tag:blogger.com,1999:blog-49019217562650421462024-03-13T23:15:13.565-07:00The Legal PioneerAmy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.comBlogger39125tag:blogger.com,1999:blog-4901921756265042146.post-36964398712419852882014-11-09T17:46:00.000-08:002014-11-09T17:46:12.328-08:00Results of USC Legal Tech Startup WeekendWritten by Adam Long<br />
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Four teams pitched at the USC Legal Tech Startup Weekend on November 9, 2014</div>
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<b>LegalSync:</b></div>
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an app that provides real-time tracking of filings with legal couriers en route to court</div>
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<b>Probonopubli.co</b></div>
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an online matchmaking service between nonprofits and lawyers and lawfirms who want to provide pro bono services</div>
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<b>Ask The Pro: </b></div>
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an online service for law students who can ask questions of law professors</div>
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<b>Served.lawyer:</b></div>
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an online service that gives intellectual property owners a simple way to track down websites that infringe their content and automates the process of sending out cease and desist letters and takedown notices.</div>
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<b><u>Results:</u></b></div>
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<span style="font-size: 13.3333339691162px;">1st prize winner: Served</span><div style="font-size: 13.3333339691162px;">
2nd prize winner: LegalSync</div>
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3rd prize winner: Probonopubli.co</div>
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com2tag:blogger.com,1999:blog-4901921756265042146.post-77262883070561756922014-09-03T01:27:00.001-07:002014-09-03T01:27:36.705-07:00Last Chance! Upvote the Legal Hackers panel for 2015 SXSW<div style="background-color: white; border: 0px; color: #222222; font-family: arial, sans-serif; font-size: 13px; margin: 0px; padding: 0px; vertical-align: baseline;">
The 2015 SXSW panel picker vote is soon coming to an end! We'd appreciate if you could take a minute and upvote (click on the thumbs up on the left) of a <span style="background: rgb(255, 255, 204); border: 0px; margin: 0px; padding: 0px; vertical-align: baseline;">SXSW</span> panel called<b>Legal Hackers: A Global Movement to Reform the Law</b>. We have until Friday, September 6 (11:59 PM CT) to get as many votes as possible. (You have to create an account to vote).</div>
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You can vote here: <b><a href="http://panelpicker.sxsw.com/vote/41760" style="border: 0px; color: #1155cc; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">http://panelpicker.<span style="background: rgb(255, 255, 204); border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">sxsw</span>.<wbr></wbr>com/<u></u>vote/41760</a></b></div>
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Also, would super awesome if could retweet it:</div>
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<a href="https://twitter.com/amyywan/status/499781035450957824" style="border: 0px; color: #1155cc; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">https://twitter.com/amyywan/<wbr></wbr>status/499781035450957824</a></div>
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Also, since you're already there, it'd also be awesome if you could support Rebecca William's panel on Government Data:</div>
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<span style="color: #2e2e2e; font-family: arial;">'Your Laws, Your </span><span style="background: rgb(255, 255, 204); font-family: arial;">Data</span><span style="color: #2e2e2e; font-family: arial;">: Making </span><span style="background: rgb(255, 255, 204); font-family: arial;">Government</span><span style="color: #2e2e2e; font-family: arial;"> More Open':</span><a href="http://panelpicker.sxsw.com/vote/35484" style="color: #1155cc; font-family: arial;" target="_blank">http://panelpicker.sxsw.<wbr></wbr>com/vote/35484</a><br style="color: #2e2e2e; font-family: arial;" /><span style="color: #2e2e2e;">Retweet: </span><a href="https://twitter.com/internetrebecca/status/500332503149051906" style="color: #1155cc; font-family: arial;" target="_blank">https://twitter.com/<wbr></wbr>internetrebecca/status/<wbr></wbr>500332503149051906</a></div>
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-39847442646885809032014-08-06T14:00:00.000-07:002014-08-07T13:13:08.744-07:00Traklight: Automating IP Strategy<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><span style="color: #1d1d1d; font-size: 10pt;">Mary Juetten, Founder and CEO
of </span><a href="http://www.traklight.com/"><span style="color: #1237ca; font-size: 10pt; text-decoration: none;">Traklight.com</span></a><span style="color: #1d1d1d; font-size: 10pt;">, created
Traklight while earning her JD at Arizona State University. Instead of taking
the bar, she </span><span style="color: #1a1a1a; font-size: 10pt;">chose to work at another software startup while
working on Traklight on the side during her last semester of law school in
2010. Starting in October 2011, she transitioned to working on Traklight
full-time, and writes that “since my son just graduated from high school, we’ll
be empty-nesters, so my attention will be 110% on Traklight after August.” Traklight won Success Magazine’s 2013 Start
Small, Win Big contest, placed second in Grow America’s She Can Pitch contest,
and was a Startup of the Year finalist at Arizona’s 2013 Governor’s Celebration
of Innovation.</span></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2nPT5uumI0moS8MKspOEQ_5NO2hj_B-gDF_F2uyEifY34Yvuuj4yGqTlZLYTOjMo_1yxof5TqOpIQetvU9cYRJgfuHVZysqaLX3plWo0CepJdLyt0CcmylBHdkMFK7FbJwBzYU_ZVbwSP/s1600/mary_jeutten_woman_entrepreneur.jpg" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg2nPT5uumI0moS8MKspOEQ_5NO2hj_B-gDF_F2uyEifY34Yvuuj4yGqTlZLYTOjMo_1yxof5TqOpIQetvU9cYRJgfuHVZysqaLX3plWo0CepJdLyt0CcmylBHdkMFK7FbJwBzYU_ZVbwSP/s1600/mary_jeutten_woman_entrepreneur.jpg" height="320" width="212" /></a><span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: Times;">Mary Juetten has dedicated her more-than-25-year
career to helping businesses achieve and protect their success. A
self-described “recovering accountant,” she has conducted financial auditing,
provided consulting, and held executive positions with public and private
organizations. Mary has a Bachelor of Commerce degree from McGill and a Juris
Doctorate from Arizona State as well as her US and Canadian accounting and
public accountant certifications. Mary is an international writer, speaker,
Forbes contributor, and mentor, and she co-chairs the Arizona Technology
Council’s Law and Technology committee. Mary also represents entrepreneurs on
the Board of the Crowdfunding Investment Regulatory Advocates and the Emerging
Enterprise Committee of the Licensing Executives Society.</span><br />
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<span style="color: #1a1a1a; font-size: 10pt; text-indent: -0.25in;"><b><span style="font-family: Trebuchet MS, sans-serif;">Tell me about Traklight</span></b></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><span style="color: #262626; font-size: 10.0pt; mso-bidi-font-family: Arial;">Traklight offers the only self-guided
software platform to create a custom intellectual property (IP) strategy with
an integrated storage and file-sharing solution. It’s available 24/7, and </span><span style="color: #1a1a1a; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">allows entrepreneur to gain confidence and take control.<o:p></o:p></span></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">We make sure that
entrepreneurs take control of their IP from the very beginning. An IP Strategy
is a list of all the potential IP and other next steps, warnings, and
recommendations around your intangible assets. <span style="mso-spacerun: yes;"> </span>We also create an IP Inventory that allows our
customers to manage their registered or protected IP plus an IP Snapshot for
attorneys to triage or prequalify clients and assist with the client intake
process. <o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">We at Traklight like to
say that we educate and empower around IP. This product isn’t just a one-time
activity. For many, IP is often ignored or misunderstood at the start and that
is a problem later on when seeking financing or applying to an incubator. We
create on-demand reports that can be used by attorneys, investors, and
accountants to help protect, leverage, and value the IP or intangible assets.
The storage is great because it is simple but cloud-based, so it’s very
affordable. This is a Fortune 1000-type technology for small business. It also
integrates into other consumer facing platforms using iframes or API
technology.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2qRvihlKy_xiL2Y-U38F2H0lr7VzJW3jb7UWMuVLCM7HmBaAOeAmLVDyLmkumM-nGyjBkvMpfexFoEeo_F4Nsk7okfskrIYw9PGb8BMb4fXjiS9d19vuIE1o2DsapeVxiY1HEqNTxq3pG/s1600/IDyourIP_2.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj2qRvihlKy_xiL2Y-U38F2H0lr7VzJW3jb7UWMuVLCM7HmBaAOeAmLVDyLmkumM-nGyjBkvMpfexFoEeo_F4Nsk7okfskrIYw9PGb8BMb4fXjiS9d19vuIE1o2DsapeVxiY1HEqNTxq3pG/s1600/IDyourIP_2.png" height="170" width="400" /></a><span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";"><b>Do you have competitors
with a similar product, and if so, how are you different?</b><o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">Our only online competition
to our self-guided questionnaire is DIY Internet research. Offline, one can
visit an attorney or other IP professional. For the storage and file sharing,
we have many competitors but we do have some differences–we have time-stamping
and a verification email, as well as a system to allow data input that includes
dates and notes for each file that is uploaded.<o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";"><b>What inspired you to
create Traklight?</b><o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">Hearing about entrepreneurs
losing their IP; never knowing that they had valuable IP; waiting until they
have wasted money on branding; not owning their IP even though they paid for
it; the list goes on. The majority of the issues were NOT regarding patents or
IP protection rather more IP prevention. If customers had identified their IP
upfront, they would have been able to take simple steps–some of them just good
business practices–to protect and keep what is theirs.<o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";"><b>What's been your
greatest challenge thus far?</b><o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">Once we got past the
technical bumps and failures with various contractors and hired our own
full-time tech team, the biggest challenge was raising awareness around the
fact that businesses have IP, and that companies should have a sense of urgency
around developing an IP strategy. We focus on education through blogging, white
papers, articles, speaking, and so on.<o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxgprRMhIMhojEoq9sqwnOx81IwyjlnU-0k9jh3IJP21hWc5cBv2HnZReMFyLP9Kz6QLRbOwJcB7MyrEE9CcbAdKphgkgX9YYmosXjukdLVEfbloHx2b6fHOOhT3zuSeGj9BcVKxGjfzch/s1600/Screen+Shot+2014-08-06+at+1.56.42+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgxgprRMhIMhojEoq9sqwnOx81IwyjlnU-0k9jh3IJP21hWc5cBv2HnZReMFyLP9Kz6QLRbOwJcB7MyrEE9CcbAdKphgkgX9YYmosXjukdLVEfbloHx2b6fHOOhT3zuSeGj9BcVKxGjfzch/s1600/Screen+Shot+2014-08-06+at+1.56.42+PM.png" height="182" width="400" /></a><span style="color: #1a1a1a; font-size: 10pt;"><b><span style="font-family: Trebuchet MS, sans-serif;">What is the demographic
of your main customer?</span></b></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">Entrepreneurs, inventors,
and startups are our main customers. We are focused on early-stage small
businesses with less than 25 employees, including solo owners. We have a lot of
first or second time startups as clients, but a number of seasoned
entrepreneurs also use our software platform because they understand the
importance of managing IP.<o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";"><b>What's been your
greatest success thus far?</b><o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">Relaunching our completely
new website and applications in March. We got feedback from hundreds of
entrepreneurs and attorneys. The new software was well-received and generated
interest from some very large potential strategic partners. <o:p></o:p></span></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd0vSO52pDWToPfOOV1TDvUbSbkE4W_t965YuJ14mshq4-7JgyKrV-geqpZvLGlY8htunOebXWwuqt8Nj3UUrWsoKF1rolzT8wOww8II6croBGQDNLiZy87xwwrDZ6U2ASqi0IjKos2dF1/s1600/Screen+Shot+2014-08-06+at+1.43.59+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhd0vSO52pDWToPfOOV1TDvUbSbkE4W_t965YuJ14mshq4-7JgyKrV-geqpZvLGlY8htunOebXWwuqt8Nj3UUrWsoKF1rolzT8wOww8II6croBGQDNLiZy87xwwrDZ6U2ASqi0IjKos2dF1/s1600/Screen+Shot+2014-08-06+at+1.43.59+PM.png" height="95" width="400" /></a></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";"><b>What changes do you
foresee in the company? In the legal industry?</b><o:p></o:p></span></div>
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<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">We have a playbook project
underway to document and streamline our internal processes and create
repeatable scaleable processes for our team to deliver great customer
experience and continue to work with our customers to develop great products.
We are hiring to expand our team and it is also very exciting!<o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><span style="color: #1a1a1a; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">For the legal industry, I
see that the walls between business and law are starting to come down. We
crafted a document on the business of legal to help attorneys understand that
giving away billable hours to secure clients is expensive. We hope to see
greater adoption of technology to augment the practice of law on the
transactional side. Attorneys will thrive if they integrate some of the best
practices with respect to inbound marketing and education–giving value to
potential clients in an efficient way using technology (like our IP Strategy
report! </span><span style="color: #1a1a1a; font-size: 10.0pt; mso-ascii-font-family: Times; mso-bidi-font-family: "Helvetica Neue"; mso-char-type: symbol; mso-hansi-font-family: Times; mso-symbol-font-family: Wingdings;"><span style="mso-char-type: symbol; mso-symbol-font-family: Wingdings;">J</span></span><span style="color: #1a1a1a; font-size: 10.0pt; mso-bidi-font-family: "Helvetica Neue";">).<o:p></o:p></span></span></div>
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-71023004169437595182014-06-26T11:28:00.000-07:002014-06-26T11:28:00.813-07:00LawKick: Lawyers go Groupon<div class="MsoNormal">
<span style="font-family: Arial;"><b>Tell me about yourself.</b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;">Aaron
George and Michael Chasin met during their time at Loyola Law School. Both
quickly learned of each other's entrepreneurial ambitions and past successes
starting businesses. Neither of them had a strong desire to actually practice
law but both saw some major deficiencies in the legal industry so they decided
to start LawKick in the 2nd year of the law school career.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><b>Tell me about LawKick.</b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;">LawKick is a marketplace for finding a lawyer. You just have to fill out a few
questions and then wait for lawyers in your area to submit proposals to work
with you. Conversely, if you are looking to act quickly and get a ton of
savings, you can purchase a Deal for discounted legal services through LawKick
Deals. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><b>How is it different from the legal marketplaces? Also,
tell me more about your "Groupon-like" program.</b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;">We're different
because we allow you to freely use the platform at absolutely no cost. We
understand that legal services are very expensive, so we don't want to increase
that cost. The "Groupon-like" program is LawKick Deals (<a href="https://lawkick.com/Deals"><span style="color: #1155cc;">https://LawKick.com/Deals</span></a>).
Consumers can find a Deal for discounted legal services that
fits their specific need. In many instances, consumers can choose from a few different lawyers
offering similar deals to find the right fit. They prepay for the Deal to lock
in the savings and will get a 30 minute consultation with that lawyer.
If they're not sure you want to proceed with that lawyer, for whatever reason, they get a full refund, no questions asked.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><b>What inspired you to create LawKicks? </b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;">We saw all
of our friends, who were smart and qualified attorneys, struggling to find
jobs. Conversely, we were constantly asked by our non-lawyer friends "do
you know a lawyer who does xyz...?" It was crazy to us that there were so
many lost clients but so many unemployed lawyers. Not only that--if there
are so many unemployed/under-employed lawyers, why are legal expenses so high?
In any industry, when supply is high, prices should be low. But for some
reason, this normal occurrence did not exist in law. So we thought of LawKick
to create a transparent and open marketplace to hopefully employ more lawyers
and bring the cost of legal services down.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><b>What's innovative about it? </b></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Arial;">By creating an open
marketplace, we have enabled lawyer to acquire clients at a lower cost than
normal. Because of this, they've been able to lower their prices without
affecting their profits. It's a win-win for everyone. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
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<span style="color: #222222; font-family: Arial;"><b>What's been your greatest challenge thus far? </b></span></div>
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<span style="color: #222222; font-family: Arial;">Marketing. It is
extremely difficult to educate the consumer about our product and to think of
us when they encounter a need for a lawyer<o:p></o:p></span></div>
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<span style="color: #222222; font-family: Arial;"><br /></span></div>
<div class="MsoNormal" style="background: white; mso-margin-bottom-alt: auto; mso-margin-top-alt: auto;">
<span style="color: #222222; font-family: Arial;"><b>What is the demographic of your main customer? </b></span></div>
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<span style="color: #222222; font-family: Arial;">Our demographic varies
quite a lot depending on the type of lawyer being sought. Our most common user,
however, would be an entrepreneur in their 20s or 30s looking to startup/run a
company<o:p></o:p></span></div>
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<span style="color: #222222; font-family: Arial;">Efficiency. We've been able
to create a site that works extremely well. Some clients receive responses from
lawyers within 2 minutes of submitting a request. On average, clients don't
have to wait more than 15 minutes to hear from a lawyer and typically receive
around 8 lawyers to choose from.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: Arial;">The
legal industry is changing considerably. Lawyers, while far behind the curve,
are finally starting to utilize technology to benefit their practice. Our goal
is--now that we've made the clients' lives a lot easier--to do the same for
lawyers. We're developing products to help lawyers manage their practices
better.<o:p></o:p></span></div>
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<span style="color: #222222; font-family: Arial;"><b>Are you an attorney? Did you go to law school? Are you doing the
startup full time? </b></span></div>
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<span style="color: #222222; font-family: Arial;">Michael did not take the Bar, but did graduate from his JD/MBA programs. Aaron dropped out of law school after his 2nd year. Both doing the startup fulltime, along with 4 other people.<o:p></o:p></span></div>
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-6481311400035029322014-06-26T11:25:00.001-07:002014-06-26T11:25:13.927-07:00Lawyerist article on law startupsInteresting article this morning from the Lawyerist on law startups.<br />
<br />
<a href="http://lawyerist.com/74528/legal-startups/">http://lawyerist.com/74528/legal-startups/</a><br />
<br />
Take a look at their cool info graphic:<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="http://i1.wp.com/lawyerist.com/lawyerist/wp-content/uploads/2014/06/Legal-Startup-Data.png?resize=640%2C1604" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="http://i1.wp.com/lawyerist.com/lawyerist/wp-content/uploads/2014/06/Legal-Startup-Data.png?resize=640%2C1604" /></a></div>
<br />Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com2tag:blogger.com,1999:blog-4901921756265042146.post-44792882189925611472014-06-22T20:35:00.001-07:002014-06-22T20:38:19.369-07:00FactBox: The Litigator's Fact Organizer<span style="background-color: white; font-family: arial, sans-serif; white-space: nowrap;">Lecia Kaslofsky </span><span style="font-family: Helvetica;">works full-time as the CEO of Lynx Workflow. Formerly a private investigator, she continues to play a limited role in Lynx Insights, an investigative firm, which
is managed full-time by another partner. She is also a
full-time mother, wife and friend, so I'm grateful to have caught a few minutes to interview her.</span><br />
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<span style="font-family: Helvetica;"><b><i>Tell me
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<span style="font-family: Helvetica;">As a corporate investigator, I worked with the best litigators in the world for decades and </span><span style="font-family: Helvetica;">have personally managed multi-million dollar professional-services organizations. I </span><span style="font-family: Helvetica;">have the utmost respect for litigators. We find the facts, and they use the facts to win cases! It's a great partnership.</span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">I’m a native San Franciscan and spent many
years in New York. Out of college I started a small research company – mostly
as an excuse to hang out in the library – and that very quickly grew to a staff
of subcontractors doing mostly investigative and financial research. I next
cofounded the international investment arm of a DC-based bank and ran that
before heading back to the field of private investigation. Then I turned 25. Using
technology and visualization software to streamline work has always been part
of my DNA. Writing HTML and knowing basic programming languages helped. With my
partners, I ran and grew an </span><a href="http://mintzgroup.com/"><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">investigations business</span></a><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";"> and that was enormously rewarding. I
eventually left to develop Lynx Workflow.<o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">Ed was also a partner at the investigation
firm. He had always been very active in the art scene in New York and
eventually co-founded </span><a href="http://canary-project.org/"><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">an organization</span></a><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";"> that brings awareness about climate change
through art. Through his work with that organization, he was offered the
prestigious Loeb fellowship at the Harvard Design School and left the
investigations firm to do that. It was not his first journey to Harvard; he
also holds a Masters degree in Japanese poetry from there, and is quite the
renaissance guy. He still plays an active role in the international
art/climate-change discourse while not leading design and product for Lynx
Workflow. <o:p></o:p></span></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ3Ac9Z1o9FgmwCewc9F6FnOIHoNjHP0jLS_4Kv4Uhiik7ZAxYuPsPYGLRzogQLzXtn1cRQnJ5T8D-boGRynXBKxhvrv2D86i_IiqOpz6Phci0oJ9zvoYlBoOTGb6I7cAlnfPhj6rF8se0/s1600/1+Add+Fact+FactBox+Screenshot.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjQ3Ac9Z1o9FgmwCewc9F6FnOIHoNjHP0jLS_4Kv4Uhiik7ZAxYuPsPYGLRzogQLzXtn1cRQnJ5T8D-boGRynXBKxhvrv2D86i_IiqOpz6Phci0oJ9zvoYlBoOTGb6I7cAlnfPhj6rF8se0/s1600/1+Add+Fact+FactBox+Screenshot.jpg" height="303" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;"><span style="background-color: white; color: #222222; font-family: arial, sans-serif; text-align: start;">Record facts, notes, and ideas</span></td></tr>
</tbody></table>
<span style="font-family: Helvetica;"><b><i>Tell me
about Lynx Workflow and FactBox</i></b></span><span style="font-family: Helvetica;"><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">In litigation, attorneys must work with big
volumes of complex factual information. Our flagship product </span><a href="http://lynxworkflow.com/factbox.html"><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">FactBox</span></a><span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";"> is an easier way to manage all those facts by
capturing all the ideas, facts, and notes of the workday, making connections
between all those facts, and readying those facts for a client-focused
report.<span style="mso-spacerun: yes;"> Although Lynx Workflow has other offerings, </span>FactBox is dedicated to the professional services industry. It’s an SaaS
product that transforms ideas into work product.<o:p></o:p></span></div>
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<br /></div>
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<table cellpadding="0" cellspacing="0" class="tr-caption-container" style="float: right; margin-left: 1em; text-align: right;"><tbody>
<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhspQmrVxye2tQplOTfzowkA0CZo3BEyjCJiAMuLhzjAt2nay1P9iVS8ayd5tNQ-Db8Yseeell0js_R_FdrYtHOIbU5N2xWWU1plDwjuN57cONzDMzYLCabMRmC7K3UoS0Iu01VIfk12PS8/s1600/2+Main+FactBox+Screenshot.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhspQmrVxye2tQplOTfzowkA0CZo3BEyjCJiAMuLhzjAt2nay1P9iVS8ayd5tNQ-Db8Yseeell0js_R_FdrYtHOIbU5N2xWWU1plDwjuN57cONzDMzYLCabMRmC7K3UoS0Iu01VIfk12PS8/s1600/2+Main+FactBox+Screenshot.jpg" height="275" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Analyze, sort, and dig into your facts and notes</td></tr>
</tbody></table>
<span style="font-family: Helvetica;"><b><i>How is it
different from its competitors?</i></b></span><span style="font-family: Helvetica;"><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
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<tr><td style="text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR3ixxFJNKTAvhS_cj6m2Mzc-ov014bu-25rFE260BjEjfTdNMzlyKkBKOTtRHde_IQMNqdEQ8-sHLv70YrypJmukOEWOuhpRp93Kc9ZsRg7vjP-9kzWRerIP3hGNqs7go8tBCbWFz3jVg/s1600/3+Generate+FactBox+Screenshot.jpg" imageanchor="1" style="clear: right; margin-bottom: 1em; margin-left: auto; margin-right: auto;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhR3ixxFJNKTAvhS_cj6m2Mzc-ov014bu-25rFE260BjEjfTdNMzlyKkBKOTtRHde_IQMNqdEQ8-sHLv70YrypJmukOEWOuhpRp93Kc9ZsRg7vjP-9kzWRerIP3hGNqs7go8tBCbWFz3jVg/s1600/3+Generate+FactBox+Screenshot.jpg" height="281" width="400" /></a></td></tr>
<tr><td class="tr-caption" style="text-align: center;">Generate work product directly from your facts</td></tr>
</tbody></table>
<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">FactBox could be described as Evernote meets
CaseMap. It has an intuitive, easy interface with the organizational features
of a more robust product. Other litigation management platforms require 100%
adoption and profess to do all things related to the litigation process. That’s
great for some firms, but we hear that even with these total packages,
litigators are still working the way they always have – email subfolders, Word
docs and sticky notes. FactBox meets litigators where and how they already
work. <o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Helvetica;"><b><i>What
inspired you to create FactBox?</i></b><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="font-family: Helvetica;"><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">As a partner in a large investigative firm, I
grew increasingly frustrated at the inefficiencies of the job. I found timekeeping,
report editing, and organizing exhibits to be an excruciating time drain. So,
my cofounder Matthew Carmody and I created a skunkworks program to solve these
workflow problems. Our first product made it much easier for investigators to
record expenses related to their searches. That sounds boring at first, but
these types of minutiae weigh down a professional’s life. In the first month,
we saw widespread adoption and thousands of dollars added to the bottom line. We
made happy investigators and happy partners. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">The cofounders went our separate ways and
eventually reconvened to work on innovating workflow solutions for professional
services. Lynx Workflow recognizes that that facts and ideas in the litigation
process get put in email, folders with subfolders, and Word docs, so this
workflow system allows people to save time and energy, and results in a better
work product. We found that litigators that bill over $500/hr often spend 10
hours a week redoing the same work. We are passionate about automating work a
computer does better, and leaving the real service-level work to the
human.<span style="mso-spacerun: yes;"> </span><o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica;"><b><i>What's
innovative about it?</i></b></span><span style="font-family: Helvetica;"><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">The real trick with work-productivity software
is <i style="mso-bidi-font-style: normal;">not</i> making the user change his/her
current way of working. We spent almost two years iterating and testing
different solutions before we got to the current FactBox product. FactBox is
designed to let each person – and groups of people – continue working in their
own style, with the lightest of interference. The result is an easy-to-use tool
that gives back 1000X what you put in. There are other, and even more robust,
fact-management tools for litigators but they require a thick manual and
training program. That’s not realistic to how professionals like working
today.<span style="mso-spacerun: yes;"> </span>Plus, we really love
professionals and have the highest respect for what they do. That respect shows
in every nuance of FactBox. <o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<span style="font-family: Helvetica;"><b><i>What's been
your greatest challenge thus far?</i></b><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="font-family: Helvetica;"><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">Finding the balance between getting FactBox
into the hands of users and building out all the features we know our customers
will want. Our initial customers – litigators at major law firms working on
high-impact cases – don’t have extra time and expect the highest quality from day
one.<o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica;"><b><i>What is the
demographic of your main customer?</i></b></span><span style="font-family: Helvetica;"><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">Our initial customers are litigators and more
specifically tend to be: (1) senior associates who are ready to maximize the
efficiency of their workday and (2) partners who want better work-product from
their associates. Even though FactBox does reduce unbillable time, we find the
prime motivator for our customers is providing the most exceptional service to
their clients. FactBox helps them do that. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica;"><b><i>What's been
your greatest success so far?</i></b><br style="mso-special-character: line-break;" />
<!--[if !supportLineBreakNewLine]--><br style="mso-special-character: line-break;" />
<!--[endif]--></span><span style="font-family: Helvetica;"><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">We provided a very early version of FactBox to
five firms – including two Amlaw 50 firms – for them to use on real cases and
provide design feedback. This required the firm to sign-off on our security and
SaaS technology--an important benchmark for us.<span style="mso-spacerun: yes;">
</span>Additionally, despite the basic interface and bugs, every one of those firms
opted in to continue using (and pay for) FactBox. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica;"><b><i>What changes
do you foresee in the company? the legal industry?</i></b><br style="mso-special-character: line-break;" />
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">There are many features and exciting dimensions
of FactBox waiting in our roadmap. I can’t wait to grow and deliver excellent
products to our customers. <o:p></o:p></span></div>
<div class="MsoNormal" style="line-height: normal; margin-bottom: .0001pt; margin-bottom: 0in;">
<br /></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">As for the legal-industry prognostication: it
really bothers me when people talk about big law dying or predict a world of
total legal self-service. There are huge leaps of productivity needed for sure,
but the bottom line is that lawyers have real skills that add real value. Being
a counselor is more than reading a law book; great lawyers are trained to think
about a problem and give you expert legal-specific advice. That will not go
away. The professional-services field will not be commoditized and I challenge
anyone who thinks it will be. <o:p></o:p></span></div>
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<br /></div>
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<span style="font-family: Helvetica;"><b><i>Are you an attorney? Did you go to law school?</i></b><o:p></o:p></span></div>
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<span style="font-family: Helvetica; mso-bidi-font-family: Helvetica; mso-fareast-font-family: "Times New Roman";">I am not an attorney, nor have I ever
considered it. My partner Ed got close to being one. He got a perfect LSAT
score, in fact, and turned down Harvard Law School to pursue a dual career in
investigations and climate-change activism.</span></div>
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<!--EndFragment-->Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-82152565250368033882014-06-12T16:48:00.002-07:002014-06-12T16:48:29.506-07:00Finally, a consumer-friendly, design-oriented law firm website!A friend of mine directed me to a particular attorney's website, and I've got to say, I'm impressed. It's clean, user-friendly, doesn't look like it comes from the Netscape era, and so refreshing from all those clunky, sad law firm websites I stumble across all too often. I've never understood why law firm websites appear overly stuffy--it's super easy to make something beautiful these days with programs like Wix.com.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlPahW-I_U2TMaKvaz0NCQj8EdjiQjOuA4MPPKnl-x1Fs-mspVTz-p7P9jJQvwm5J29FolsDr7pHAzL4rtB3i4OhVqUSYWarZ06FGCwsFMJKuCGyIxBYen6SRTb_LTgFiGLSSsV7Kw4pl2/s1600/Screen+Shot+2014-06-12+at+4.39.09+PM.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhlPahW-I_U2TMaKvaz0NCQj8EdjiQjOuA4MPPKnl-x1Fs-mspVTz-p7P9jJQvwm5J29FolsDr7pHAzL4rtB3i4OhVqUSYWarZ06FGCwsFMJKuCGyIxBYen6SRTb_LTgFiGLSSsV7Kw4pl2/s1600/Screen+Shot+2014-06-12+at+4.39.09+PM.png" height="318" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<br /></div>
I perused his blog a bit, and its refreshing to see the forward-thinking of this attorney. For example, instead of just saying "unpaid interns are generally illegal," he gives from DIY advice for cash-straped companies and understands the practical concerns of companies and employers. Thumbs up in my book--I recently got in an argument over an immigration attorney who was opening advertising for unpaid legal interns (and had the boldness to claim it was in compliance with FLSA). Needless to say, he was not the guy I called when I needed to contract out two immigration issues this week. (<b>Disclaimer</b>: I've never worked with this attorney and don't endorse him, I just like his thinking and his website).<br />
<br />
Click <a href="http://joehuser.com/">here</a> to take a look.<br />
<br />
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQPw0L4ITpTTKx4yEw8BkCWCBH1oxxsF-sM5SnNjbAyxisSqeUGg4pFLitrPjWXtzf4ksG_NqR9tM6lWRLiXlO0PIVQBAEdbMNwVBOOK0R9kqAD5noNiKXrfEyW5a8U0z3ytYh2cph3WDy/s1600/Screen+Shot+2014-06-12+at+4.39.27+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhQPw0L4ITpTTKx4yEw8BkCWCBH1oxxsF-sM5SnNjbAyxisSqeUGg4pFLitrPjWXtzf4ksG_NqR9tM6lWRLiXlO0PIVQBAEdbMNwVBOOK0R9kqAD5noNiKXrfEyW5a8U0z3ytYh2cph3WDy/s1600/Screen+Shot+2014-06-12+at+4.39.27+PM.png" height="330" width="400" /></a><br />
If this is the next wave of law firm websites, hallejuah!Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com3tag:blogger.com,1999:blog-4901921756265042146.post-58580648577494995862014-05-23T12:16:00.001-07:002014-05-23T12:16:30.842-07:00Hire an Esquire: Two Women Redefine Legal Staffing<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a; font-family: Trebuchet MS, sans-serif;">A lot of the emerging legal marketplaces out there aim to connect lawyers with business or individual clients. Hire an Esquire specializes in connecting lawyers with law firms and in-house departments, thereby cutting out recruiters and making on-demand lawyers a viable and efficient option. By the way--Hire an Esquire is co-founded by two women. Following the ABA Journal article, I realized that the blog hasn't covered many female-led law startups, so here's our first!</span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">1) Tell
me about yourselves.</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">Julia
Shapiro and Jules Miller have been friends since they were 14, when they met in
high school in Pittsburgh, PA. Julia became an attorney and adjunct legal
professor, and Jules, a non-attorney, worked at a Big 4 accounting firm and
spent several years in Silicon Valley. Both have been entrepreneurial and
'intrapreneurial' throughout their careers, and finally joined forces to build
Hire an Esquire. After initially introducing the company in 2011, they have
started working on the company full time since January 2013.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBwHzWHNHoFP4kLHVSlRjUT_CnIb9UpcJhHhpkyXhBYygh2ftvf7ht8mx1HlxFrrIeJy1DcTC6ACN2cmDOKeaqB210Aitth-so64Id9C_hB_KBlLODrblnrZoeA-XxtnBQU5atl04JkRxm/s1600/Screen+Shot+2014-05-23+at+12.13.47+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjBwHzWHNHoFP4kLHVSlRjUT_CnIb9UpcJhHhpkyXhBYygh2ftvf7ht8mx1HlxFrrIeJy1DcTC6ACN2cmDOKeaqB210Aitth-so64Id9C_hB_KBlLODrblnrZoeA-XxtnBQU5atl04JkRxm/s1600/Screen+Shot+2014-05-23+at+12.13.47+PM.png" height="212" width="400" /></a><span style="color: #1a1a1a;"><o:p><span style="font-family: Trebuchet MS, sans-serif;"> </span></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">2) What
inspired you to create Hire an Esquire?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: Trebuchet MS, sans-serif;">Julia worked as a
contract attorney for a few years and really enjoyed it. Her co-workers were
very interesting people who worked hard, but actually had time outside of the
office to do other things. She saw the benefits of having a flexible legal
workforce, but the brick and mortar legal staffing firms have traditionally
been inefficient.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNoSpacing">
<span style="font-family: Trebuchet MS, sans-serif;">Hire an Esquire believes
in the future of a flexible workforce. It is happening in every other
industry, facilitated by technology platforms, but the legal industry has been
a bit slower to adopt this model. This presents an opportunity to
make law firms more efficient and attorneys more entrepreneurial, and to
change the legal industry for the better. <o:p></o:p></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">2) Tell
me about Hire an Esquire (what does it do?)</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><span style="color: #262626;">Hire an
Esquire is a technology platform that helps law firms and in-house legal
departments find, manage, pay and maintain relationships with a flexible
workforce of attorneys and paralegals. </span><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">3) How is
it different from the other legal marketplace websites?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNoSpacing">
<span style="font-family: Trebuchet MS, sans-serif;">Hire an Esquire is the
only legal marketplace that offers firms an option to work with contract-based
attorneys on a W-2 basis, where Hire an Esquire is the employer of record and
covers all the related HR and insurance details. This allows us to work
with the large law firms, who need W-2 staffing due to IRS employee
classification requirements. This also allows us to work with attorneys
who are not set up as solo practitioners with malpractice insurance.
While we can still certainly match solos to clients on a 1099 basis, the
W-2 functionality is what truly makes us unique.<o:p></o:p></span></div>
<div class="MsoNoSpacing">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">How are you different from Axiom Law?<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">We have a
similar model but first and foremost Hire an Esquire is a technology company. Also,
Axiom caters primarily to in-house legal departments while we work primarily with
law firms. All clients can access our community of attorneys simply by logging
in and posting jobs. We open the gates and give our clients tools to find the
right people quickly and easily without a recruiter.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">5) What's
innovative about it?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">We
streamline and automate a traditional process—legal staffing—to make it better,
faster and cheaper. We are the first technology company to redefine legal
staffing online. Our platform is very user-friendly, and was developed
from scratch. Our new CTO is creating algorithms to find the best attorneys for
the job, thereby cutting out traditional recruiters.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">6) What's
been your greatest challenge thus far?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">Law firms
can be their own worst enemy. At this point, most firms we speak to
understand that this is the future of the industry, but the way firms are
structured makes it very difficult for them to adopt new technologies and
practices. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">8) What's
been your greatest success so far?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">Surviving
until the legal industry was ready for our product! We saw the need for
Hire an Esquire in 2009 and launched the initial product in 2011, but law firms
were not ready for it then. There were some lean years at the beginning,
but the tide has definitely shifted and our growth in the past 6 months has
been phenomenal. We were a bit too early, but luckily we had enough conviction
to stick with it. <o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">7) What
is the demographic of your main customer?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">We work
primarily with AM Law 200 firms and Fortune 500 legal departments.
However, the beauty of a technology platform like Hire an Esquire is that
it's accessible to firms and businesses of all sizes. Once they are
verified, firms can simply log in to post jobs and get matched with the best
attorney and paralegal candidates around the country.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">Where are you in terms of funding?<o:p></o:p></span></span></b></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">We closed a
seed round in December 2013 for $350,000. We look forward to raising a $2-3M
Series A at the end of this year.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="font-family: Trebuchet MS, sans-serif;"><b><span style="color: #1a1a1a;">9) What
changes do you foresee in the company? the legal industry?</span></b><span style="color: #1a1a1a;"><o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">For Hire an
Esquire, we look forward to expanding geographically to fully penetrate the top
5 cities that are legal hotspots, since to date we have only been in the
Philadelphia and New York markets. We're also launching several
innovative programs that go above and beyond what is traditionally considered
to be legal staffing, so stay tuned! As the industry changes, we plan to
change with it.<o:p></o:p></span></span></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<br /></div>
<div class="MsoNormal" style="mso-layout-grid-align: none; mso-pagination: none; text-autospace: none;">
<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">For the
legal industry, there will be an evolution both in terms of how the law is
practiced and how law firms are operated, driven by the adoption of new
technologies. <o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">Any advice for aspiring legal
entrepreneurs?<o:p></o:p></span></span></b></div>
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<span style="color: #1a1a1a;"><span style="font-family: Trebuchet MS, sans-serif;">It’s a lot
harder than you think so be prepared! Lawyers are one of the most challenging
markets to sell to. You can’t just do SEO and expect people to come—there’s a
lot of traditional sales and brand building. Don’t expect any shortcuts, just
stick with it and focus on building strong relationships.</span><span style="font-family: Arial;"> </span><span style="font-family: Arial;"> </span></span><span style="font-family: Arial;"><o:p></o:p></span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-47626268880436637492014-05-17T16:24:00.002-07:002014-05-17T16:24:21.931-07:00FairDocument: 80/20 Estate Planning<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;">By Kara Shacket</span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<br /></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;"><span class="CharAttribute0">Jason Brewster is the CEO and founder of </span><a href="mailto:www.fairdocument.com">FairDocument</a><span class="CharAttribute0">,
a low-cost alternative to estate and trust planning that offers clients an
attorney review of their documents.</span><o:p></o:p></span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<br /></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;"><span class="CharAttribute0">Jason is an entrepreneur by trade and a fellow at the Center
for Legal Informatics (CodeX) at Stanford University. Prior to FairDocument,
Jason tried to use a self-help book to aid in his estate planning. He ran into
specific questions that the book simply didn</span><span class="CharAttribute0">’</span><span class="CharAttribute0">t answer.
Aggravated that the answer wasn</span><span class="CharAttribute0">’</span><span class="CharAttribute0">t there, he found that engaging in a
few minutes of meaningful time from an attorney to be extremely helpful. Thus,
the model for FairDocument was born. <o:p></o:p></span></span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<br /></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;"><span class="CharAttribute0">Alongside colleagues Quanqiu Wang and Justin Yarmark, Brewster
originally explored many options, including using artificial intelligence to
create contracts. Due to their complexity, other documents such as contracts
are still in the works. In the meantime, his team created FairDocument, to
provide low-cost attorney services for estate planning.<span style="mso-spacerun: yes;"> </span>They combined the do-it-yourself philosophy
with the expertise of attorneys to help clients create estate plans. </span><o:p></o:p></span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVAtcbFRsEy2JGJINk8cU7bSov4TCYRgLh0lnkyIhT2gtwedoZRRFipZa7-D87M_KsTdLY8HAcXhi_Jfb_c2mvw-ImD_uTJJHAXFx6jIXvtbK9pIWQO3rJ_APUg_skuDlSRbDwuN76vYvj/s1600/Screen+Shot+2014-05-17+at+4.22.55+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjVAtcbFRsEy2JGJINk8cU7bSov4TCYRgLh0lnkyIhT2gtwedoZRRFipZa7-D87M_KsTdLY8HAcXhi_Jfb_c2mvw-ImD_uTJJHAXFx6jIXvtbK9pIWQO3rJ_APUg_skuDlSRbDwuN76vYvj/s1600/Screen+Shot+2014-05-17+at+4.22.55+PM.png" height="271" width="320" /></a><o:p><span style="font-family: Trebuchet MS, sans-serif;"> </span></o:p></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;"><span class="CharAttribute0">Another pseudo-application of the pareto principle (see
previous post on SnapTerms), FairDocument recognizes that 80% of clients have
similar estate planning needs. FairDocument thus uses standardized forms, and
then calls in the lawyers to refine the estate planning documents to each
client</span><span class="CharAttribute0">’</span><span class="CharAttribute0">s
specific needs. </span><o:p></o:p></span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<br /></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span style="font-family: Trebuchet MS, sans-serif;"><span class="CharAttribute0">According to FairDocument, in general, there are three
triggers that indicate it</span><span class="CharAttribute0">’</span><span class="CharAttribute0">s time for an estate plan: (1) Children;
(2) Net worth greater than $150,000; or (3) Home ownership.<span style="mso-spacerun: yes;"> </span>Estate planning can direct assets according
to the wishes of the deceased. Without an estate plan, assets may be subject to
probate and unfavorable allocations and tax results may occur. Estate planning
gives the deceased the power to decide where assets will go and minimizes
estate taxes paid. </span><o:p></o:p></span></div>
<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<br /></div>
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<div class="ParaAttribute0" style="mso-pagination: widow-orphan; page-break-after: avoid;">
<span class="CharAttribute0"><span style="font-family: Trebuchet MS, sans-serif;">FairDocument currently provides estate planning services to
residents in California, Virginia, Mississippi, New Hampshire, Vermont, Rhode
Island and Massachusetts. Colorado and Montana are in the works. They hope to expand
services to more states soon. </span></span><span style="font-size: 12.0pt;"><o:p></o:p></span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com3tag:blogger.com,1999:blog-4901921756265042146.post-37715795759248968622014-03-25T19:33:00.002-07:002014-03-25T19:33:28.248-07:00An interview with Jordan Furlong, present day and futurist legal industry expert<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Jordan Furlong blogs on the state of the legal market at<a href="http://www.law21.ca/"><span class="Hyperlink1"> Law21</span></a>:
Dispatches from a legal profession on the brink.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Give us a quick
overview of your career path.<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Like a lot of people, I came out of undergrad with an Arts
degree (English major) and found myself wondering what, exactly, I was going to
do with that. So eventually, again like a lot of people at the time, I wound up
in law school, for a couple of reasons: one, I wanted a good career that would
allow me to help people without having to deal with either calculus or blood; and
two, it was an affordable risk. Granted, this was the early 1990s and it was
Canada, but still: tuition in my third year of law was $2,300. (It’s $18,000 at
the same school now.) There’s no way, as a slightly-upper-middle-class kid,
that I could afford law school today, and that’s a bad state of affairs for the
legal profession and for society generally.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Having finished law school, I completed my articling year (a
one-year apprenticeship mandatory for Canadian bar admission) at a large
corporate firm in Toronto. I like to call that a mutually unsatisfying
experience. I wasn’t asked back as an associate, and I don’t blame the firm at
all; eventually, I also came to recognize that I was a poor fit for the firm
and vice versa (though it wasn’t a fun thing to absorb at the time). From
there, I wandered around a bit (again, something you can do when you don’t have
$200,000 in student debt) until I found myself in legal journalism. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Over the course of 13+ years in that field, I wound up
working as an editor for three Canadian legal periodicals, including the
Canadian Bar Association’s National magazine (the rough equivalent of the ABA
Journal) for ten years. Near the end of that period, a little over six years
ago, I began blogging at a site I called, very much on the spur of the moment,
Law21 (21st-century law, basically). The blog attracted a fair bit of
attention, and I started getting calls to give presentations on the legal
market, which I was happy to do. And people began asking, “How much do you
charge to speak?” And I thought, “Charge? Well, that’s interesting...”<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">So today, I bill myself as a lawyer (still), author (one
short book, co-author of another), speaker, strategic consultant, and industry
analyst. I study the global market for legal services and help lawyers and
clients understand what’s happening in this market (short answer: everything)
and what to do about it. I work with law firms, state bars, law societies, law
schools, and professional legal<span style="mso-spacerun: yes;">
</span>associations of various kinds. I frequently get introduced as a
“futurist,” which I really don’t think I am: I’m talking about what’s happening
right now and what’s going to happen a few years down the road. That’s not the
future; that’s the present, with a trailer for the next episode. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I really have no idea how I ended up doing something as
fascinating and fulfilling as this, especially since I sure never set out to do
it. I often think of that great line by Douglas Adams: “I may not have gotten
where I wanted to go, but I think I’ve wound up where I needed to be.“<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What are some of the
top trends you’re seeing?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">So much has happened over the past few years that it’s hard
to summarize, but in general, I think three remarkable and pretty much
unprecedented things are happening at once. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Client behavior is
changing.</b> In the wake of the financial crisis and the recession that
followed it, we’ve seen the start of a radical change in legal client behavior,
prompted by real economic hardship for both individuals and many businesses.
Consumers just can’t afford to go see a lawyer for even basic legal needs
unless they absolutely have to -- because it’s not like most lawyers have
frozen or reduced their fees over the past five years. (The massive growth of
self-represented or DIY clients over these past few years is not a coincidence,
to my mind.) And at the corporate or institutional client level, in-house
counsel, who’ve been under pressure for ages to improve outside counsel spend
and clarity, began to find that if they pushed lawyers, lawyers would give way
and fall back. So they’ve been pushing -- not all of them, by any means, but
still a remarkable number -- on discounted rates, fixed fees, RFP demands, and
other unprecedented attempts to take control of, or at least gain greater
influence over, the lawyer-client relationship. This has been a real shock to
the system of big firms, which are staring at a major retool of their
businesses models and a very limited capacity to make that happen.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">New options for
clients. </b>And of course, it’s easier to push against your traditional
supplier when new suppliers suddenly start entering the market. On the consumer
law side, we saw the flourishing of LegalZoom, the launch of Rocket Lawyer, and
over this past year or so, an explosion of app-based, crowdsourced, online, or
low-cost ways to get what you need in family, estate, business, and other
services traditionally lumped together as “general practice law.” These
practitioners are now up against an army of offerings that, for the most part,
aren’t as good as lawyers (yet), but that will cheerfully offer 80% of what
lawyers do for about 20% of the price. (And again, remember all those pro se
litigants and DIY clients: they’ve chosen the “no lawyer” option, which is
also, strictly speaking, competition.) On the corporate side, we’ve seen the
rise and evolution of legal process outsourcing (from India and the Philippines
to stateside), document review companies, e-discovery vendors, automated
contracts reviewers, and a host of really remarkable new technologies for
getting legal work done. This is eliminating many lawyer jobs, especially at
the BigLaw junior associate level, and those jobs, I have to tell you, aren’t
coming back. They’re turning into project, contract, and temp lawyer positions,
for better or for worse.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Change in legal
regulation. </b>My personal view is that someday, when they sit down to write
the history of this period in the legal marketplace, they’ll lead off with the
fact that in 2012, under the auspices of the Legal Services Board of England
& Wales, regulators there began issuing licenses for Alternative Business
Structures: law firms or legal enterprises owned partially or wholly by people
who are not lawyers. There are nearly 300 of these businesses in Britain right
now, and they’re helping to radically change the nature of what the legal
market offers and what clients can expect and can afford. This is spreading to
the US: Washington State has approved legal technicians, California is
considering limited license legal professionals, and New York State is
exploring legal advocates. These are the first tiny cracks in the wall of
lawyers’ monopoly on legal services that will someday crumble. I’m on record as
forecasting that the “Unauthorized Practice of Law” will be a dead letter
inside ten years. Some US state, somewhere along the line, will choose to
become the England & Wales, or the Delaware, or the Nevada (depending on
your preferred jurisdictional metaphor) of the legal market and will allow
non-lawyer ownership of law firms. It could be a year or so away in my own
province of Ontario, Canada’s largest jurisdiction. It really is only a matter
of when, not if, it comes to the US.<o:p></o:p></span></div>
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<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What’s a young lawyer
to do?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">It’s a hell of a time to be entering this profession, and I
mean that in both the bad sense and the not-so-bad one: the challenges are
immense, and the opportunities, which will someday rival the challenges, are
still getting started. My general take on it is that new lawyers must develop a
knack for entrepreneurialism. They need to enter this market ready to engage
with it, wade in, both hands in up to the elbows, from day one. Decide what
your desired customer base is, what your value offering to them will be, and
why they should care: answer those three questions and you’re off to a strong
start. The reflexive lawyer approach is to say, “I need a job,” but there will
be fewer jobs out there for years to come. Instead, figure out what the market
needs and how you can provide it -- affordably for clients, profitably for you.<o:p></o:p></span></div>
<div class="MsoNormal">
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<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">If you’re looking for sources of business, remember that the
latent legal market is massive. There’s an huge untapped market of people who
need legal services and who would willingly hire a lawyer if they could afford
one. I’ve seen an estimate that pegged that latent market at $90 billion every
year in the US alone. One study in Britain suggests lawyers are missing out on
nearly 85 billion pounds’ worth of work every year from small businesses that
either take care of their legal needs themselves or ignore them. Studies from
courts in different jurisdictions set the pro se litigant rate in family courts
anywhere between 40% and 85%. If I were a young lawyer and saw all this, I’d be
asking what these potential clients currently need and aren’t getting, and why
they aren’t getting it. (Hint: start with price.)<span style="mso-spacerun: yes;"> </span>Every law school and state bar should offer a
course on how to run a law practice that everyday people can afford. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What do you think
about:<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Virtual law firms</b>:
I think they’re promising. Really, the virtual law firm is just an extension of
a low-cost, affordable law practice. You could have a firm that’s nearly 100%
virtual, I guess, though it’s more difficult to do that in actual practice. You
still need, at the very least, a desk, a chair, a phone, a laptop, a printer, an
internet connection, and a quiet, secure space somewhere. But if you can
arrange your infrastructure such that you can make your practice less costly
and more accessible, why wouldn’t you?<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Law startups</b>: The
more, the better — the more people take a crack at building new and better
enterprises for legal service, the faster we’ll find out what works. We need
new tools and structures and approaches. To take one example, I find WeVorce
really promising, not least because it takes a multi-disciplinary approach
(recognizing that only part of the relationship breakdown process is legal),
and that it’s online, understandable, accessible, and affordable: these are
four adjectives you can’t apply to most law firms. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Flat fees</b>: I
don’t think the key concept here is fees or billing, but price. Most lawyers
can’t properly answer a client’s question on pricing, but it’s the one thing
clients most want to know. Good pricing gives your client certainty, reliability,
or predictability in some combination, while also maximizing the probability
that you’ll make a profit. If you know your own costs of doing business, what
the market charges for what you do, and the exact, in-depth particulars of your
client’s situation, then you can price successfully.<o:p></o:p></span></div>
<div class="MsoNormal">
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<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Legal education</b>:
Legal education needs to decide what it’s for, what purpose it serves. There
are many law schools that apparently believe their mission is to develop
graduates who could someday, by dint of hard work, great ambition and good
luck, become law professors. If you don’t really take seriously the idea that
your students will be practicing lawyers, that’s fine; just cut your tuition by
90% and admit that you’re a glorified M.A. program. But if you decide your
purpose is to provide a thorough, professional grounding for lawyers to
practice successfully and in a fulfilling manner, then you need to adjust your
offerings accordingly. I’m not suggesting the other extreme of a trade school
that doesn’t teach legal ethics or legal history but only basic information
about how to be a lawyer and run a business. We do still need professors,
policymakers, and researchers as well as practitioners. But either provide an
integrated education for professional businesslike lawyers, or decide between
M.A. and trade school. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">Solo firms: </b>I
actually think the future lies with niched, networked, entrepreneurial solos:
lawyers who may have their own clients, but who primarily are called in to work
on several overlapping projects with an always-revolving set of colleagues,
like skilled trades on a building project. We still tend to interpret “solo” as
“general practitioner,” which is a problem, because what we think of as general
law practice is on its way to extinction: much consumer law will eventually be
conquered by non-lawyers and algorithms, with lawyers on the fringe. Future
solos will be specialized and agile, online and accessible, using technology to
dispense basic documents and transactions and adding value through skilled
counsel and strategy.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b style="mso-bidi-font-weight: normal;">BigLaw</b>: More
large law firms are going to collapse. I mean, law firms of all sizes collapse
all the time, but they don’t all generate the headlines of a Dewey or what look
to be a Patton. The fundamental law firm business model, which is shared by
5-lawyer and 500-lawyer firms alike, worked wonderfully in 1984 but is having a
much harder time of it 30 years later, because the market environment has
changed. The traditional leverage of highly profitable associates, the ability to
shift all outcome risks to the client through hourly billing, the obsessive
need for annual profit growth to keep partners from bolting -- these are
hallmarks of BigLaw (and other-sized firms as well) and they’re not simply
going to go away overnight. Client value, client service, systematization,
technology, cash flow, collegiality, and professionalism: these will be the
hallmarks of successful firms in future -- as they invariably were in the past,
before we hooked ourselves on double-digit annual profit growth and began to
think we should be as rich as investment bankers. Even the investment bankers,
as it turned out, shouldn’t have been as rich as they were. We’ve spent 30
years in the wilderness, and we’ve probably got another 10 to go to complete the
traditional wandering period. We need to find ourselves and find our right path
again, and that process is now well underway. By the end of this decade, we’ll
either be clearly on our way out of the wilderness and into the promised land,
or we’ll be so deep in the desert that we won’t be coming out again. I
obviously hope it’s the former.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What’s the most
interesting thing you’ve learned along the way?<o:p></o:p></span></b></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Lawyers are not that far from awesome. We are frequently
given a hard time for our inaccessibility and emotional detachment and
strategic cluelessness and time-wasting inefficiency and proud technophobia and
... well, for a lot of things. I’m often leading the hard-time brigade myself.
But after more than 20 years in this profession, I’m more convinced than ever
of the fundamental decency, intelligence, work ethic, moral concern, and
professionalism of lawyers. In the vast majority of instances, lawyers want to
help, and we can and do make a huge difference -- all the way from simple peace
of mind over a family matter to keeping someone out of prison who doesn’t
deserve to be there. We’re not a broken or an obsolete profession. We need
repairs, reorientation, rejuvenation, and rededication, absolutely; but the
core is still strong and is very much salvageable. If we can fix ourselves up,
clean out our gears and reboot our systems for a new social and business
environment, I think we’ll be unbeatable, and I think everyone will benefit as
a result.</span><a href="" name="GoBack"></a><span style="color: windowtext; font-family: "Times New Roman"; font-size: 10.0pt; mso-ansi-language: #0400; mso-bidi-font-size: 12.0pt; mso-bidi-language: X-NONE; mso-fareast-font-family: "Times New Roman"; mso-fareast-language: #0400;"><o:p></o:p></span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com3tag:blogger.com,1999:blog-4901921756265042146.post-23541661708088913042014-03-24T14:24:00.001-07:002014-03-24T14:24:21.403-07:00Thanks for your support!I got the best birthday present today-- firing featured in the ABA's list of 10 women to watch in legal tech! Am about to board a plane to South Africa right now, but just wanted to say thanks. Thanks for reading, commenting, thanks for all those who have given interviews and helped me along the way when I had no idea what I was doing. And thanks for posting and telling others about the blog. It would obviously be nothing without the support of the legal innovation/ legal hacker/ legal tech (whatever you want to call it) community.<div><br></div><div>I have some exciting news coming up, including an awesome article with the one and only Jordan Furlong. I'll post as soon as I get settled in Jo-berg.</div><div><br></div><div>Here's the link to the ABA article: <a href="http://www.abajournal.com/mobile/gallery/women_in_tech/1001#/mobile/gallery/women_in_tech/1013" style="font-family: 'Helvetica Neue Light', HelveticaNeue-Light, helvetica, arial, sans-serif;">http://www.abajournal.com/mobile/gallery/women_in_tech/1001#/mobile/gallery/women_in_tech/1013</a></div><div><br></div><div>Cheers,</div><div>Amy</div><div><br></div><div><div class="separator" style="clear: both;"><br></div><br></div>Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-67552516294043600612014-03-14T09:18:00.005-07:002014-03-14T09:18:51.628-07:00Casetext takes on the legal research giants<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><span style="background: white; color: #333333; mso-ascii-font-family: Cambria; mso-bidi-font-family: "Times New Roman"; mso-fareast-font-family: "Times New Roman"; mso-hansi-font-family: Cambria;">Jake Heller has been programming since he was 9
years old, and worked full-time as a web developer before becoming a lawyer.
His startup Casetext, a Y Combinator-backed company, offers </span><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">a better
way of dealing with legal text. <o:p></o:p></span></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Early on, Heller was fascinated by open-source code. He loved
Wikipedia, was an early reviewer on Yelp, and a fan of Github. However, he
couldn’t understand why the community approach that worked elsewhere hadn’t
worked in law. <o:p></o:p></span></span></div>
<div class="MsoNormal">
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<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">He found that search providers like LexisNexis are problematic in two
ways: First, they are expensive. It can cost $50 per search, $20 per document,
and is inaccessibly expensive. Heller came across solo practitioners who had a
LexisNexis plan allowing only 20 minutes of usage per day. They’d use Google
and books for the rest of the search.<span style="mso-spacerun: yes;"> </span>In
Heller’s eyes, these search providers produce information in expensive and
unsustainable ways. Writing case summaries, headnotes, and shepardizing are all
human-intensive processes. <o:p></o:p></span></span></div>
<div class="MsoNormal">
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<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Secondly, although accurate, these searches are very rarely
insightful. Case summaries and shepardization only go so deep. Heller saw a
missed opportunity of community insight about cases. Lawyers instead rely
heavily on law blogs and twitter for updates in case law and case summaries. He
dreamt of building a product that could incorporate all of that and still offer
a full text database and, best of all, would be completely free.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLZIcrqR9IOH9F6nyigCKUJHFborUoI403dYsF2CEJ60klR3qE3MjX1A4rRpElRL984ozDRAuFQ5jpsQMtbeuCnk_oyuR53P4Xe3hylCyZu7UeP3bUaSoKR5S7fpCcy34937Pwdc1MiaGx/s1600/Screen+Shot+2014-03-14+at+8.53.04+AM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLZIcrqR9IOH9F6nyigCKUJHFborUoI403dYsF2CEJ60klR3qE3MjX1A4rRpElRL984ozDRAuFQ5jpsQMtbeuCnk_oyuR53P4Xe3hylCyZu7UeP3bUaSoKR5S7fpCcy34937Pwdc1MiaGx/s1600/Screen+Shot+2014-03-14+at+8.53.04+AM.png" height="235" width="320" /></a><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">“I’d been thinking about this idea for 5 or 6 years,” explains Heller,
“and I constantly brought it up with my wife. At one point, <span style="mso-spacerun: yes;"> </span>she turned to me and said that in the future,
we might have kids and a mortgage, and that now was the time to take a risk.”
And so, Heller left his position as a litigation associate at Ropes & Gray
to pursue Casetext. <o:p></o:p></span></span></div>
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<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Casetext is like Rapgenius or Wikipedia for law. There’s a full text
database along with community-added annotations. Features include:<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoListParagraphCxSpFirst" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">Case summary and holding</span></i></b><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">: This
basic information at the top of the page allows readers to know whether it’s a
case they want to read just by skimming the top of the page.</span></span><br />
<div class="separator" style="clear: both; text-align: center;">
<span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"></span></span></div>
<span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><o:p></o:p></span></span></div>
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<!--[if !supportLists]--><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr8yQPXnWMa8PkwDa40PKqtqL-nIlgVkPjjVhge5sC5srxzPakorqm-MohRN7loz9YABkgTkkuTPfOCGTZ3YyVe5jV_yUieLm8keR8ycl-awqv1iuG4jwipLUdvvpW8v7yL7WV8_Iz8W8M/s1600/Screen+Shot+2014-03-14+at+8.51.41+AM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgr8yQPXnWMa8PkwDa40PKqtqL-nIlgVkPjjVhge5sC5srxzPakorqm-MohRN7loz9YABkgTkkuTPfOCGTZ3YyVe5jV_yUieLm8keR8ycl-awqv1iuG4jwipLUdvvpW8v7yL7WV8_Iz8W8M/s1600/Screen+Shot+2014-03-14+at+8.51.41+AM.png" height="211" width="320" /></a><span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;"> </span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">Treatment and up/down voting</span></i></b><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">: Unlike
Westlaw or LexisNexis, you can easily see how the case is distinguishable, and
how others have treated a case. Community members can upvote or downvote related
cases so that the most important one goes to the top. <o:p></o:p></span></span></div>
<div class="MsoListParagraphCxSpMiddle" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">Annotation and heat-mapping</span></i></b><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">: Because
just having the text of a case is rarely enough to fully understand it,
community members can also add comments alongside a case. The heatmap indicates
the more highly cited parts of the case. The darker the heatmap, the more
important that part of the case is. <o:p></o:p></span></span></div>
<div class="MsoListParagraphCxSpLast" style="mso-list: l0 level1 lfo1; text-indent: -.25in;">
<!--[if !supportLists]--><span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-list: Ignore;">·<span style="font-size: 7pt; font-style: normal; font-variant: normal; font-weight: normal; line-height: normal;">
</span></span><!--[endif]--><b style="mso-bidi-font-weight: normal;"><i style="mso-bidi-font-style: normal;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">Fast search and intelligent search filters</span></i></b><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">: Not all
cases are created equal—some cases have never been cited before, others are
cited repeatedly in secondary literature. Casetext thus has a “leading cases”
tag/filter if the case has been cited 5 or more times in law articles and treatises.
Moreover, because Casetext uses open-source technology, it can make searches many
times faster than even expensive, commercial products. “Traditional competitors
insist on using proprietary technologies because they feel insecure about
selling something they can’t patent. They’ve spent 7 years developing
proprietary technology that is now 7 years behind.”<o:p></o:p></span></span></div>
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<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Casetext’s business model is simple—all the basic research functions
are free. Users will be able to upgrade to premium features, which includes the
ability to privately annotate and share those annotations within a firm, but
not publicly. Knowledge management has been a perpetual problem for law firms.
With Casetext, law firm members can annotate privately within their firm (as
well as integrate their previous memos, briefs, and other in-firm
communications as annotations), and firms can in turn and boast about having
the best internal database of knowledge—everything from case knowledge to
feedback about judges, giving the firm an advantage over their opponents.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg74rrG6hl9Ni0w49Knyqj76wu9j3sIZM7OKvpbvwE7fft3rOLMUSvYjtF1E13aJ1Aw9GhyphenhyphenLgdgZwWUU_lgGurLbZ6jWLWbUCORiIEIBVenZIkKBZDY8Wz_BL8QGOTkFvswY0vlN53M5ATN/s1600/Screen+Shot+2014-03-14+at+8.54.36+AM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg74rrG6hl9Ni0w49Knyqj76wu9j3sIZM7OKvpbvwE7fft3rOLMUSvYjtF1E13aJ1Aw9GhyphenhyphenLgdgZwWUU_lgGurLbZ6jWLWbUCORiIEIBVenZIkKBZDY8Wz_BL8QGOTkFvswY0vlN53M5ATN/s1600/Screen+Shot+2014-03-14+at+8.54.36+AM.png" height="191" width="400" /></a></div>
<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Heller isn’t just limiting himself to case law, though. Casetext also
works on contracts. Hours after Y Combinator released a new standard contract
for early-stage investing called <a href="https://casetext.com/contract/simple-agreement-for-future-equity">the simple agreement for future equity (SAFE)</a>, over a dozen lawyers, professors,
investors, and startup founders annotated the SAFE on Casetext.<o:p></o:p></span></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">First started in May 2013, Jake developed the first version of Casetext
himself. It was a single page featuring Loving v. Virginia that some friends
helped him annotate to show an example. He admits “it was not nearly as cool as
it is today,” and credits his development team, which has rebuilt most of the
current platform since August 2013.</span></span></div>
<div class="MsoNormal">
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<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;">In April 2013, Heller quit his job and three days later, was at the Y
Combinator offices for what he describes as the most fast-paced, intense
10-minute interview of his life. He was accepted that evening. “What I learned
at Y Combinator,” Heller explains<a href="https://www.blogger.com/blogger.g?blogID=4901921756265042146" style="mso-comment-date: 20140312T2210; mso-comment-reference: H_1;">, “</a>is that you have to get a product in
front of users quickly, and then aggressively iterate based on user feedback as
you slowly but surely make your product as good as it can be. The cornerstone
of success is listening to your users."</span></span></div>
<div class="MsoNormal">
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<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Y Combinator only recently turned its attention to law startups in
early 2013. His advice to law startup founders who aim for Y Combinator glory
is to talk to others who went through the Y Combinator experience.<span style="mso-spacerun: yes;"> </span>Do practice interviews, really work on that
application so that it’s as clear as day. During the interview, you have to be
formidable, be able to take a beating and still look like a polished CEO. <o:p></o:p></span></span></div>
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<span style="mso-ascii-font-family: Cambria; mso-hansi-font-family: Cambria;"><span style="font-family: Trebuchet MS, sans-serif;">Casetext’s next challenge is just coming up. Heller aims to make the
website inviting enough to more deeply engage community members.</span></span></div>
<div style="mso-element: comment-list;">
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com2tag:blogger.com,1999:blog-4901921756265042146.post-50542831042744640862014-03-06T19:31:00.002-08:002014-03-06T21:06:11.334-08:00A (Realistic) Primer on the Legal and Regulatory Hurdles of Cryptocurrency<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">This article is an expanded version of a 5 minute talk given at the March 4, 2014 Los Angeles Bitcoin Meetup. The article was created for general guidance on matters of interest only, and does not constitute legal advice. You should not act upon the information contained in this publication without obtaining specific advice from an attorney. No representation or warranty (expressed or implied) is given as to the accuracy or completeness of the information contained in this post, and I do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this post or for any decision based on it.</span></div>
<b id="docs-internal-guid-38499a98-9a93-17eb-7838-da7cc9a05ac0" style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Amy Y. is an attorney in Los Angeles, California and can be reached at msamywan at gmail dot com or @amyywan. She advises select startups on legal matters, and how they can procure legal services in alternative ways. (This information is to ensure I am compliant with attorney advertising rules). She blogs in her personal capacity, and the opinions here are her own. </span><br />
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"><br /></span>
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<b style="font-weight: normal;"><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It’s been a rough few weeks for bitcoin. Last week, Tokyo-based Bitcoin exchange Mt. Gox suddenly imploded due to hackers, taking $460 million with it. Their troubles are not over, as their U.S.-based customers have filed a class action against the bankrupt company and its CEO Mark Karpeles to freeze its U.S.-based assets. An then there’s</span></div>
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">FlexCoin, the bitcoin bank who yesterday simply shut down after hackers made off with $600,000 worth of Bitcoin. “As Flexcoin does not have the resources, assets, or otherwise to come back from this loss, we are closing our doors immediately,” the company said in a statement.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It’s daunting to enter the crytocurrency business--on one hand, you have to repel hackers looking to put you out of business on the one hand and a squadron of government regulators threatening lawsuits, fines, and jail time on the other. While I can’t help you with the former issue, I thought I’d give a brief primer on the latter. Cryptocurrency occupies an unenviable amorphous legal and regulatory space. I argue that if those laws and regulations can be clarified, however, it will bring the industry a predictability that can stabilize the market and unlock more investment capital.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">U.S. Regulations</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">First, it’s helpful to understand that the relevant laws applicable to cryptocurrency are intended to prevent money laundering, terrorism, crime, and tax evasion. Indeed, that’s why the Senate Committee on Homeland Security and Governmental Affairs held a hearing on the issue in November 2013. All this political attention on cryptocurrency, though, is a good thing. The overall tone of those hearings were positive and focused on the need to allow innovation, meaning this could give the cryptocurrency industry the political will to fast-track development and clarification of applicable laws and regulations. (The UAV, or commercial drone industry was not so lucky. Although government acknowledged the innovation aspect, that industry has been largely grounded for the next few years, no excuses. They won’t even let you </span><a href="http://techcrunch.com/2014/02/04/the-faa-shuts-down-beer-delivery-drone/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">UAV your friend a beer)</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In the U.S., cryptocurrency companies have to deal with both state and federal regulators. The laws that apply are a bit of an alphabet soup. Ready? AML, BSA, KYC, MSB, OFAC, SAR. If you have a cryptocurrency startup and none of those sound familiar, I fear for you. And if they do, just keep doing what you’re doing. Here are those acronyms decoded:</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">AML: U.S. Treasury Anti-Money Laundering guidelines</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">BSA: Bank Secrecy Act</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">KYC: Know Your Customer (info for AML and sanctions-checking)</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">MSB: Money Service Business</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">OFAC: U.S. Treasury Office of Foreign Asset Control</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">SAR: Suspicious Activity Reporting </span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The Debate</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">There are two major camps over the debate on cryptocurrency regulation. On one hand, some believe that government regulation to be in direct conflict with the very principles that cryptocurrency standards for. On the other, those favoring regulation--including venture capital investors--support the development and clarification of the regulatory frameworks surrounding cryptocurrency companies. Overly strict regulations could hamper innovation. However, as in every industry, regulatory clarity allows predictability and transparency. Companies are better able to assess risk, invest in compliance, and make better business decisions.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Some Recent Clarification</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">On March 18, 2013, the Financial Crimes Enforcement Network (FinCEN), part of the U.S. Department of the Treasury, issued guidance on virtual currencies to clarify the applicability of the Bank Secrecy Act (BSA) to persons (individual, corporation, partnership, etc.), “creating, obtaining, distributing, exchanging, accepting, or transmitting virtual currencies.” </span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The interpretive guidance essentially classified both administrators and exchangers as MSBs, similar to companies such as Western Union. “Administrators” are defined as persons engaged as a business in issuing (putting into circulation) a virtual currency, and who have the authority to redeem (to withdraw from circulation) such virtual currency (e.g. “miners”). “Exchangers” are those engaged as a business in the exchange of virtual currency for real currency, funds, or other virtual currency (e.g. exchange and some wallet companies). </span><a href="http://blog.identitymind.com/general/bitcoin-regulation-anti-money-laundering-compliance/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">IndentityMind</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> does a good job of summarizing the requirements of MSBs:</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<li dir="ltr" style="background-color: white; color: #777777; font-family: Arial; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Each business that meets the definition of an MSB must register with FinCEN (</span><a href="http://www.fincen.gov/financial_institutions/msb/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">www.msb.gov</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">).</span></div>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">MSBs are required to file Suspicious Activity Report (SAR), if knows, suspects, or has reason to suspect that any transaction or activity is suspicious and it involves or aggregates funds or other assets of $2,000 or more ($5,000 or more if identified by issuers from a review of clearance records).</span></div>
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<li dir="ltr" style="background-color: white; color: #777777; font-family: Arial; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">All MSBs are required to develop and implement a BSA Compliance Program that includes the 4 Pillars of AML: (1) Internal Controls, (2) Training, (3) Compliance Officer, and (4) Independent Testing. Strict customer identification verification and </span><a href="http://blog.identitymind.com/general/know-your-customer-transaction-monitoring-bitcoin-exchanges/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">transaction monitoring</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> policies and procedures can be the most effective weapon against money laundering.</span></div>
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<li dir="ltr" style="background-color: white; color: #777777; font-family: Arial; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If an MSB provides either cash-in or cash-out transactions of more than $10,000 with the same customer in a day, it must file a Currency Transaction Report (CTR).</span></div>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Additional, and more detailed information can be found through the following links:</span></div>
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<li dir="ltr" style="background-color: white; color: #777777; font-family: Arial; font-size: 12px; font-style: normal; font-variant: normal; font-weight: normal; list-style-type: disc; text-decoration: none; vertical-align: baseline;"><div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<a href="http://www.fincen.gov/financial_institutions/msb/materials/en/bank_reference.html" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Bank Secrecy Act Requirements</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. A Quick Reference Guide for Money Services Businesses.</span></div>
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<a href="http://www.fincen.gov/financial_institutions/msb/materials/en/prevention_guide.html" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Money Laundering Prevention</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. A Money Services Business Guide.</span></div>
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<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">In addition to federal regulations, 47 states require such businesses to get money-transmitter licenses. The exceptions are Montana, New Mexico, and South Carolina. Cryptocurrency businesses can’t simply move to those states or abroad though — they must be registered in every state in which they do business. Unfortunately, the cost of obtaining these licenses in the whole country, excluding bonding requirements, is approximately $7 million to $10 million a year.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Let’s Be Realistic Here...</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<a href="http://www.theverge.com/2013/12/12/5201636/without-legal-clarity-many-bitcoin-companies-go-unregistered" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">The Verge</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> reports that as of December 2013, only 35 Bitcoin businesses have registered with FinCEN. The U.S. Treasury Department has reportedly reached out to companies it believes needs to register, and state authorities have received numerous inquiries but few registrations. Meanwhile, </span><a href="http://www.businessweek.com/news/2014-01-27/new-york-duels-california-to-write-bitcoin-rules" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">California and New York are still duking it out</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> as to who will set the regulations that other states will follow. New York has proposed a </span><a href="http://www.coindesk.com/community-debates-whats-next-new-york-hearings/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">“bitlicense” regime</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> that may make the money-transmitter license moot in the first place, and California is embroiled in its own </span><a href="http://themonetaryfuture.blogspot.com/2011/05/in-fifty-days-payments-innovation-will.html" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">internal war </span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">over payments innovation. All this is to say that many cryptocurrency companies are in a “wait and see” mode to see how regulations will shake out before they invest too much in actual compliance.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">It’s clear now from the FinCen guidance that existing regulations governing money laundering and terrorism concerns apply to virtual currency operators. What isn’t clear is how much compliance will still allow a derivative startup to feel things out without getting in trouble. Is being somewhat compliant better than zero compliance? There are stories out there in the blogosphere that some cryptocurrency startups that registered with FinCen then ended up hearing from their state regulators. Rather than apply for the expensive money-transmission license, they shuttered their doors. </span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">The reality is that most startups I’ve worked will avoid having to deal with legal stuff until they absolutely have to--and for good reason. Ninety-something percent of these startups won’t make it through the year, so why invest heavily in compliance anyway? Most startups won’t even file incorporation papers until an investor asks them to, and the time and effort required for corporate formation is nil as compared with that of financial regulatory compliance. Given the latest news over Mt. Gox and Flexcoin, companies have to decide whether to allocate their limited resources towards security to ward off hackers, or compliance to ward off the government. It’s a tough position I don’t envy.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
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<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Regardless, the amount of investment for compliance is as much a business decision as it is a legal one. Companies may decide to simply wait until they get </span><a href="http://blogs.reuters.com/financial-regulatory-forum/2014/01/06/u-s-treasury-cautions-bitcoin-businesses-on-compliance-duties-advocate-cites-chilling-effect/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">a warning from the U.S. Treasury Department</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: bold; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">International Approaches to Cryptocurrency</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Before yesterday, experts cited three main approaches to regulating cryptocurrencies. First, the outlaw approach, taken by Russia and China, is a complete ban on cryptocurrency, and the innovations that surround it. The friendly approach has been adopted by the U.S. and EU, in which cryptocurrency is encouraged so long as companies follow the rules. The EU is especially cited as Bitcoin-friendly, and Bitcoin businesses have an advantage in the EU, which has a uniform licensing program for money transmitters governed by the Payment Service Directive. It allows a payment provider regulated in one country to expand into another country under its existing regulations and supervision. The South American countries have also tended to lean towards a friendlier approach due to the volatility in their domestic currencies. </span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">Lastly, there’s the hands-off approach, as was taken by Japan... until yesterday. In reaction to the Mt. Gox fiasco, </span><a href="http://www.reuters.com/article/2014/03/05/us-bitcoin-mtgox-japan-idUSBREA2401220140305" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">Japan announced the taxation and regulation of Bitcoin</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">. Notably, it classifies cryptocurrency as a commodity like gold or silver, and not a currency. Capital gains from trading activities and purchases will be subject to Japan’s 8% tax beginning April 1, as are all purchases made in Japanese Yen. Banks will prohibited from dealing with bitcoins, and securities brokers are also not allowed to facilitate bitcoin trades.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">For more information, </span><a href="http://www.coindesk.com/information/is-bitcoin-legal/" style="text-decoration: none;"><span style="background-color: transparent; color: #1155cc; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: underline; vertical-align: baseline; white-space: pre-wrap;">this Coindesk article</span></a><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> does a great job of breaking down each country’s approach to Bitcoin.</span></div>
<b style="font-weight: normal;"><br /><span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"></span></b>
<br />
<div dir="ltr" style="line-height: 1.15; margin-bottom: 0pt; margin-top: 0pt;">
<span style="background-color: transparent; color: black; font-family: Arial; font-size: 15px; font-style: italic; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;">If you have questions about the legal/regulatory angles of Bitcoin/cryptocurrency, I’d love to hear them. You can tweet me at @amyywan.</span></div>
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<span style="background-color: white; color: #666666; font-family: Arial; font-size: 16px; font-style: normal; font-variant: normal; font-weight: normal; text-decoration: none; vertical-align: baseline; white-space: pre-wrap;"> </span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-19761825404295387892014-02-14T14:58:00.001-08:002014-02-19T17:33:43.852-08:00Plainsite: Putting the Law in Plain Sight<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">A feature on <a href="http://www.plainsite.org/">Plainsite</a> has perhaps been long overdue. I
first met Aaron almost a year ago at the Codex FutureLaw Conference, and every
time I’ve talked to him since, I learn something new. Aaron talks about many of
the useful features of his site below, but I thought I’d point out one of his
sub-projects—the identification of Intellectual Ventures’ many shell companies. If
you hate patent and copyright trolls, all the information on them is there. Do
something with it. Go troll the trolls ;) <i>[Note: this is not to be construed as legal advice. I'm not liable if you decide to do something stupid.]</i><o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7SKTrIovbYH0yQatILio7UZqPveUudO3WDUC5E7Yur7Z9iwjamOrC_ibRTmGSwn7amU0LZ-ale-QZDMX_DdogUUCoDr4iZM-Px7s6aDzsoOCa86C4gFbherpEhVmKv9-PXKdJYCknRsBF/s1600/Screen+Shot+2014-02-14+at+2.54.39+PM.png" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj7SKTrIovbYH0yQatILio7UZqPveUudO3WDUC5E7Yur7Z9iwjamOrC_ibRTmGSwn7amU0LZ-ale-QZDMX_DdogUUCoDr4iZM-Px7s6aDzsoOCa86C4gFbherpEhVmKv9-PXKdJYCknRsBF/s1600/Screen+Shot+2014-02-14+at+2.54.39+PM.png" height="252" width="640" /></a><span style="font-family: Trebuchet MS, sans-serif;"></span></div>
<br />
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Tell me about
yourself.<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I started Think Computer Corporation in 1998 as a freshman
in high school who wanted something to do other than homework. Not too long
after, I encountered my first legal issue: a trademark dispute over my
company’s name. It lasted eight years and cost a lot of money to resolve thanks
to legal fees. I didn’t really find law—it found me. Ever since then, I’ve had
an interest in fixing some of the inefficiencies in the legal system and
learned that trying to do anything significant will make the law rear its head.
Sixteen years later, Think is still a going concern; along with its sister
non-profit, Think Computer Foundation, it runs PlainSite.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Tell me about
<a href="http://www.plainsite.org/">Plainsite</a>.<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">PlainSite aims to present the entire legal system to the
average user in an understandable manner. That’s no small task—our legal system
in the United States is a byzantine labyrinth that has been shrouded in secrecy
for decades by the legal profession. It’s a peculiar kind of secrecy, however,
because much of the information is actually available to the public but hidden
in plain sight—it’s extremely difficult to know where to look in order to connect
the dots. PlainSite now has information about 100 million docket entries in
almost 6 million case dockets spanning federal and state courts and agencies;
2.5 million patent applications (and growing); 5 million companies,
non-profits, government agencies and law firms; over 1 million lawyers; almost
500,000 sections of laws and regulations; over 25,000 judges and examiners, and
plenty of other interesting data. And much like a search engine, there’s just
one box on the home page where you can go and find what you’re looking for.<span style="mso-spacerun: yes;"> </span>Every day
approximately 3,000 individuals use PlainSite to access court case dockets and
documents, look up corporate profiles, investigate intellectual property
assignments, research and annotate federal and state laws, learn about
political donations, and view profiles for judges, lawyers and law firms, among
other features.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What inspired you to
create Plainsite?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">PlainSite started out as a side-project dedicated to legal
transparency. The question I was trying to answer, along with some friends, was
why no one was being prosecuted for the obvious crimes that led to the 2008
financial crisis. (It’s still a good question.) We began by linking social
issues to statutes, but it then became apparent that the statutes themselves needed
to be linked to court cases, since the law is interpreted every day by judges.
Using Aaron Swartz’s PACER data, I was able to put together a database of court
cases, and it grew from there.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What’s innovative
about Plainsite?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Perhaps the single greatest problem with the legal system in
the United States is the lack of freely available information.<span style="mso-spacerun: yes;"> </span>The official PACER database charges $0.10USD
per “page” to access court documents, and many government agencies use different
formats when publishing data, which is hard to find in the first place.<span style="mso-spacerun: yes;"> </span>Simultaneously, the legal system is
unbelievably complex, and so without information on its inner workings, it is
effectively impenetrable to outsiders.<o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">In 2008, information activist Aaron Swartz worked with a
team at Princeton University to liberate hundreds of thousands of dockets from
PACER, but once the information was technically free, not much happened with
it.</span><span style="font-family: 'Trebuchet MS', sans-serif;"> </span><span style="font-family: 'Trebuchet MS', sans-serif;">PlainSite began as a site that could
link social issues to specific sections of the United States Code, but with
Aaron Swartz’s PACER data, it also added court cases for free for the first
time (and linked those same social issues to court cases as well as
statutes).</span><span style="font-family: 'Trebuchet MS', sans-serif;"> </span><span style="font-family: 'Trebuchet MS', sans-serif;">Now, PlainSite pulls in data
not only from PACER via the Princeton RECAP project, but from the GPO, USPTO,
IRS, California WQRB, and a variety of other government agencies to offer a
comprehensive and understandable look at the legal system.</span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">While other paid legal research services do exist, they are
typically priced out of the range of even middle-class individuals, and they
work on the assumption that users know the specific legal terms that they are
looking for.<span style="mso-spacerun: yes;"> </span>PlainSite takes the
opposite approach, grouping information into simple, tabbed profiles that
require less intense searching.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What have been your
greatest challenges thus far?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">The main challenges have been technical and competitive. The
technical challenges stem from the enormous amount of data that PlainSite
tracks; the database is about 70GB right now (and grows every day), which means
that just keeping the site up and running (with a staff of one person) is no
small feat. And that is after filtering and cleaning up data provided by
government agencies that can be 10 or a hundred times as large. It’s truly a
"big data" project. The other challenge has been obtaining more data
and encouraging paid adoption so that the site can be self-sustaining. We have
far more paid subscriptions that we did when we started, but the legal
profession is very slow to adopt new tools given the Lexis/Westlaw oligopoly
that has been in place for some time. And when the government sometimes charges
per page for information, as it does with PACER, it’s that much more difficult
to build a service without significant revenue.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Who have been your
primary customers?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We offer two plans. Most of our customers so far as pro se
litigants, who have signed up for the PlainSite Pro Se plan. It’s a very
inexpensive way to conduct legal research at $9.99 per month. We also have
PlainSite Pro for general counsel and lawyers, which is $99 per month.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">How is your site
different from companies like LexisNexis, Westlaw, Casetext, or Fastcase?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">All those products are focused around general text search,
usually through opinions. While improvements can always be made, those companies
general do a good job with that, and the search tools for opinions are pretty
mature. Plainsite is different because we structure all other data—not just
opinions, but companies, law firms, lawyers, the documents they’re attached to.
We focus on anything that isn’t an opinion.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Plainsite has a ton
of features. Which one are you the most proud of?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">There’s the blog answer, and the nerdy answer. My honest
answer—I’m happy at the fact that it actually works. Behind the scenes, there’s
a lot of work in taking government data with all its typos and errors, and
putting it all together. <span style="mso-spacerun: yes;"> </span>Data from
governmental sources provide information in wildly different formats, so PlainSite
has to clean up the data automatically.<span style="mso-spacerun: yes;">
</span>For example, the United States Patent and Trademark Office (USPTO) has
assignment databases for both patents and trademarks that are compiled from
paper filings.<span style="mso-spacerun: yes;"> </span>In these databases, the
well-known company IBM is referred to over 1,200 different ways due to various
typographical errors and reference mistakes.<span style="mso-spacerun: yes;">
</span>PlainSite is designed to automatically detect and fix such errors.<span style="mso-spacerun: yes;"> </span>Similarly, law firms regularly change names
and cannot be spell-checked since they are named after their partners.<span style="mso-spacerun: yes;"> </span>PlainSite merges the seemingly infinite
variations automatically in many cases.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">But the Motion Sensor feature is the most useful to
consumers. It allows the user to read through a docket and understand how a
certain judge or lawyer general behaves. Motion practice matters a huge amount.
Many cases never get to trial, let alone discovery. Just getting past the
initial hurdles is difficult, and it comes down to whether you can survive a
Motion to Dismiss. It helps to have all evidence at your disposal. Good legal
arguments are important, but so is factual information. If you can find out
additional information about your opponent, their company, their counsel, or
even how the judge responds to such motions, you have a greater degree of
predictability in your case, and the likely outcome of your filing.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">There’s been a lot of
discussion about compiling info on how judges rule on motions. Have any judges
every complained to you about the feature?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Not yet. I did have one federal judge email me saying that
we had confused his profile. When I looked into it, it was because the
information was poor, and he had been linked to another judge with a very
similar name living in the same region, but during the Civil War era. That
judge was eager to not be labeled a Confederate judge.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">Did you ever think
about going to law school?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I thought about it, but decided I’d rather not go. Actually,
if you go back to the confederate judge story, there’s a part of the site that
lists the educational institutions of judges and lawyers. In that time period,
it often lists a judge’s law school as “Read.” This means they sat down with
books and learned the law by reading it, not going to law school. Abe Lincoln
learned that way as well.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b style="mso-bidi-font-weight: normal;"><span style="font-family: Trebuchet MS, sans-serif;">What are your hopes
for the company in the future? For the legal industry?<o:p></o:p></span></b></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I hope that PlainSite really does change the legal
profession by making lawyers more efficient, more affordable, and more
accountable for their actions. I hope that in the future, government agencies
use Plainsite not just to look up stuff, but to run government systems. <o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">For the legal industry, I hope that prices come down. The
end of hourly billing may not be possible, but there needs to at least be a
reduction in prices to make legal services affordable to more people.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
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Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com6tag:blogger.com,1999:blog-4901921756265042146.post-31123042455748872852014-02-06T23:12:00.005-08:002014-02-06T23:12:54.108-08:00Recap of the January LA Legal Innovation Meetup<ul style="background-color: white; color: #222222; font-family: arial, sans-serif;">Lili Daniel, a member of the <a href="http://www.meetup.com/Los-Angeles-Legal-Innovation-Meetup/">Los Angeles Legal Innovation Meetup</a>, posted a <a href="http://community.onelegal.com/bid/104950/Big-Data-s-Effect-on-the-Practice-of-Law">recap</a> on the groups last event "Law Meets Big Data" at the One Legal Blog.</ul>
<ul style="background-color: white; color: #222222; font-family: arial, sans-serif;">Excerpt:<br /><br />'I had the pleasure of joining my first <a href="http://www.meetup.com/Los-Angeles-Legal-Innovation-Meetup/">Los Angeles Legal Innovation/ Legal Hacking Meetup</a> group last Monday, January 27th. It was held at <a href="http://www.indiedesk.com/">IndieDesk</a>, which is a co-working space located downtown on Broadway, between 8th and 9th street. The speaker, Adam Long from <a href="http://www.praedicat.com/">Praedicat Inc.</a>, discussed the effect of big data on the legal field. The first question that popped into my head was: What is big data? Adam mentioned that there is really no standard definition for big data; however, a simplified definition is: “high volumes of data that cannot be analyzed by traditional ways or<br />tools.” The collection of big data can predict future events, upcoming trends, and patterns within the legal field. Adam gave us four examples of how big data impacts law-practice: eDiscovery, legal spending management, litigation management and risk management. [...]'<br /><br />For more details, please see the complete post.<br /><br /><a href="https://twitter.com/amyywan/status/431281804209713152" style="color: #1155cc;" target="_blank"><ul style="background-color: white; color: #222222; font-family: arial, sans-serif; font-size: 13px;"><br /></ul>
</a></ul>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-91575178916988303132014-02-03T20:46:00.000-08:002014-02-03T20:46:59.801-08:00SnapTerms: Applying the Pareto Principle to Internet Law<div class="MsoNormal">
I'm excited about the new crop of law startups that are offering what I like to call "<i>mass customization</i>" or "<i><a href="http://en.wikipedia.org/wiki/Pareto_principle">pareto</a> law</i>". That is, 80% of clients have the same needs, 80% of the contractual language/work is standardized, and it's only the last 20% that's actually customized to a client's needs. Note though that I don't think the 80/20 rule applies to litigation. <a href="http://www.fairdocument.com/">Fairdocument</a> (SF) seems to be doing this for estate planning because, let's face it-- if you're married, have two kids without special needs, and are worth less than a couple million, you probably have the same needs as 80% of the American population. Snapterms (LA) is using the 80/20 rule for terms of service, as co-Founder Hansen Tong explains below.</div>
<div class="MsoNormal">
<b><br /></b></div>
<div class="MsoNormal">
<b>Tell me a bit about yourself.</b><o:p></o:p></div>
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I am the co-founder of <a href="http://snapterms.com/">SnapTerms</a>, and also provide legal
services through my law firm, Kelly Warner Law.<span style="mso-spacerun: yes;">
</span>I specialize in what people call “Internet Law,” so I generally work
with startups, online companies, internet business owners, and internet
marketing firms. I advise clients on terms of service, privacy policies, COPPA,
TCPA, Can-Spam, CDA, and DCMA. My firm also helps with contracts, funding,
corporate governance, and some intellectual property. Essentially, we help
companies with what they deal with on the Internet.<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>Tell me more about SnapTerms.</b><o:p></o:p></div>
<div class="MsoNormal">
SnapTerms is a service that helps users draft terms of
service (TOS) at an affordable price based on a user’s description. We use
software to generate the document and have a lawyer review them. We’re in between
a Legalzoom, which generates automated template, and a full service law firm,
which prepares a customized contract. We have a number of offerings, but the
whole package costs between $300-600. I’ve seen competitors offering both a
terms of service and privacy policy for $1000. <span style="mso-spacerun: yes;"> </span>We also do funny Terms of Service and Privacy
Policies, since normal Terms of Service and Privacy Policies tend to run a bit
on the dry side. At a full service law firm, it could cost up to $10,000. It
just depends on who’s doing it, their experience, and their hourly or flat
rate.<o:p></o:p></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2rZHf3jr_ZkO1oxsNVEXDYvPoeLGAAP7Ggq8izPONu8JoV_3rS00Tx_xUm25Vfx4MgjuADRqxGKmo7zK8pA7rU0YJXLP8EkF63GTk5xEdqx0n9aDi2BzqVMearNiNZavah95Ehn5Gzt46/s1600/Screen+Shot+2014-02-03+at+8.27.39+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEi2rZHf3jr_ZkO1oxsNVEXDYvPoeLGAAP7Ggq8izPONu8JoV_3rS00Tx_xUm25Vfx4MgjuADRqxGKmo7zK8pA7rU0YJXLP8EkF63GTk5xEdqx0n9aDi2BzqVMearNiNZavah95Ehn5Gzt46/s1600/Screen+Shot+2014-02-03+at+8.27.39+PM.png" height="238" width="400" /></a><o:p> </o:p></div>
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<b>Why this workflow?</b><o:p></o:p></div>
<div class="MsoNormal">
It makes things more efficient and keeps costs down. <span style="mso-spacerun: yes;"> </span><o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>How did you guys get started?</b><o:p></o:p></div>
<div class="MsoNormal">
We’ve been operating for about two years. In my regular law
practice, we work with lots of companies, but the rate we charge for drafting
is generally more than what some bootstrapping entrepreneurs are willing to pay.
<o:p></o:p></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<b>What are terms of service? Why and when would an online
business need that?</b> </div>
<div class="MsoNormal">
It’s a contract between you and your online clients or
customers. For example, what if a customer buys something and it breaks? You
need a document that explains your return policy.<span style="mso-spacerun: yes;"> </span>A TOS is basically a relationship document
that outlines a company’s policies and its relationship with its customers. <o:p></o:p></div>
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<br /></div>
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<b>How about privacy policies?</b> </div>
<div class="MsoNormal">
If you do business in California, meaning you are in
California or have a customer in California, it’s required.<span style="mso-spacerun: yes;"> </span>Even if you aren’t doing business in
California, it’s a good idea to have a privacy policy in place. A privacy
policy essentially details to the user how you collect their personal
information, what you collect, what you don’t collect (e.g., user habits or IP
addresses, non-personally identifiable information), how you plan on using that
information, who you plan on sharing it with, what cookies you use, what
tracking you use, where you plan on storing it, how you secure it, and what
rights users have to it. I like to call it the who, what, when, where, and why
document. <o:p></o:p></div>
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<br /></div>
<div class="MsoNormal">
<b>And what are the consequences if you don’t have either one
of these?</b><o:p></o:p></div>
<div class="MsoNormal">
If you don’t have a TOS and get sued, then a court will
interpret your rights. We advise clients not to go that route because the court
can do whatever it wants if there’s no contract. In California, if you don’t
have a privacy policy, the Attorney General could come after you. <o:p></o:p></div>
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<br /></div>
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<b>At what point should an online business get a TOS/privacy
policy then?</b></div>
<div class="MsoNormal">
I would recommend getting a TOS/Privacy Policy before the
website or application goes live. You definitely should have TOS before you
form any relationship with any clients or customers. For the Privacy Policy,
get one before you start collecting any personal or non-personal user
information. <o:p></o:p></div>
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<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9l6exZdlqPRiEbv1k7kwlh4LHkpL5E6Dclm_gr3BHhhCmK8_5V7djDUW6nqgduwO2qFCbjKRzO7ISJrs6SV-iG1ytse_oCxrZkHLgGHtNW8KLGaPlnpHk-1LThsphupnt2oksJ0ldJJy0/s1600/Screen+Shot+2014-02-03+at+8.44.13+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9l6exZdlqPRiEbv1k7kwlh4LHkpL5E6Dclm_gr3BHhhCmK8_5V7djDUW6nqgduwO2qFCbjKRzO7ISJrs6SV-iG1ytse_oCxrZkHLgGHtNW8KLGaPlnpHk-1LThsphupnt2oksJ0ldJJy0/s1600/Screen+Shot+2014-02-03+at+8.44.13+PM.png" height="246" width="400" /></a><b>What the most interesting TOS you’ve come across?</b></div>
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I like <a href="http://about.pinterest.com/terms/">Pinterest’s TOS</a> because they break down the legalese
into little blurbs that decipher the language for average users. Most users
don’t understand the TOS, so anything that can give them clear guidance always
stands out.<o:p></o:p></div>
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<br /></div>
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<b>What is SnapTerm’s greatest challenge?</b> </div>
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We’re looking for funding and trying to expand and diversify
our document offerings. We’ve already gotten past the idea state and are now
thriving but the challenge for us is scaling while making sure that our
customer is satisfied and that we’re doing things the right way.<o:p></o:p></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-90353984322226989292014-02-02T13:10:00.003-08:002014-02-02T13:10:56.991-08:00Upcoming Legal Innovation ConferencesA good number of you are probably going to the <a href="http://www.reinventlawnyc.com/">Reinvent Law conference in NYC next week</a>, but for us West Coasters who can't afford the plane ticket, Stanford is hosting the <a href="https://conferences.law.stanford.edu/futurelaw2014/speakers/">FutureLaw 2014 </a>conference in May. Agenda below.<br />
<br />
<h2 class="pagetitle" style="background-color: white; font-family: 'Lucida Grande', Geneva, Helvetica, sans-serif; font-size: 18px; font-weight: lighter; letter-spacing: 1px; line-height: 1.5em; margin: 0px; padding: 0px 0px 12px; text-transform: uppercase;">
AGENDA</h2>
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<div style="padding: 0px 0px 1em;">
<b style="line-height: 1.5em;"><i>9:00 AM – 9:30 AM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b style="line-height: 1.5em;"><i>Opening Keynote: : “The Future of Lawyers: From Denial to Disruption” – <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Susskind" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Richard Susskind</a></i></b></div>
<div style="padding: 0px 0px 1em;">
In his keynote address, Richard Susskind will argue that three factors – cost, liberalisation, information technology – will combine in the coming decade to transform the way in which legal services are provided. He will explain and discuss the implications of commoditisation and decomposition of legal services, and suggest various techniques for the alternative sourcing of legal work. He will offer long-term predictions for the new legal landscape, including the future for law firms and law schools, the shifting role of in-house lawyers, the relevance of new competitors, the impact of disruptive technologies, the emergence of online legal services, and the coming of virtual hearings and online dispute resolution. Throughout, he will support his claims through case studies draw from within and beyond the legal profession. Looking longer term, Susskind will outline the likely implications for the law of artificial intelligence, pervasive mobile computing, and great increases in computing power.</div>
<div style="padding: 0px 0px 1em;">
<i>Professor Susskind will be participating remotely.</i></div>
<div style="padding: 0px 0px 1em;">
___________________________________________________________</div>
<div style="padding: 0px 0px 1em;">
<b><i>9:30 AM – 10:30 AM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Forging an Open Legal Document Ecosystem</i></b></div>
<div style="padding: 0px 0px 1em;">
The legal industry is an information industry. However, lack of access to data hinders continued innovation and inhibits the creation of whole categories of technologies. How do we unlock this data? What are the benefits of a more open data ecosystem for the law, and what are the threats?</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Carver" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Brian Carver</a>, Free Law Project</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Bruce" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Thomas Bruce</a>, Legal Information Institute</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Sawaya" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Paul Sawaya</a>, Restatement</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Bay" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Monica Bay</a>, Law Technology News (moderator)</div>
<div style="padding: 0px 0px 1em;">
<b><i>___________________________________________________________</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>11:00 AM – 12:00 PM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Managing Legal Marketplaces</i></b></div>
<div style="padding: 0px 0px 1em;">
By now, a generation of new legal businesses have emerged to disaggregate the traditional law firm model. The result is a number of vibrant legal marketplaces: lawyers as free agents competing in an open marketplace online to offer services. How are these marketplaces managed? And, where do they go into the future?</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Faustman" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Matt Faustman</a>, Upcounsel</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Abyanker" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Raj Abyanker</a>, Legal Force</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Hartman" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Eddie Hartman</a>, Legalzoom</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Britton" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Mark Britton</a>, Avvo</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Boehmig" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Jason Boehming</a>, Fenwick and West (moderator)</div>
<div style="padding: 0px 0px 1em;">
___________________________________________________________</div>
<div style="padding: 0px 0px 1em;">
<b><i>1:00 PM – 2:00 PM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Rebuilding Legal Education</i></b></div>
<div style="padding: 0px 0px 1em;">
Many voices have railed against the classic curriculum of law school, but a consensus has yet to emerge as to what will replace it. How will the increased prevalence of legal technology shape legal training? How does law school look different in a world with greater automation, open data, and more empowered clients?</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Lauritsen" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Marc Lauritsen</a>, ABA</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Granat" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Richard Granat</a>, Granat Legal Services</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Orsi" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Janelle Orsi</a>, Sustainable Economies Law Center</div>
<div style="padding: 0px 0px 1em;">
* Jason Solomon (moderator)</div>
<div style="padding: 0px 0px 1em;">
___________________________________________________________</div>
<div style="padding: 0px 0px 1em;">
<b><i>2:30 PM – 3:30 PM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Legal Technology in the Public Interest</i></b></div>
<div style="padding: 0px 0px 1em;">
<span style="line-height: 1.5em;">Lawyers and companies alike tend to focus on the commercial aspects of legal technology. However, legal technology also holds the potential to improve access to justice and reinvent some of the classic problems that have dogged public interest legal services. This panel examines the latest, and raises case studies that explore the use of these technologies to produce broader societal good.</span></div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Staudt" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Ronald W. Staudt</a>, Apps for Justice</div>
<div style="padding: 0px 0px 1em;">
* Margaret Hagan, Institute of Design at Stanford</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Kimbro" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Stephanie Kimbro</a>, Indiana Legal Services</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Malone" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Phil Malone</a>, Stanford Law School (moderator)</div>
<div style="padding: 0px 0px 1em;">
___________________________________________________________</div>
<div style="padding: 0px 0px 1em;">
<b><i>4:00 PM – 5:00 PM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Legal Ethics in the Age of Machines</i></b></div>
<div style="padding: 0px 0px 1em;">
While the coming wave of automation in the legal industry creates many new opportunities, it also raises a host of novel concerns in legal ethics and in the unauthorized practice of law. Is our existing framework around the professional regulation of lawyers adequate? What should the ethical responsibilities be for those designing automated systems that engage in legal action? What can we learn from the democratization of legal services more generally online?</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Surden" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Harry Surden</a>, Colorado Law School</div>
<div style="padding: 0px 0px 1em;">
* Deborah Rhode, CLP</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Spaulding" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Norm Spaulding</a>, Stanford Law School</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Hornsby" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Will Hornsby</a>, ABA</div>
<div style="padding: 0px 0px 1em;">
* <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Hwang" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Tim Hwang</a>, Robot Robot & Hwang (moderator)</div>
<div style="padding: 0px 0px 1em;">
___________________________________________________________</div>
<div style="padding: 0px 0px 1em;">
<b><i>5:00 PM – 5:30 PM</i></b></div>
<div style="padding: 0px 0px 1em;">
<b><i>Closing Keynote – <a href="http://conferences.law.stanford.edu/futurelaw2014/speakers-2/#Genesereth" style="border-bottom-color: gray; border-bottom-style: dotted; border-bottom-width: 1px; color: #555555; cursor: pointer; outline-style: none; text-decoration: none;">Michael Genesereth</a></i></b></div>
<div style="padding: 0px 0px 1em;">
<i>Description is forthcoming. </i></div>
</div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com2tag:blogger.com,1999:blog-4901921756265042146.post-59083990744265567572014-02-01T20:23:00.001-08:002014-02-01T20:23:44.780-08:00Two articles on legal ethics and advertising<a href="http://www.newyorklawjournal.com/id=1202638013943/Attorney-Advertising-in-the-Digital-Age">Attorney Advertising in the Digital Age</a><br />
<br />
and in reaction,<br />
<br />
<a href="http://kevin.lexblog.com/2014/02/01/legal-ethics-are-blogs-governed-by-advertising-rules/#.Uu27AAZuhYM.twitter">Are Blogs Covered by Advertising Rules?</a>Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-1891996158520857512014-01-30T18:36:00.001-08:002014-02-03T16:13:31.967-08:002013 Movers and ShakersThe year in law startup funding....<br />
<br />
February 2014<br />
Ravel Law <a href="http://venturebeat.com/2014/02/03/ravel-law-raises-8m-to-help-lawyers-gather-data-and-cut-costs-in-a-new-way-exclusive/">raises $8.1M </a>in funding<span style="font-family: georgia, serif;"><span style="line-height: 25px;">.</span></span><br />
<br />
January 2014<br />
In early January 2014, Los Angeles law startup grandpa LegalZoom made a $425M deal to sell roughly half of the company to a private equity firm, thereby giving up on its IPO dreams. PandoDaily has an extensive analysis and reaction <a href="http://pando.com/2014/01/06/the-legalzoom-deal-is-a-win-for-vcs-but-less-exciting-for-the-company-or-la/">here</a>. Apparently the Los Angeles startup scene is underwhelmed.<br />
<br />
December 2013<br />
Late November 2013, newcomer NYC-based Shake Law <a href="http://techcrunch.com/2013/11/20/shake-raises-3m-to-deliver-simple-legal-agreements-to-your-smartphone/">raised $3M</a>.<br />
Intuit acquires small-business document repository LA-based <a href="http://techcrunch.com/2013/12/04/when-good-things-happen-to-good-people/">DocStoc</a>.<br />
SF-based LawPal <a href="http://techcrunch.com/2013/12/06/sparklabs-global-ventures-closes-first-investments-in-lawpal-and-memebox-adds-brian-behlendorf-and-jonathan-teo-as-advisors/">raises $400K</a>.<br />
<br />
October 2013<br />
Y-Combinator's first law startup <a href="http://www.prweb.com/releases/2013/11/prweb11286247.htm">LawDingo (NYC) received more funding, raising $850K to date</a>.<br />
SF-based Y-Combinator startup Wevorce <a href="http://techcrunch.com/2013/11/21/wevorce-funding/">raises $1.7M</a>.<br />
SF-based <a href="http://techcrunch.com/2013/10/02/upcounsel-1-5-million/">Upcounsel raises $1.5M</a>.<br />
Y-Combinator backed Casetext raises $1.7M<br />
<br />
July 2013<br />
LegalReach raises <a href="http://venturebeat.com/2013/07/30/legalreach-opens-its-attorney-network-to-anyone-secures-800k-exclusive/">$900K</a>.<br />
<br />
June 2013<br />
CBInsights <a href="http://www.cbinsights.com/blog/trends/legal-tech-venture-capital">releases study</a> on funding of legal tech startups<br />
<br />
May 2013<br />
SF-based <a href="http://blogs.wsj.com/venturecapital/2013/05/28/khosla-ventures-peter-thiel-back-legal-research-startup-judicata/">Judicata raised $2M</a> from investors, including Peter Thiel of Paypal<br />
Lex Machina closes <a href="https://lexmachina.com/media/press/series-a-funding/">$4.8M Series A funding</a><br />
RocketLawyer <a href="http://techcrunch.com/2013/05/13/online-legal-services-platform-rocket-lawyer-raises-15-million/">acquires LawPivot, raises $15M</a><br />
<br />
April 2013<br />
Wevorce and LegalForce give law startup <a href="http://www.youtube.com/watch?v=XgNIZNjk08c">demos</a><br />
<br />
March 2013<br />
Y-Combinator accepts its first law startup LawDingo<br />
<br />
February 2013<br />
LegalForce <a href="http://www.elawyeringredux.com/2013/02/articles/clickandmortar/legalforce-store-offers-walkin-lawyer-access-in-palo-alto/">opens</a> it's walk-in office<br />
<br />
<br />
It sounds like a few other deals are in the works for this year, so we hope to hear publicly soon. 2014 should be an interesting year for law startups!Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-56482563729716964662014-01-21T18:19:00.002-08:002014-01-21T18:19:44.648-08:00Open Data Day-- Saturday, Feb. 22, 2014<span style="font-family: Times, Times New Roman, serif;">This looks interesting! Robert Richards says that "<span style="background-color: white; color: #222222;">Legal data projects are usually worked on during Open Data Day, so this</span><span style="background-color: white; color: #222222;"> </span><span style="background-color: white; color: #222222;">event may be of interest." </span>More information <a href="http://opendataday.org/">here</a>:</span><br />
<br />
'Open Data Day is a gathering of citizens in cities around the world to writeapplications, liberate data, create visualizations and publish analyses using open public data to show support for and encourage the adoption open data policies by the world's local, regional and national governments.<br />
<br />
These hackathons, like small pieces, will be loosely joined by 5 basic principles.<br />
<br />
It can be as big or as small, as long or as short, as you'd like it.<br />
<br />
Ottawa's open data community attracts a diverse crowd of people to hackathons, with whole families coming out. In the UK groups have done amazing work getting young and diverse group hacking. Veteran hackers have said it over and over again: Our movement is stronger when it is broader.<br />
<br />
Want to help organize one in your city and/or participate? Add your name to the relevant city on the wiki. Let's try to keep it to one event per city, build some community and get new people together.<br />
<br />
Could be a local or global app, a visualization, proposing a standard for common data sets, scraping data from a government website to make it available for others or even creating your own data catalog of government data.<br />
<br />
Each city's hackathon should do at least one demo, brainstorm, proposal, or anything that it shares in an interactive way with at members of a hackathon in at least one other city. This could be via video stream, skype, by chat... anything but let's get to know one another and share what we are hacking on. There may be some challenges to making this work: timezones, languages, culture... but who cares, we are problem solvers, let's make it work.<br />
<br />
Again, let's not try to boil the ocean. Let's have a bunch of events, where people care enough to organize them, and try to link them together with a simple short connection/presentation. Above all let's raise some awareness, create something, and have some fun.<br />
<br />
A lot will be going on. So... expect to:<br />
<br />
Learn more about open data.<br />
Find out how your local and national government could do more to release open data.<br />
Engage local non-profits and companies in the uses of open data for the products and missions<br />
Meet & network with tons of cool people in your city and around the world.<br />
Voice your opinion & share your ideas with the people and media attending.<br />
Find out about apps being created, and get to play around with them as well.<br />
Help out with parts of the conceptualization, creation, design, advertisement and testing of apps.<br />
Conduct an open tutorial sessions around using open data,like learning how to customize google maps to show the data you want to show.<br />
Have lots and lots of fun.<br />
<br />
Anything! Bring your laptops, mobile phones, phasers set to stun, etc. but above all, your energy and your brains! We’re trying to make this event very hands on, so feel free to bring all your wacky geektronics so that you can participate in all the fun. Don't worry if you don’t bring anything since there will still be tons of stuff to do.'Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-20566297822238588172014-01-18T16:38:00.001-08:002014-01-18T16:59:59.636-08:00Happy New Year, and a few changes<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;">When you're through changing, you're through. --Bruce Barton</span></i></div>
<br />
Happy 2014 Readers!<br />
<br />
My apologies for not updating in awhile. Life's been busy with moving, moving again, and wedding planning. It's been an incredible last few months, and I wanted to say thanks to all my readers. I could never have imagined that blogging on a nerdy, minute subject that most people have never heard about could yield over 2500 views in under two months. That may not sound like a lot to you, but considering the subject, I'm very surprised.<br />
<br />
Secondly, after a bit of both personal and professional reflection, I want to let you all know that I'll be making some slight changes to the scope of the blog.<br />
<br />
You see, when I set out to interview law startups, I wanted to learn what lessons, failures, and successes those already operating law startup had learned. From the interviews this past year, it's pretty clear-- building a sustainable business model is the biggest challenge, hands down. I guess it doesn't take a genius to figure that one out, since that's the biggest challenge of any startup in general.<br />
<br />
Since August 2013, I've contacted and/or interviewed numerous law startups. Some have had a writeup, others never got back to me (boo), and still more are out there working on the next great thing. I've come across more legal marketplace ideas than I could have imagined existed. At the same time, I presume readers may get bored reading about marketplace after marketplace.<br />
<br />
At the same time, from both readers and meetup attendees, I've noticed that this blog has attracted two crowds-- one is, of course, those who call themselves legal hackers, and are passionate about legal innovation and changing the legal industry through technology and a different mental lens; the other is the group of newly minted and somewhat displaced lawyers looking for opportunity given that the legal market fell out during the recession.<br />
<br />
Since I'm in the process of reinventing my career as well, I started thinking about what opportunities these young and hungry lawyers might do well to think about. Around Christmas, I happened across <a href="http://hbs1963.com/%E2%80%8E">If I Knew Then</a>, a website with advice on careers, finance, and life from Harvard MBA grads from the Class of 1963. A few pieces from the career section stuck out at me:<br />
<span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><i><br /></i></span>
<br />
<div style="text-align: center;">
<span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><i>Go where things are changing — or about to change. </i></span></div>
<div style="text-align: center;">
<span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><i>Quietly but firmly get ahead of that wagon.</i></span></div>
<div style="text-align: center;">
<span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><i>-THOMAS E. REILLY JR.</i></span></div>
<div style="text-align: center;">
<br /></div>
and this:<br />
<br />
<br />
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;">In the middle 1950s, when I graduated from high school, the United States was producing 50 percent of the world’s GNP. It was the world’s factory for sophisticated goods — autos, trucks, farm machinery, appliances, railroad equipment, machine tools, and industrial equipment of all kinds. General Motors, Ford, and Chrysler were world giants. Most of the factories were in the “industrial heartland” of the country, including my home state of Ohio. I went to the Harvard Business School thinking I wanted to be an executive in a manufacturing company.</span></i></div>
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><br /></span></i></div>
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;">After 10 years of slogging, I left manufacturing for an agribusiness and natural resources company. Being repotted was a success. I enjoyed being the CEO and building the new company.</span></i></div>
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><br /></span></i></div>
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;">In hindsight, I realize the lack of real opportunity in my early career was not due to any mistakes I made or to company politics. It was because the opportunities in a declining industry are so constrained, especially compared to an industry that is growing rapidly. With declining growth, companies and their executives become defensive. They do not take risks, and they focus on preserving the status quo.</span></i></div>
<div style="text-align: center;">
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;">--SCOTT SPANGLER</span></i><br />
<i><span style="color: #660000; font-family: Georgia, Times New Roman, serif;"><br /></span></i></div>
<br />
These new attorneys (or I, for that matter) could go work for a traditional law firm and spend 10 years of billable hours working to gain expertise and authority, and hope that the billable hour survives beyond complex litigation. But I personally can't fathom that. In the, oh, two weeks I've been on indeed.com and craigslist, the positions out there look depressingly boring. And so, I started thinking about where I might be able to gain expertise and authority quickly in something new and exciting. The answer to that--wherever there's <i><b>change</b></i>. Be it healthcare law (with the wave of change from Obamacare) or the developing standards and regulations around drones, cloud computing, or data privacy, these are the places new lawyers should be looking if they want to quickly build expertise, authority, and autonomy. (It goes without saying that they should actually be interested in those topics)<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDrBRojDVH2OpnMvE7NqmgzjOe2UbjBYt7wipnMC-h0Imj7nOu7BaJ1_DpiGtVHu0A9alWZY9D3Mg5YrFjZALiZZMaSUnh4cTpm_MTZeBlMgW_zeTEmhCiTiglbPB8GgHJ3XAkjGMh3fgs/s1600/change.jpg" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjDrBRojDVH2OpnMvE7NqmgzjOe2UbjBYt7wipnMC-h0Imj7nOu7BaJ1_DpiGtVHu0A9alWZY9D3Mg5YrFjZALiZZMaSUnh4cTpm_MTZeBlMgW_zeTEmhCiTiglbPB8GgHJ3XAkjGMh3fgs/s1600/change.jpg" height="240" width="320" /></a></div>
<br />
So for 2014, I'd like to broaden the scope of this blog. Aside from law startups and the legal hacking movement, I'm going to make an effort to learn more about emerging fields where law and technology intersect. That's not to say I'm ditching the whole law startup thing--I only hope to inspire those in the latter category with hope that there is so much opportunity out there for the taking. After all, I truly believe that with the power of the Internet, nowadays, your career is what you make of it.<br />
<br />
One last note for all you job seekers (including me): There's always change in every legal field, usually through a change in laws or regulations. Be mindful, though, of the lifetime of that change. Immigration reform work via the Dream Act, while wonderful, will probably bring an onslaught of transactional works, but only for a limited time. Same goes for mortgage backed securitys (MBS) litigation. The work is great now, but won't last forever. (I'm no expert in either of those fields though, so just take the general thought in case I'm wrong)<br />
<br />
Just keepin' it real,<br />
AmyAmy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com1tag:blogger.com,1999:blog-4901921756265042146.post-51610572205573842932013-12-03T13:57:00.000-08:002013-12-03T13:57:06.844-08:00Volunteer for CA State Bar Committee Appointments<span style="font-family: Trebuchet MS, sans-serif;">One great way to encourage innovation in the legal profession is to lead the legal profession. The CA State Bar is looking for about 200 volunteers to fill positions on numerous committees, boards and commissions. See the CA State Bar's posting below.</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">http://www.calbarjournal.com/December2013/TopHeadlines/TH5.aspx</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<h1 style="background-color: white; font-size: 22px; margin: 0px 0px 0.5em;">
<span style="font-family: Trebuchet MS, sans-serif;">State Bar committees need volunteers</span></h1>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">The State Bar is recruiting about 200 dedicated volunteers to fill about 200 positions on more than three dozen committees, boards and commissions. Groups with open positions range from committees dealing with access and fairness issues to section executive committees focused on particular areas of the law to a committee addressing questions of professional responsibility and conduct.</span></div>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">If your interest is the day-to-day delivery of legal services to poor and middle-income individuals, administering the IOLTA program and exploring ways to improve access to civil justice, positions on legal services committees are also available. Most of the appointments carry a three-year term. You can get an application by calling the bar’s appointments office at 415-538-2370 or by faxing 415-538-2305. The deadline to apply for most positions is Feb. 3, 2014.</span></div>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">A complete list of openings, application forms and detailed committee information are available at the State Bar’s website at <a href="http://www.calbar.org/appointments" style="color: #174c93; text-decoration: none;">www.calbar.org/appointments</a>. Applicants can apply to up to three committees, but can only be appointed to one. The State Bar’s Board of Trustees will make the appointments between May and July 2014, and committee terms begin Sept. 14, 2014.</span></div>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">The committees seeking applicants include:</span></div>
<ul style="background-color: white; color: #333333; font-size: 15px; margin: 0px 0px 2px 20px; padding: 0px 0px 4px 20px;">
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">Courts/administration of justice committees which review proposed changes in civil procedure, alternative dispute resolution, appellate and federal rules, procedures and practices, as well as comment on proposed legislation governing these issues</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">Insurance committees, which act as counsel to the board of trustees on insurance matters and oversee the bar’s member group insurance programs, including life, accidental death and dismemberment, disability, personal auto and homeowners, long-term care, workers’ compensation and professional liability</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">Regulatory committees such as the <strong>Committee of Bar Examiners</strong>,<strong>Committee on Mandatory Fee Arbitration</strong> and <strong>Legal Specialization</strong>commissions, which are established by statute and oversee mandated admission, arbitration and certification programs of the State Bar</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">The Council on Access and Fairness, which is devoted to increasing diversity in the legal profession</span></li>
</ul>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">Other positions are also open on bar committees:</span></div>
<ul style="background-color: white; color: #333333; font-size: 15px; margin: 0px 0px 2px 20px; padding: 0px 0px 4px 20px;">
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">Six positions will open on the <strong>American Bar Association</strong> <strong>House of Delegates</strong> next August. State Bar delegates serve two-year terms and may serve three consecutive terms. The State Bar does not reimburse its delegates for travel or meeting expenses. All applicants, including incumbents seeking reappointment, must file the 2014-15 application form by Feb. 3.</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">In addition, two lawyer positions on the <strong>Judicial Council</strong> will become vacant. Members serve staggered three-year terms that run from Sept. 15 to Sept. 14. Applicants must file the 2014-15 State Bar application by Feb. 3.</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">The <strong>Commission on Judicial Nominees Evaluation</strong> will have 15 openings on its 2015 roster. Applications are due by June 2, 2014 for terms that begin Feb. 1, 2015.</span></li>
<li style="line-height: 24px; list-style-type: disc; margin: 1px 0px 0px; padding: 2px 0px;"><span style="font-family: Trebuchet MS, sans-serif;">In addition, two positions will open on the 2015 <strong>Lawyer Assistance Program Oversight Committee</strong>. Members serve four-year terms that can be renewed. All applicants, including incumbents seeking reappointment, must file the 2014-15 application form by June 2, 2014.</span></li>
</ul>
<div style="background-color: white; color: #333333; font-size: 15px; line-height: 24px; padding: 3px 0px 12px;">
<span style="font-family: Trebuchet MS, sans-serif;">More information about these appointments and application requirements is available on the State Bar website under <a href="http://cc.calbar.ca.gov/CommitteesCommissions/OtherEntityAppointments.aspx" style="color: #174c93; text-decoration: none;">Other Entity Appointments</a>.</span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-82556980989188785582013-11-07T00:47:00.000-08:002013-11-07T00:47:25.228-08:00Slide Decks for Seattle and LA Legal Tech & Innovation Meetups<span style="font-family: Trebuchet MS, sans-serif;"><span style="background-color: white; color: #222222;">Dan Lear and Janelle Milodragovich have posted the slides </span><span style="background-color: white; color: #222222;">that they presented last week at the first meeting of the <a href="http://www.meetup.com/Seattle-Legal-Innovation-and-Technology-MeetUp/">Seattle Legal Innovation and Technology Meetup</a>, in Seattle, Washington <a href="http://www.slideshare.net/RightBrainLaw/legal-tech-inno-sea-102913-final">here</a>.</span></span><br />
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;">I also posted the slides from the first <a href="http://www.meetup.com/Los-Angeles-Legal-Innovation-Meetup/">LA Legal Innovation Meetup</a> meeting last month <a href="http://www.slideshare.net/AmyYWan/la-legal-innovation-10-913">here</a>.</span></div>
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;">Other legal hacking, technology, or innovation groups are listed at <a href="http://legalinformatics.wordpress.com/2013/09/12/legal-hacking-technology-and-innovation-groups/" style="border: 0px; color: #6611cc; cursor: pointer; margin: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" target="_blank">http://legalinformatics.<wbr></wbr>wordpress.com/2013/09/12/<wbr></wbr>legal-hacking-technology-and-<wbr></wbr>innovation-groups/</a></span></div>
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span></div>
<div style="background-color: white; border: 0px; color: #222222; margin: 0px; padding: 0px; vertical-align: baseline;">
<span style="font-family: Trebuchet MS, sans-serif;">HT Dan Lear, Robert Richards</span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-38629852037626188462013-10-30T11:06:00.001-07:002013-10-30T11:12:59.210-07:00Lawdingo Raises $690K<span style="font-family: Trebuchet MS, sans-serif;">Congratulations to Nikhil Nirmel of Lawdingo, who just raised $690K! You can read more at the TechCrunch article <a href="http://techcrunch.com/2013/10/30/lawdingo-fundingo/">here</a>, and read our previous interview with him <a href="http://thelegalpioneer.blogspot.com/2013/09/lawdingo-non-lawyer-non-engineer.html">here</a>.</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="font-family: Trebuchet MS, sans-serif;">Juicy bits here:</span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><br /></span>
<span style="background-color: #f9f9f9; color: #3e433e; line-height: 26px;"><span style="font-family: Trebuchet MS, sans-serif;"><i>The new funding comes from angel investors (and funds run by angel investors) including Nathaniel Stevens, Kartik Hosanagar, Gene Alston, Altair Capital, Atsany Captial, and Andrew Moroz. It brings Lawdingo’s total funding to $850,000.</i></span></span><br />
<span style="font-family: Trebuchet MS, sans-serif;"><i><br /></i></span>
<br />
<div style="background-color: #f9f9f9; box-sizing: border-box; color: #3e433e; line-height: 26px; margin-bottom: 1em; padding: 0px;">
<span style="font-family: Trebuchet MS, sans-serif;"><i>One of the more popular features [...] is the ability to “get a call now” — Lawdingo can instantly connect users with a relevant lawyer by phone. Lawyers provide Lawdingo with their availability, so when a request comes in, the system reaches out to the ones who are available and have relevant expertise until it finds one who’s free to talk.</i></span></div>
<div style="background-color: #f9f9f9; box-sizing: border-box; color: #3e433e; line-height: 26px; margin-bottom: 1em; padding: 0px;">
<span style="font-family: Trebuchet MS, sans-serif;"><i>The business model has also been tweaked, with Lawdingo abandoning a plan where lawyers bid to promote their listings. The company has since gone back to the flat subscription fee that it started out with.</i></span></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0tag:blogger.com,1999:blog-4901921756265042146.post-17750521598868501252013-10-29T08:27:00.000-07:002013-10-29T09:25:27.995-07:00MyRight, LegalCrunch, Legitimo: A Journey of Two Serial Legal Entrepreneurs<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I really enjoyed this next interview with NYC-based Keval Amin and Nikhil </span><span style="background-color: white; color: #444444; line-height: 17.77777862548828px;"><span style="font-family: Trebuchet MS, sans-serif;">Jhunjhnuwala. They're already on project number three of what I'm sure will be many more exciting law startup projects to come.</span></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><b>Tell me about yourselves</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We’ve known each other since fifth grade, since we lived a
couple of houses away from each other. I think we met on the school bus. We
also both went to Rutgers together, and then parted ways—Keval went to design
school, and Nikhil went to law school at USC. Keval’s original idea was to do
industrial design for things like plates and silverware. While learned about
that process, he learned about how business works. Nikhil was in law school for
his 1L year and realized that the law isn’t very complicated—it just needs to
be simplified for lay people.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<a href="http://static.squarespace.com/static/50ef41abe4b07ac9a3e4c50f/t/51f7c6e7e4b0edb7a3076acd/1375192808225/expungement1-article2.png?format=300w" imageanchor="1" style="clear: left; float: left; margin-bottom: 1em; margin-right: 1em;"><img border="0" height="320" src="http://static.squarespace.com/static/50ef41abe4b07ac9a3e4c50f/t/51f7c6e7e4b0edb7a3076acd/1375192808225/expungement1-article2.png?format=300w" width="255" /></a><span style="font-family: Trebuchet MS, sans-serif;"><b>I know you guys have a lot of projects going on, so tell me
about those.</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">In 2011, our first company was MyRight—a WebMD of law. WebMD
has a symptom checker, and Nikhil had this idea of seeing whether the common
person could put in symptoms and get an answer. Through talking to Keval, we
were able to synthesize something real.<span style="mso-spacerun: yes;">
</span>We got into StartEngine, an LA accelerator program, for that, and were
able to get cash and mentorship to shape the company. We were too ambitious
though, and really needed more cash than we’d originally thought. After the
technical cofounder left in January 2013, we decided to pivot.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We then started LegalCrunch, an expungement service. For
those unfamiliar with expungement, if you have a criminal record, expunging the
record essentially clears criminal history from public record. We developed in
a matter of weeks an automated system where people with criminal records can
take an eligibility test using several factors to determine whether we can help
them with their expungement. If so, the system will generate paperwork for the
customer to sign and mail. In less than a year, we’re already generating
revenue with LegalCrunch in just New Jersey and Ohio.<o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;">Recently, we created Legitimo, a mobile app targeting the
Spanish-speaking population that helps people do contracts. It came randomly—we
had just moved to New York, and there was a Spanish-language themed hackathon
sponsored by a Latino organization. We wanted to get involved in the startup
scene, so we showed up and came up with the idea at the Hackathon. The app can
create a simple contract in under a minute in both Spanish and English.<o:p></o:p></span></div>
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<br /></div>
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdtQp5iLihZMYMBJrIXjwCzr3qjlHKnr643hosm8JebKJkjn0USfPBcAMLVK5F5t4-y_17-0WEaXEOaGJSk7IAr2dvRsI4yk-XnPvZIaCUgxIIqQTkQdaXqugDyXdsxGIMRJCU3H47pcVv/s1600/Screen+Shot+2013-10-28+at+2.18.17+PM.png" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="215" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdtQp5iLihZMYMBJrIXjwCzr3qjlHKnr643hosm8JebKJkjn0USfPBcAMLVK5F5t4-y_17-0WEaXEOaGJSk7IAr2dvRsI4yk-XnPvZIaCUgxIIqQTkQdaXqugDyXdsxGIMRJCU3H47pcVv/s320/Screen+Shot+2013-10-28+at+2.18.17+PM.png" width="320" /></a><span style="font-family: Trebuchet MS, sans-serif;">Legitimo is Spanish for “legit.” In our market testing, the
latino community would read our company name and understand it. In fact, our
tagline is “it’s legit.” <o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We’re targeting a demographic that tends to be a cash-based
community that really needs legal protection. When Nikhil was in law school he
used to volunteer at several legal aid clinics, and anyone who spoke Spanish
was an invaluable asset.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Tell me a bit about what you learned from the MyRight
experience.</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We learned so much, it’s hard to know where to begin. By
far, we learned that failing is not a reason to stop doing what someone is
really passionate about. We could have quit when our tech cofounder left, but
we’re passionate about legal innovation and creating a company. After just one
month of LegalCrunch, we were already making small amounts of revenue. We also
got a lot of perspective—there’s lots of room for innovation in law, but it’s
also more difficult to introduce that innovation than in other industries.
Lawyers and bar associations push back, and you have to deal with lawyers who are
litigious by nature. But despite all the obstacles, we still stay because of
the potential for impact and change.<o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><b>Now that you’re done with MyRight, do you think a WebMD of law
is feasible? </b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">I think it’s feasible. It takes a lot more investment of
resources and energy than we initially thought it would. MyRight is something
we’d like to put out there and integrate with something we do in the future. It’s
not very far-fetched or crazy technology. Others are doing something similar in
a narrower sense. Our biggest weakness was that we lacked a business model—we
were giving people free information, but there was no solid business plan at
the time, so we had to pivot. Whereas with LegalCrunch, we put a website up and
created a kit in a few weeks without too much planning. <o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><b>Expungements have a very narrow target market. How do you
advertise?</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We’ve learned to respond to the things our target
demographic looks for. Whereas MyRight targeted a board range of legal topics,
LegalCrunch is narrower. We write articles to be ranked in SEO by Google, and
are also using Pay Per Click (PPC). We also partner with lots of
lawyers—usually solo practitioners.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Are you looking to expand into other topics aside from
expungement? </b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Maybe later. We’re using expungement as an entry point into
document automation, but there’s already a lot on our plate.<o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><b>Why did you start off in New Jersey and Ohio?</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We’re from New Jersey. Ohio recently passed an expungement
law that made more people eligible than before, so it was a good opportunity.<o:p></o:p></span></div>
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<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>How does UPL figure into your startup? </b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">You have to address UPL if you are a law startup, but we’re
not practicing law. We are an information service and document preparation
service.<o:p></o:p></span></div>
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<span style="font-family: Trebuchet MS, sans-serif;"><b>What’s been your greatest challenge?</b><o:p></o:p></span></div>
<div class="MsoNormal">
<a href="http://static.squarespace.com/static/50ef41abe4b07ac9a3e4c50f/t/51f5d394e4b0072140070cb4/1375064980725/logodino.png?format=500w" imageanchor="1" style="clear: right; float: right; margin-bottom: 1em; margin-left: 1em;"><img border="0" height="87" src="http://static.squarespace.com/static/50ef41abe4b07ac9a3e4c50f/t/51f5d394e4b0072140070cb4/1375064980725/logodino.png?format=500w" width="320" /></a><span style="font-family: Trebuchet MS, sans-serif;">In a startup, you have to wear a lot of different hats, play
lots of different roles, and you’re always thrown in to something you don’t
know anything about. It’s not easy. Also, in law, there’s not a lot of leeway
to do innovative things. It’s hard to market law and it’s not very fun. All the
other legal websites out there try to create an aura of credibility or
authority, but that’s not really in line with our personality. We want to make
law accessible, not intimidating or scary, but it’s hard to change people’s perceptions.
There are surveys out there in which 70-80% of consumers have a negative
reaction when law is mentioned. We try to position LegalCrunch to instill some
confidence in consumers, but still have dinosaurs and fun characters on the
website to give people a sense of comfort.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Conversely, what’s been your greatest success?</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">There are so many tiny wins, but to us, they’re huge wins.
Little milestones add up. For example, we were thrilled when we got our first customer,
and when we helped clear our first person’s expungement. People have come to us
and said, “you are my only hope. I can’t afford a lawyer.” We try the best we
can without committing UPL by being a helpful resource. A number of people have
told us that they didn’t know where else to turn to. They were so grateful, and
those thank yous are very motivating. We’re also thrilled we’ve been able to
gain credibility in just a few months. Government agencies, probation officers,
and unemployment offices have started to refer customers to us. It’s slow, but
it’s happening.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Any advice to aspiring legal entrepreneurs?</b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Don’t give up.<span style="mso-spacerun: yes;"> </span>You’ll
probably fail a lot and get frustrated, but the more failures you have, the
more you success you may have in the future. There are a lot of obstacles in
this field, but you’re making real change. It’s easy to make a social app or
cat website, but its more fulfilling and challenging to be in this field. We
need more legal startups out there.<o:p></o:p></span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>How have you two managed to sustain yourselves financially
throughout this process? </b><o:p></o:p></span></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">We had about 9 months worth of investment money for MyRight. We<span style="background-color: white; color: #222222;"> moved back home to sustain LegalCrunch, though eventually moved to (and currently live in) New York City, which has afforded us a number of opportunities in the law tech space, including starting Legitimo. </span>For those
contemplating doing a regular job or side job, make sure its something easy
that you enjoy, since you’ll be doing that 9-5 and still have to come home and
work some more. Don’t do something you don’t care about. Many people with side
jobs still work in law during the day. We also have moved home. It’s not too
bad. It’s best if you have a clear vision. You really get to understand who you
are as a pers</span><span style="font-family: 'Trebuchet MS', sans-serif;">on. You’ll have a lot of doubts, and there will always be mornings
when you wake up and ask, “why am I doing this? I could have been normal.” It’s
easy to give up, but we want to let others out there contemplating a law
startup that it’s okay to move up and give up a normal lifestyle.</span></div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;"><b>Nikhil, any plans to return to law school? </b><o:p></o:p></span></div>
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<!--EndFragment--><br />
<div class="MsoNormal">
<span style="font-family: Trebuchet MS, sans-serif;">Maybe. It’s not something that’s out of the question. I’m not
sure I’d practice law, but I wouldn’t be opposed to just finishing the degree.</span><o:p></o:p></div>
Amy Wanhttp://www.blogger.com/profile/08040872866604318004noreply@blogger.com0