12% anymore, right?

50 billion legal software traditionally.

50 billion legal software traditionally.