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Gabe Pereira

๐Ÿ‘ค Speaker
341 total appearances

Appearances Over Time

Podcast Appearances

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

I think when most people think of law, they think of consumer law.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so I need to review a lease or, you know, I need to kind of look at one document and the models are obviously great at that.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And I think to a large extent, the base models can do that.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And then there's kind of corporate legal work and particularly big law, which is the massive law firms.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And you can think of the work they're doing is the highly specialized legal work where you need these incredibly talented, very specialized partners

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And I think kind of the two best examples of this are you're doing a massive merger, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Or an acquisition.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

You want to go buy a company for $10 billion, $50 billion.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Like you need the highest tier partner to advise you how to structure that transaction.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Or you're doing about the company litigation, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Like a big antitrust or something like this.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

The way that I would think of the workflows of all these firms is these projects take thousands.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

They can take tens of thousands of hours, teams of associates.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

The big challenge is, for example, when you're going to buy a company, you need to go understand all of the contracts in that company, all of the things that are going to happen when those contracts change because of the

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

merger or the acquisition, all of the legislation around it.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And then there is also all of the negotiation dynamics, right?

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

It's a semi-adversarial or it could be an adversarial process, same on litigation.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

And so to your earlier point of, I think when

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Language models came out.

Prof G Markets
Will This $11B AI Startup Disrupt Big Law?

Legal was kind of this great application where typically your workflows as an associate is you're getting emails from senior associates or partners, and they're just giving you tons of tasks.